New York § 99-FF*2 New York central business district trust fund

New York Statutes

§ 99-FF*2 — New York central business district trust fund

New York § 99-FF*2

Law STFState Finance

Art. 6Funds of the State

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Bluebook

N.Y. State Finance § 99-FF*2 (2026).

Text

  * § 99-ff. New York central business district trust fund. 1.\nEstablishment of the fund. There is hereby established in the joint\ncustody of the state comptroller and the commissioner of taxation and\nfinance a special fund to be known as the New York central business\ndistrict trust fund. Moneys in this account shall be kept separate and\nnot commingled with any other moneys in the custody of the comptroller.\n  2. Sources of funds. The sources of funds shall consist of all moneys\ndeposited pursuant to subdivision (c) of section eleven hundred\nforty-eight of the tax law. Any interest received by the comptroller on\nmoneys on deposit shall be retained and become part of the fund, unless\notherwise directed by law.\n  3. Uses of funds. Following appropriation by the legislature, moneys

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* § 99-ff. New York central business district trust fund. 1.\nEstablishment of the fund. There is hereby established in the joint\ncustody of the state comptroller and the commissioner of taxation and\nfinance a special fund to be known as the New York central business\ndistrict trust fund. Moneys in this account shall be kept separate and\nnot commingled with any other moneys in the custody of the comptroller.\n 2. Sources of funds. The sources of funds shall consist of all moneys\ndeposited pursuant to subdivision (c) of section eleven hundred\nforty-eight of the tax law. Any interest received by the comptroller on\nmoneys on deposit shall be retained and become part of the fund, unless\notherwise directed by law.\n 3. Uses of funds. Following appropriation by the legislature, moneys\nshall be available for distribution to the central business district\ntolling capital lockbox established pursuant to section five hundred\nfifty-three-j of the public authorities law.\n * NB There are 2 § 99-ff's\n