2019 New York Laws
STF - State Finance
Article 6 - Funds of the State
89-E - Alzheimer's Disease Assistance Fund.

Universal Citation: NY State Fin L § 89-E (2019)
§  89-e.  Alzheimer's  disease  assistance  fund.  1.  There is hereby
established in the joint custody of the  commissioner  of  taxation  and
finance  and  the  comptroller,  a  special  fund  to  be  known  as the
"Alzheimer's disease assistance fund".
  2. Such fund shall consist of all revenues received by the  department
of  taxation  and  finance,  pursuant  to  the provisions of section six
hundred twenty-nine of the tax law and all  other  moneys  appropriated,
credited,  or transferred thereto from any other fund or source pursuant
to law.  For each state fiscal year, there shall be appropriated to  the
fund  by  the  state,  in  addition  to  all other moneys required to be
deposited into such fund, an amount  equal  to  the  amounts  of  monies
collected  and  deposited  into the fund pursuant to section six hundred
twenty-nine of the tax  law  during  the  preceding  calendar  year,  as
certified by the comptroller. Nothing contained herein shall prevent the
state  from  receiving grants, gifts or bequests for the purposes of the
fund as defined in this  section  and  depositing  them  into  the  fund
according to law.
  2-a. On or before the first day of February each year, the comptroller
shall  certify  to  the  governor,  temporary  president  of the senate,
speaker of the assembly, chair of the senate finance committee and chair
of the assembly ways and means committee, the amount of money  deposited
in  the  Alzheimer's research fund during the preceding calendar year as
the  result  of  revenue  derived  pursuant  to  section   six   hundred
twenty-nine of the tax law.
  2-b.   On  or  before  the  first  day  of  February  each  year,  the
commissioner of health shall provide a written report to  the  temporary
president  of  the  senate, speaker of the assembly, chair of the senate
finance committee, chair of the assembly ways and means committee, chair
of the  senate  committee  on  health,  chair  of  the  assembly  health
committee,  the  state  comptroller  and  the  public. Such report shall
include how the monies of the fund were utilized  during  the  preceding
calendar year and shall include:

(i) the amount of money dispersed from the fund and the award process used for such disbursements;

(ii) recipients of awards from the fund;

(iii) the amount awarded to each;

(iv) the purposes for which such awards were granted; and

(v) a summary financial plan for such monies which shall include estimates of all receipts and all disbursements for the current and succeeding fiscal years, along with the actual results from the prior fiscal year. 3. Moneys in the Alzheimer's disease assistance fund shall be kept separate and shall not be commingled with any other moneys in the custody of the commissioner of taxation and finance and the comptroller. 4. The moneys in such fund shall be expended only for the purposes spelled out in paragraph (b) of subdivision six of section twenty-seven hundred one of the public health law. 5. All payments form such fund shall be made by the department of taxation and finance after audit and warrant of the comptroller on vouchers approved by the commissioner of health.

Disclaimer: These codes may not be the most recent version. New York may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.