N.Y. Environmental Conservation Law 42-0115 – Stewardship fund
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§ 42-0115. Stewardship fund.
Terms Used In N.Y. Environmental Conservation Law 42-0115
- Appropriation: The provision of funds, through an annual appropriations act or a permanent law, for federal agencies to make payments out of the Treasury for specified purposes. The formal federal spending process consists of two sequential steps: authorization
- Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
1. There is hereby established in the joint custody of the state comptroller and the commissioner of taxation and finance a special fund to be known as the "Historic Hudson-Hoosic Rivers fund".
2. Moneys in the fund shall consist of all moneys appropriated for the purpose of such fund, donations to the partnership and all moneys transferred to such fund pursuant to law. Any interest received by the comptroller on money on deposit in the fund shall be retained in and become part of the fund.
3. Moneys in the fund may be used, pursuant to appropriation, by the partnership for its purposes under this article.