N.Y. State Finance Law § 99-oo: Pharmacy benefit manager regulatory fund

§ 99-oo. Pharmacy benefit manager regulatory 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

"pharmacy benefit manager (PBM) regulatory fund".

2. Money allocated to the PBM regulatory fund shall be kept separate

and shall not be commingled with any other funds in the custody of the

state comptroller.

3. Such fund shall consist of money received by the state as fees

under article twenty-nine of the insurance law or penalties ordered

under article twenty-nine of the insurance law and all other monies

appropriated, credited, or transferred thereto from any other fund or

source pursuant to law. All monies shall remain in such fund unless and

until directed by statute or appropriation.