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This entry was published on 2017-04-28
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SECTION 179
New York environmental protection and spill compensation fund
Navigation (NAV) CHAPTER 37, ARTICLE 12, PART 3
§ 179. New York environmental protection and spill compensation fund.
1. The New York environmental protection and spill compensation fund is
hereby established as a nonlapsing, revolving fund in the department of
audit and control to carry out the purposes of this article.

2. Two separate accounts are hereby established within the fund
established by subdivision one of this section:

(a) An account which shall be credited with all license fees and
penalties collected pursuant to paragraph (b) of subdivision one and
paragraph (a) of subdivision four of section one hundred seventy-four of
this article except as provided in section one hundred seventy-nine-a of
this article, the portion of the surcharge collected pursuant to
paragraph (d) of subdivision four of section one hundred seventy-four of
this article, penalties collected pursuant to paragraph (b) of
subdivision four of section one hundred seventy-four-a of this article,
money collected pursuant to section one hundred eighty-seven of this
article, all penalties collected pursuant to section one hundred
ninety-two of this article, and registration fees collected pursuant to
subdivision two of section 17-1009 of the environmental conservation
law.

(b) An account which shall be credited with all surcharges collected
pursuant to paragraph (c) of subdivision one and paragraph (b) of
subdivision four of section one hundred seventy-four of this article. In
addition, such account shall be credited with funds from the account
established by paragraph (a) of this subdivision in an amount equal to
two and three-quarters cents multiplied by the number of barrels of
petroleum subject to the provisions of paragraph (d) of subdivision four
of section one hundred seventy-four of this article. The amount so
credited shall not exceed the amount equal to two and three-quarters
cents multiplied by the number of barrels which would have been subject
to the provisions of such paragraph (d) during the state fiscal year
ending March thirty-first, nineteen hundred ninety-nine.

Interest received on moneys in each account in the fund shall be
credited to that account, respectively.