* § 97-oooo. Smart schools bond fund. 1. There is hereby established
in the joint custody of the state comptroller and the commissioner of
taxation and finance a special fund to be known as the "smart schools
bond fund".

2. The state comptroller shall deposit into the smart schools bond
fund all moneys received by the state from the sale of bonds and/or
notes for uses eligible pursuant to section four of the smart schools
bond act of 2014.

3. Moneys in the smart schools bond fund, following appropriation by
the legislature and allocation by the director of the budget, shall be
available only for reimbursement of expenditures made from
appropriations from the capital projects fund for the purpose of the
smart schools bond fund, as set forth in the smart schools bond act of
2014.

4. No moneys received by the state from the sale of bonds and/or notes
sold pursuant to the smart schools bond act of 2014 shall be expended
for any project until funds therefor have been allocated pursuant to the
provisions of this section and copies of the appropriate certificates of
approval filed with the chair of the senate finance committee, the chair
of the assembly ways and means committee and the state comptroller.

* NB There are 2 § 97-oooo's