N.Y. State Finance Law 97-A – Environmental quality protection fund
§ 97-a. Environmental quality protection fund. 1. There is hereby established in the custody of the state comptroller a special fund to be known as the "environmental quality protection fund".
Terms Used In N.Y. State Finance Law 97-A
- 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
2. Such fund shall consist of all moneys received by the state from the sale of bonds pursuant to the environmental quality bond act of nineteen hundred seventy-two together with all moneys paid to the state by the federal government or a municipality pursuant to sections 51-0305, 51-0507, 51-0711 and 51-0907 of the environmental conservation law.
3. Moneys of the fund, following appropriation by the legislature and allocation by the director of the budget, shall be available only for reimbursement of expenditures made from appropriations in accordance with the provisions of Article 6 of the environmental conservation law as amended.