§ 99-PP — Background check fund

New York § 99-PP

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

Text

* § 99-pp. Background check fund. 1. There is hereby established in\nthe joint custody of the state comptroller and commissioner of taxation\nand finance a special fund to be known as the "background check fund".\n 2. Such fund shall consist of all revenues received by the\ncomptroller, pursuant to the provisions of section two hundred\ntwenty-eight of the executive law and all other moneys appropriated\nthereto from any other fund or source pursuant to law. Nothing contained\nin this section 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. The moneys of the background check fund, following appropriation by\nthe legislature, shall be allocated for the direct costs associated with\nperforming background checks pursuant to section two hundred\ntwenty-eight of the executive law.\n 4. The state comptroller may invest any moneys in the background check\nfund not expended for the purpose of this section as provided by law.\nThe state comptroller shall credit any interest and income derived from\nthe deposit and investment of moneys in the background check fund to the\nbackground check fund.\n 5. (a) Any unexpended and unencumbered moneys remaining in the\nbackground check fund at the end of a fiscal year shall remain in the\nbackground check fund and shall not be credited to any other fund.\n (b) To the extent practicable, any such remaining funds shall be used\nto reduce the amount of the fee described in subdivision two of section\ntwo hundred twenty-eight of the executive law.\n * NB There are 3 § 99-pp's\n