N.Y. State Finance Law 97-ZZZ – Cultural education account
§ 97-zzz. Cultural education 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 fund to be known as the cultural education account.
Terms Used In N.Y. State Finance Law 97-ZZZ
- 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
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
2. The comptroller is authorized and directed to receive for deposit to the credit of the cultural education account revenues designated for such deposit by law including those derived from the surcharge authorized by the third undesignated paragraph of subdivision (a) of § 8018 of the civil practice and law and rules, subparagraph b of paragraph four of subdivision (a) of section eight thousand twenty-one of such law, subparagraph b of paragraph eleven of subdivision (b) of section eight thousand twenty-one of such law, and subdivision a of section 7-604, subdivision 1 of section 7-614 of the administrative code of the city of New York.
3. Moneys of this account, following appropriation by the legislature, shall be available to support the following agencies and programs: (a) the state education department for services and expenses of the cultural education program including operating expenses and capital projects and the New York state summer school of the arts subject to a plan approved by the commissioner of education and the director of the budget; and (b) the Nelson A. Rockefeller performing arts center corporation subject to a plan approved by the director of the budget.