§ 89-k. Diabetes research and education fund. 1. There is hereby
established in the joint custody of the commissioner of taxation and
finance and the comptroller, a special fund to be known as the "diabetes
research and education fund".

2. Such fund shall consist of all revenues received by the department
of taxation and finance, pursuant to the provisions of section two
hundred nine-Q and section six hundred thirty-l of the tax law and all
other moneys appropriated, credited or transferred thereto from any
other fund or source pursuant to law. Nothing in this section shall
prevent the state from receiving grants, gifts or bequests for the
purposes of the fund as defined in this section and depositing them into
the fund according to law.

3. Monies of the fund shall be expended only for diabetes research and
educational projects. As used in this section, "diabetes research and
education projects" means scientific research or educational projects,
including demonstration and education grants for diabetes education
research, which are approved by the department of health.

4. Monies shall be payable from the fund on the audit and warrant of
the comptroller on vouchers approved and certified by the commissioner
of health.

5. To the extent practicable, the commissioner of health shall ensure
that all monies received during a fiscal year are expended prior to the
end of that fiscal year.

6. On or before the first day of February each year, the comptroller
shall certify to the governor, temporary president of the senate,
speaker of the assembly, chair of the senate finance committee and chair
of the assembly ways and means committee, the amount of money deposited
in the diabetes research and education fund during the preceding
calendar year as the result of revenue derived pursuant to sections two
hundred nine-Q and six hundred thirty-l of the tax law.

7. On or before the first day of February each year, the commissioner
of health 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, chair of the
senate committee on health, chair of the assembly health committee, 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;

(ii) recipients of awards from the fund;

(iii) the amount awarded to each; and

(iv) the purposes for which such awards were granted.