Section 99-FF - [Multiple versions] New York central business district trust fund1. Establishment of the fund. 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 New York central business district trust fund. Moneys in this account shall be kept separate and not commingled with any other moneys in the custody of the comptroller.2. Sources of funds. The sources of funds shall consist of all moneys deposited pursuant to subdivision (c) of section eleven hundred forty-eight of the tax law. Any interest received by the comptroller on moneys on deposit shall be retained and become part of the fund, unless otherwise directed by law.3. Uses of funds. Following appropriation by the legislature, moneys shall be available for distribution to the central business district tolling capital lockbox established pursuant to section five hundred fifty-three-j of the public authorities law.N.Y. State Fin. Law § 99-FF
Added by New York Laws 2019, ch. 59,Sec. G-6-c, eff. 4/12/2019.