Section 52:31C-5 - Establishment of State payment account for structured financing transactiona. The State Treasurer may establish a State payment account for a structured financing transaction. If the State Treasurer determines that a State payment account should be established, the State Treasurer is authorized to: (1) Select the payment bank in such manner as the State Treasurer may determine to be appropriate;(2) Direct the deposit of moneys to the payment bank to fund the State payment account; and(3) Take any actions necessary or convenient in connection with the establishment of the State payment account.b. There are appropriated such moneys as are required to be deposited in a State payment account for the purposes specified in the related structured financing agreement.