N.Y. State Finance Law § 99-qq: Hazard mitigation state revolving loan fund

* § 99-qq. Hazard mitigation state revolving loan fund. 1. There is

hereby established in the joint custody of the state comptroller and the

commissioner of taxation and finance a fund to be known as the "hazard

mitigation revolving loan fund".

2. The fund shall consist of all moneys appropriated therefore, all

moneys received by the state pursuant to a capitalization grant from the

federal emergency management agency in accordance with the Safeguarding

Tomorrow through Ongoing Risk Mitigation Act of 2020 (STORM Act) (P.L.

116-284), payments of principal and interest on loans made from the

fund, and interest earned on amounts in the fund.

3. Moneys of the account, when allocated, shall be available to the

commissioner of the Division of Homeland Security and Emergency Services

to make loans pursuant to section seven hundred nineteen of the

executive law.

* NB There are 2 §99-qq's