N.Y. State Finance Law 97-NNN – Office of the professions account
§ 97-nnn. Office of the professions account. 1. There is hereby established in the joint custody of the state comptroller and the commissioner of taxation and finance an account of the miscellaneous special revenue fund to be known as the office of the professions account.
Terms Used In N.Y. State Finance Law 97-NNN
- 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
- Statute: A law passed by a legislature.
2. Notwithstanding any other law, rule or regulation to the contrary, the state comptroller is hereby authorized and directed to receive for deposit to the credit of the office of the professions account, payments relating to the responsibilities of the education department pursuant to title VIII of the education law, including fees for professional licenses and registration, penalties for professional misconduct, charges for test administration, verification and certification of credentials, and restoration of revoked and annulled licenses and fees related to foreign and out-of-state medical school evaluations and any other related fees, surcharges and charges as established by statute or by the commissioner's regulations pursuant to such title.
3. Moneys of this account, following appropriation by the legislature, shall be available to the state education department for services and expenses of the office of the professions.