N.Y. State Finance Law § 99-l*2: Love your library fund

* § 99-l. Love your library fund. 1. There is hereby established in

the joint custody of the state comptroller and the commissioner of

taxation and finance a special fund to be known as the "love your

library fund."

2. Such fund shall consist of all revenues received by the department

of motor vehicles pursuant to section four hundred four-v of the vehicle

and traffic law, as added by chapter three hundred three of the laws of

two thousand four, all the revenues received by the department of

taxation and finance pursuant to sections two hundred nine-K and six

hundred thirty-e of the tax law and all other moneys appropriated,

credited, or transferred thereto from any other fund or source pursuant

to law.

2-a. On or before the first day of February each year, the

commissioner of the department of education shall provide a written

report to the temporary president of the senate, speaker of the

assembly, chair of the senate finance committee, chair of the assembly

ways and means committee, the state comptroller and the public. Such

report shall include how the monies of the fund were utilized during the

preceding calendar year, and shall include:

(i) the amount of money disbursed from the fund and the award process

used for such disbursements;

(ii) recipients of awards from the fund;

(iii) the amount awarded to each;

(iv) the purposes for which such awards were granted; and

(v) a summary financial plan for such monies which shall include

estimates of all receipts and all disbursements for the current and

succeeding fiscal years, along with the actual results from the prior

fiscal year.

3. Moneys of the fund, following appropriation by the legislature

shall be expended only for the purposes of providing funding for the

statewide summer reading program set forth in subdivision ten of section

two hundred seventy-three of the education law. Moneys shall be paid out

of the fund on the audit and warrant of the state comptroller on

vouchers approved and certified by the commissioner of education. Any

interest received by the comptroller on moneys on deposit in the love

your library fund shall be retained in and become part of such fund.

* NB There are 2 § 99-l's