§ 76 — Rail preservation and development fund

New York § 76

• Jurisdiction: New York
• Law STF: State Finance
• Art. 6: Funds of the State

Text

§ 76. Rail preservation and development fund. 1. There is hereby\nestablished in the custody of the state comptroller a special fund to be\nknown as the "rail preservation and development fund."\n 2. Such fund shall consist of all monies received by the state from\nthe sale of bonds pursuant to the rail preservation bond act of nineteen\nhundred seventy-four and the energy conservation through improved\ntransportation bond act of nineteen hundred seventy-nine together with\nall monies paid to the state by the federal government or a county,\ncity, town, village, special transportation district, public benefit\ncorporation, or other public corporation, or two or more of the\nforegoing acting jointly, as reimbursement for payments made by the\nstate pursuant to such acts.\n 3. Monies of the fund, following appropriation made by the legislature\nand allocation by the director of the budget, shall be available only\nfor reimbursement of the expenditures made from appropriations for the\npurposes set forth in the rail preservation bond act of nineteen hundred\nseventy-four and the energy conservation through improved transportation\nbond act of nineteen hundred seventy-nine.\n