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2020 New York Laws
STF - State Finance
Article 6 - Funds of the State
79 - World Trade Center Memorial Foundation Fund.

Universal Citation: NY State Fin L § 79 (2020)
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§  79. World Trade Center memorial foundation fund. 1. There is hereby
established in the sole custody of  the  commissioner  of  taxation  and
finance  a  special fund to be known as the "World Trade Center memorial
foundation fund". Monies in the fund shall be kept separate from and not
commingled with other funds held in the sole custody of the commissioner
of taxation and finance.
  2. Such fund shall consist of all revenues received by the  department
of  taxation  and  finance  pursuant  to  the provisions of sections two
hundred nine-F and six hundred thirty-a of the tax  law  and  all  other
money appropriated, credited, or transferred thereto from any other fund
or  source  pursuant  to law. 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 chairman of
the board of directors of the World  Trade  Center  memorial  foundation
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, 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. Monies of the fund shall be expended only for costs associated with
the  construction,  installation and operation of the World Trade Center
memorial. Monies shall be payable from the fund by the  commissioner  of
taxation  and  finance on vouchers approved by the chairman of the board
of directors of the World Trade Center memorial foundation.
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