2006 New York Code - The Institute For The Hudson River Collection Fund.

 
    * § 92-q. The institute for the Hudson River Collection fund. 1. There
  is  hereby  established  in the custody of the state comptroller and the
  commissioner of  taxation  and  finance  a  fund  to  be  known  as  the
  "Institute  for the Hudson River Collection fund." The Institute for the
  Hudson River Collection shall administer the Institute  for  the  Hudson
  River Collection fund.
    2.  a.  The  Institute  shall have the power to receive any moneys and
  property from any source.  It  shall  distribute  funds  as  grants  and
  contracts  to  not-for-profit  tax  exempt  entities  for the purpose of
  establishing, maintaining  and  furthering  the  cultural  and  artistic
  interests of the Hudson river area.
    b. No less than seventy-five percent of the total funds distributed in
  any   fiscal  year  shall  be  allocated  to  not-for-profit  tax-exempt
  providers for the purpose of establishing,  maintaining  and  furthering
  the cultural and artistic interests of the Hudson river area.
    c. The remaining funds shall be allocated for services and expenses of
  the Institute for the Hudson River Collection.
    d.   The   Institute   shall  adopt  rules  and  regulations  for  the
  administration of the fund to carry out the purpose  and  provisions  of
  this  section  and  of article ten of the arts and cultural affairs law.
  Such regulations shall be adopted in accordance with article two of  the
  state administrative procedure act.
    e.  The  Institute may employ and remove such personnel as it may deem
  necessary  for  the  performance  of  its  functions   and   fix   their
  compensation within the amounts made available therefor and may allocate
  funds  for the actual and necessary nonpersonnel administrative costs of
  the Institute. No more than ten percent of the funds  available  in  any
  fiscal  year  shall  be  spent on personnel and related services, and on
  necessary nonpersonnel administrative costs of the Institute.
    3. Moneys of the fund, following appropriation by the legislature, may
  be expended for the  purposes  described  in  subdivision  two  of  this
  section.  Moneys  shall be paid out of the fund on the audit and warrant
  of the state comptroller  on  vouchers  certified  or  approved  by  the
  commissioner of the state education department.
    * NB There are 2 § 92-q's