New York Statutes

§ 92-GG — Charitable gifts trust fund

New York·Law STF State Finance·Art. 6 Funds of the State

* § 92-gg. Charitable gifts trust fund.

1.There is hereby established\nin the joint custody of the commissioner of taxation and finance and the\nstate comptroller a special fund pursuant to section eleven of this\nchapter to be known as the "charitable gifts trust fund".\n 2. Moneys in the charitable gifts trust fund shall be kept separate\nfrom and shall not be commingled with any other moneys in the custody of\nthe comptroller or the commissioner of taxation and finance. Provided,\nhowever that any moneys of the fund not required for immediate use may,\nat the discretion of the comptroller, in consultation with the director\nof the budget, be invested by the comptroller in obligations of the\nUnited States or the state. The proceeds of any such investment shall be\nretained by the fu

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