Legislation

Search OpenLegislation Statutes

This entry was published on 2014-09-22
The selection dates indicate all change milestones for the entire volume, not just the location being viewed. Specifying a milestone date will retrieve the most recent version of the location before that date.
SECTION 97-D
Environmental quality bond act fund
State Finance (STF) CHAPTER 56, ARTICLE 6
§ 97-d. Environmental quality bond act fund. 1. There is hereby
established in the custody of the state comptroller and the commissioner
of taxation and finance a special fund, to be known as the
"environmental quality bond act fund".

2. The comptroller shall establish two separate and distinct accounts
within the environmental quality bond act fund; (a) hazardous waste
remediation and municipal solid waste landfill closure account; and (b)
forest preserve, historic preservation, municipal park and
environmentally sensitive lands account.

3. All moneys received by the state from the sale of bonds or notes
for the purpose stated in paragraph a of section four of the
environmental quality bond act of nineteen hundred eighty-six shall be
deposited by the comptroller in the hazardous waste remediation and
municipal solid waste landfill closure account established by the
comptroller pursuant to the provisions of subdivision two of this
section.

4. All moneys received by the state from the sale of bonds or notes
for the purpose stated in paragraph b of section four of the
environmental quality bond act of nineteen hundred eighty-six shall be
deposited by the comptroller in the forest preserve, historic
preservation, municipal park and environmentally sensitive lands account
established by the comptroller pursuant to the provisions of subdivision
two of this section.

5. Moneys in any account of this fund, following appropriation by the
legislature and allocation by the director of the budget, shall be
available only for the reimbursement of expenditures made from
appropriations from the capital projects fund for the purpose as set
forth in the environmental quality bond act of nineteen hundred
eighty-six.