§ 96 — The World Trade Center memorial scholarship fund

New York § 96

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

Text

§ 96. The World Trade Center memorial scholarship fund. 1. There is\nhereby established, in the joint custody of the commissioner of taxation\nand finance and the comptroller, a special fund to be known as the World\nTrade Center memorial scholarship fund.\n 2. Such fund shall consist of all revenues received pursuant to the\nprovisions of section four hundred four-ee of the vehicle and traffic\nlaw and all other moneys appropriated, credited, or transferred thereto\nfrom any other fund or source pursuant to law. Nothing contained in this\nsection shall prevent the state from receiving grants, gifts, or\nbequests for the purposes of the fund, as defined in this section, and\ndepositing them into the fund according to law.\n 3. Monies of the fund shall be expended only for scholarships awarded\npursuant to sections six hundred eight and six hundred sixty-eight-d of\nthe education law.\n 4. Monies shall be payable from the fund on the audit and warrant of\nthe comptroller on vouchers approved and certified by the commissioner\nof education.\n 5. To the extent possible, the commissioner of education shall ensure\nthat all monies received during a fiscal year are expended prior to the\nend of that fiscal year.\n