N.Y. State Finance Law 97-H – Lake George park trust fund
§ 97-h. Lake George park trust fund. 1. There is hereby established in the joint custody of the state comptroller and the commissioner of taxation and finance a fund to be known as the Lake George park trust fund.
Terms Used In N.Y. State Finance Law 97-H
- Amendment: A proposal to alter the text of a pending bill or other measure by striking out some of it, by inserting new language, or both. Before an amendment becomes part of the measure, thelegislature must agree to it.
- 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 appropriated for the purpose of such fund and all moneys transferred to such fund pursuant to law including section 43-0125 of the environmental conservation law and § 2231 of the vehicle and traffic law. Any interest earned by the investment of moneys in such fund shall be added to such fund, become a part of such fund, and be used for the purpose of such fund.
3. Moneys of such fund shall be available for appropriation and allocation only to the Lake George park commission for the purposes of carrying out the provisions of Article 43 of the environmental conservation law and for the acquisition by the commission of integral environmental areas and open space resources within the Lake George park or for grants to municipalities or nonprofit land trusts within such park for the purposes of such acquisition.
4. The moneys of the fund shall be paid out on the audit and warrant of the comptroller on vouchers certified or approved by the chairman of the Lake George park commission or his duly designated representative.
5. Notwithstanding the provisions of any general or special law, no moneys shall be available from the fund until a certificate of allocation and a schedule of amounts to be available therefor shall have been issued by the director of the budget, and a copy of such certificate filed with the comptroller. Such certificate may be amended from time to time by the director of the budget and a copy of each such amendment shall be filed with the comptroller.