§ 97-DD — Eminent domain account

§ 97-dd. Eminent domain account. 1. There is hereby established in the\njoint custody of the state comptroller and the commissioner of taxation\nand finance an eminent domain account.\n 2. The eminent domain account shall consist of all moneys deposited\npursuant to the provisions of subdivision (E) of section three hundred\nfour of the eminent domain procedure law, and all other moneys credited\nor transferred thereto from any other fund or source pursuant to law.\n 3. The comptroller shall establish a sub-account for each deposit made\npursuant to the provision of subdivision (E) of section three hundred\nfour of the eminent domain procedure law.\n 4. Moneys of the account may be invested by the comptroller in any\nobligation in which moneys of the state may be invested pursuant to the\nprovisions of section ninety-eight-a of this article and the interest\nearnings shall be credited to the account.\n 5. Moneys of the account shall be payable to condemnees or otherwise\nexpended in accordance with the provisions of subdivision (E) of section\nthree hundred four of the eminent domain procedure law.\n