2006 New York Code - Rebuild And Renew New York Transportation Bond Fund.

 
    * §  97-eeee.  Rebuild and renew New York transportation bond 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 "rebuild  and  renew  New  York  transportation  bond
  fund."
    2.  The comptroller shall establish at least two separate and distinct
  accounts within the rebuild and renew New York transportation bond  fund
  as follows, which shall include the following: (a) an account containing
  all moneys received by the state from the sale of bonds and/or notes for
  uses  eligible  pursuant to subdivision a of section four of the rebuild
  and renew New York transportation bond act of two thousand five, enacted
  by a chapter of the laws of  two  thousand  five;  and  (b)  an  account
  containing  all  moneys  received  by  the  state from the sale of bonds
  and/or notes for uses eligible pursuant to subdivision b of section four
  of the rebuild and  renew  New  York  transportation  bond  act  of  two
  thousand five, enacted by a chapter of the laws of two thousand five.
    3.  Moneys in any account of this fund, following appropriation by the
  legislature and allocation by the  director  of  the  budget,  shall  be
  available   only   for   reimbursement   of   expenditures   made   from
  appropriations from the capital projects fund for  the  purpose  of  the
  rebuild and renew New York transportation bond fund, as set forth in the
  rebuild and renew New York transportation bond act of two thousand five.
    4. No moneys received by the state from the sale of bonds and/or notes
  sold  pursuant to the rebuild and renew New York transportation bond act
  of two thousand five shall be  expended  for  any  project  until  funds
  therefor  have been allocated pursuant to the provisions of this section
  and copies of the appropriate certificates of approval  filed  with  the
  chair  of  the  senate finance committee, the chair of the assembly ways
  and means committee and the state comptroller.
    * NB There are 3 § 97-eeee's