Section 97-TTTT - [See Note] Clean water, clean air, and green jobs bond fund1. 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 " clean water, clean air, and green jobs bond fund".2. The state comptroller shall deposit into the clean water, clean air, and green jobs bond fund all moneys received by the state from the sale of bonds and/or notes for uses eligible pursuant to section four of the clean water, clean air, and green jobs environmental bond act of 2022 .3. Moneys in the clean water, clean air, and green jobs bond 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 clean water, clean air, and green jobs bond fund, as set forth in the clean water, clean air, and green jobs environmental bond act of 2022 .4. No moneys received by the state from the sale of bonds and/or notes sold pursuant to the clean water, clean air, and green jobs environmental bond act of 2022 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.N.Y. State Fin. Law § 97-TTTT
Amended by New York Laws 2022, ch. 58,Sec. OO-10, eff. 4/9/2022.Added by New York Laws 2021, ch. 59,Sec. UU-2, eff. only if section 1 of part TT of chapter 59 of the laws of 2021 enacting the Environmental Bond Act of 2022 "Restore Mother Nature" is submitted to the people at the general election to be held in November 2022 and is approved by 1 majority of the votes.