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This entry was published on 2014-09-22
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SECTION 97-MM
State park infrastructure fund
State Finance (STF) CHAPTER 56, ARTICLE 6
* § 97-mm. State park infrastructure fund. 1. There is established in
the joint custody of the state comptroller and the commissioner of
taxation and finance a fund to be known as the state park infrastructure
fund.

2. Such fund shall consist of: (a) revenues received by the state
pursuant to section 13.15 and subdivisions two, two-a and two-b of
section 3.09 of the parks, recreation and historic preservation law
except those revenues required for the support of the patron services
account in the miscellaneous special revenue fund pursuant to
appropriation by the legislature; (b) all revenues received by the state
pursuant to section 13.16 of the parks, recreation and historic
preservation law; (c) all revenues received by the state pursuant to
contracts, leases, licenses and easements entered into by or with the
consent of the commissioner of parks, recreation and historic
preservation pursuant to section 13.06 of the parks, recreation and
historic preservation law; and (d) all other moneys credited or
appropriated for transfer thereto from any other fund or source
according to law.

3. Moneys in the fund, pursuant to appropriation by the legislature
and issuance of a certificate of availability by the director of the
budget, shall be made available for the following purposes: (a) payment
of debt service and related expenses authorized by and incurred pursuant
to section twelve hundred eighty-five-l of the public authorities law;
and (b) payment or reimbursement of costs associated with a state park
infrastructure project as such a project is defined in subdivision
thirty of section twelve hundred eighty-one of the public authorities
law.

4. Moneys in the state park infrastructure fund shall be kept separate
and shall not be commingled with any other moneys in the custody of the
comptroller. All deposits of such moneys shall, if required by the
comptroller, be secured by obligations of the United States or of the
state having a market value equal at all times to the amount of such
deposits and all banks and trust companies are authorized to give
security for such deposits. Any such moneys in such fund may, in the
discretion of the comptroller, be invested in obligations in which the
comptroller is authorized to invest pursuant to section ninety-eight-a
of this article.

5. All payments of moneys from the fund shall be made on the audit and
warrant of the comptroller.

* NB There are 2 § 97-mm's