2020 New York Laws
STF - State Finance
Article 6 - Funds of the State
99-L*2 - Love Your Library Fund.

* §  99-l.  Love  your library 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 "love your
library fund."
  2. Such fund shall consist of all revenues received by the  department
of motor vehicles pursuant to section four hundred four-v of the vehicle
and  traffic law, as added by chapter three hundred three of the laws of
two thousand four, all  the  revenues  received  by  the  department  of
taxation  and  finance  pursuant  to sections two hundred nine-K and six
hundred thirty-e of the tax  law  and  all  other  moneys  appropriated,
credited,  or transferred thereto from any other fund or source pursuant
to law.
  2-a.  On  or  before  the  first  day  of  February  each  year,   the
commissioner  of  the  department  of  education 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 disbursed 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  of  the  fund,  following appropriation by the legislature
shall be expended only for the purposes of  providing  funding  for  the
statewide summer reading program set forth in subdivision ten of section
two hundred seventy-three of the education law. Moneys shall be paid out
of  the  fund  on  the  audit  and  warrant  of the state comptroller on
vouchers approved and certified by the commissioner  of  education.  Any
interest  received  by  the comptroller on moneys on deposit in the love
your library fund shall be retained in and become part of such fund.
  * NB There are 2 § 99-l's