2016 New York Laws
STF - State Finance
Article 6 - (State Finance) FUNDS OF THE STATE
92-U - New York state canal system development fund.

  92-u.  New York state canal system development fund. 1. Pursuant to
  article fifteen of the state constitution, 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  "New  York  state  canal
  system development fund".
2. Such fund shall consist of all revenues received from the operation
  of  the  New York state canal system as defined in section three hundred
  fifty-one of the public authorities law and section  two  of  the  canal
  law,  including payments on leases for use of canal lands, terminals and
  terminal lands,  tolls  received  for  lock  and  lift  bridge  passage,
  payments  for  hydroelectric  easements and sales, for purchase of other
  abandoned canal lands, payments for any permits and leases  for  use  of
  the  water and lands of the system and payments for use of dry docks and
  other moneys made available to the fund from any other source other than
  a grant, loan or other inter-corporate transfer of funds  of  the  power
  authority  of  the  state  of  New  York,  and  any income earned by, or
  incremental to, the fund due to investment thereof, or any repayment  of
  any moneys advanced by the fund.
3.  Moneys  in the New York state canal system development fund may be
  invested by the comptroller pursuant to section ninety-eight-a  of  this
  article,  and  any  income received by the comptroller shall be added to
  and become a part of, and shall be used for the purposes of such fund.
4. The moneys held in or credited to the fund shall  be  expended  for
  the  purposes  set forth in this section, and may not be interchanged or
  commingled with any other account or fund but may be commingled with any
  other fund or account for investment purposes.
5. Moneys of the fund, following  appropriation  by  the  legislature,
  shall  be  available to the power authority of the state of New York and
  shall be expended by such authority or the canal  corporation  only  for
  the  maintenance, construction, reconstruction, development or promotion
  of the canal system. In addition, moneys of the fund may be used for the
  purposes  of  interpretive  signage  and   promotion   for   appropriate
  historically  significant  Erie  canal  lands  and related sites. Moneys
  shall be paid out of the fund by the state comptroller  on  certificates
  issued by the director of the budget.