N.Y. State Finance Law § 99-k: Child performer's holding fund

§ 99-k. Child performer's holding fund. 1. There is hereby established

in the joint custody of the state comptroller and the commissioner of

taxation and finance a special revenue fund known as the "child

performer's holding fund".

2. Such fund shall consist of revenues received and interest accrued

pursuant to part seven of article seven of the estates, powers and

trusts law, and all other monies appropriated, credited, or transferred

thereto from any other fund or source pursuant to law.

3. Monies of the fund shall be distributed to the child performer upon

receipt of the child performer trust fund pursuant to part seven of

article seven of the estates, powers and trusts law. The comptroller

shall notify the commissioner of the department of labor within thirty

days of receipt of the funds and the child performer's name and last

known address. Within thirty days of receipt of the funds, the

comptroller shall give notice to the parent or guardian about funds and

the procedures to transfer funds from the comptroller to the child

performer trust fund account in the name of the child performer. Monies

not claimed shall be used solely to fund programs for the health,

education and welfare of child performers. The comptroller shall submit

a report about the child performer's holding fund to the governor, the

temporary president of the senate and the speaker of the assembly

concerning the implementation of this section.