N.Y. State Finance Law § 99-hh*2: Public health emergency charitable gifts trust fund

* § 99-hh. Public health emergency charitable gifts trust fund. 1.

There is hereby established in the joint custody of the commissioner of

taxation and finance and the state comptroller a special fund to be

known as the "public health emergency charitable gifts trust fund".

2. The public health emergency charitable gifts trust fund shall

consist of monetary grants, gifts or bequests received by the state for

the purposes of the fund, and all other moneys credited or transferred

thereto from any other fund or source. Moneys of such fund shall be

expended only for goods and services necessary to respond to a public

health disaster emergency or to assist or aid in responding to such a

disaster. Nothing in this section shall prevent the state from

soliciting and receiving grants, gifts or bequests for the purposes of

such fund and depositing them into the fund according to law.

3. Moneys in such fund shall be kept separate from and shall not be

commingled with any other moneys in the custody of the comptroller or

the commissioner of taxation and finance. Any moneys of the fund not

required for immediate use may, at the discretion of the comptroller, in

consultation with the director of the budget, be invested by the

comptroller in obligations of the United States or the state, or in

obligations the principal and interest on which are guaranteed by the

United States or by the state. Any income earned by the investment of

such moneys shall be added to and become a part of, and shall be used

for the purposes of such fund.

* NB There are 4 § 99-hh's