§ 97-WWW*5 — Percy T

New York § 97-WWW*5

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

Text

* § 97-www. Percy T. Phillips educational foundation of the Dental\nSociety of the state of New York fund. 1. There is hereby established in\nthe joint custody of the state comptroller and the commissioner of\ntaxation and finance a fund to be known as the "Percy T. Phillips\nEducational Foundation of The Dental Society of the State of New York\nFund".\n 2. Such fund shall consist of all moneys collected pursuant to section\nfour hundred four-r of the vehicle and traffic law, and all other moneys\ncredited or transferred thereto from any other fund or source pursuant\nto law, provided that section four hundred four-r of the vehicle and\ntraffic law shall control the method of payment for the costs of\nproducing the distinctive license plates authorized pursuant to such\nsection of law.\n 3. Moneys of the fund shall be expended for the benefit of the dental\neducation and public access programs of the Percy T. Phillips\neducational foundation of the Dental Society of the state of New York.\nMoneys shall be paid out of the fund on the audit and warrant of the\nstate comptroller on vouchers approved by the chairman of the board of\ntrustees of the Percy T. Phillips educational foundation of the Dental\nSociety of the state of New York or by the treasurer or the executive\ndirector of the Percy T. Phillips educational foundation of the Dental\nSociety of the state of New York. Any interest received by the\ncomptroller on moneys on deposit in the Percy T. Phillips educational\nfoundation of the Dental Society of the state of New York fund shall be\nretained in and become part of such fund. No money from such fund may be\nwithdrawn, transferred, or used by any person for any purpose other than\nas permitted in this section.\n * NB There are 5 § 97-www's\n