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This entry was published on 2019-04-19
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New York central business district trust fund
State Finance (STF) CHAPTER 56, ARTICLE 6
* § 99-ff. New York central business district trust fund. 1.
Establishment of the fund. 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 New York central business
district trust fund. Moneys in this account shall be kept separate and
not commingled with any other moneys in the custody of the comptroller.

2. Sources of funds. The sources of funds shall consist of all moneys
deposited pursuant to subdivision (c) of section eleven hundred
forty-eight of the tax law. Any interest received by the comptroller on
moneys on deposit shall be retained and become part of the fund, unless
otherwise directed by law.

3. Uses of funds. Following appropriation by the legislature, moneys
shall be available for distribution to the central business district
tolling capital lockbox established pursuant to section five hundred
fifty-three-j of the public authorities law.

* NB There are 2 § 99-ff's