This text of New York § 97-UUU*2 (Transportation infrastructure bond fund) is published on Counsel Stack Legal Research, covering New York primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
* § 97-uuu. Transportation infrastructure bond fund. 1. There is\nhereby established in the joint custody of the state comptroller and the\ncommissioner of taxation and finance a special fund to be known as the\n"transportation infrastructure bond fund."\n 2. The comptroller shall establish at least three separate and\ndistinct accounts within the transportation infrastructure bond fund as\nfollows, which shall include the following:
(a)an account containing\nall moneys received by the state from the sale of bonds and/or notes for\nuses eligible pursuant to subdivision a of section four of the\nTransportation Infrastructure Bond Act of 2000, enacted by a chapter of\nthe laws of two thousand;
(b)an account containing all moneys received\nby the state from the sale of bonds and/or notes
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* § 97-uuu. Transportation infrastructure bond fund. 1. There is\nhereby established in the joint custody of the state comptroller and the\ncommissioner of taxation and finance a special fund to be known as the\n"transportation infrastructure bond fund."\n 2. The comptroller shall establish at least three separate and\ndistinct accounts within the transportation infrastructure bond fund as\nfollows, which shall include the following: (a) an account containing\nall moneys received by the state from the sale of bonds and/or notes for\nuses eligible pursuant to subdivision a of section four of the\nTransportation Infrastructure Bond Act of 2000, enacted by a chapter of\nthe laws of two thousand; (b) an account containing all moneys received\nby the state from the sale of bonds and/or notes for uses eligible\npursuant to subdivision b of section four of the Transportation\nInfrastructure Bond Act of 2000, enacted by a chapter of the laws of two\nthousand; and (c) an account containing all moneys received by the state\nfrom the sale of bonds and/or notes for uses eligible pursuant to\nsubdivision c of section four of the Transportation Infrastructure Bond\nAct of 2000, enacted by a chapter of the laws of two thousand.\n 3. Moneys in any account of this fund, following appropriation by the\nlegislature and allocation by the director of the budget, shall be\navailable only for reimbursement of expenditures made from\nappropriations from the capital projects fund for the purpose of the\ntransportation infrastructure bond fund, as set forth in the\nTransportation Infrastructure Bond Act of 2000.\n 4. No moneys received by the state from the sale of bonds and/or notes\nsold pursuant to the Transportation Infrastructure Bond Act of 2000\nshall be expended for any project until funds therefor have been\nallocated pursuant to the provisions of this section and copies of the\nappropriate certificates of approval filed with the chairman of the\nsenate finance committee, the chairman of the assembly ways and means\ncommittee and the state comptroller.\n * NB Not effective due to defeat of the Transportation Bond Act of\n2000.\n * NB There are 2 § 97-uuu's\n