N.Y. State Finance Law 99-LL – New York state council on the arts cultural programs fund
§ 99-ll. New York state council on the arts cultural programs fund. 1. There is hereby established in the joint custody of the state comptroller and commissioner of taxation and finance a special fund to be known as the "New York state council on the arts cultural program fund".
Terms Used In N.Y. State Finance Law 99-LL
- Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
2. Such fund shall consist of all revenues received by the state, pursuant to the provisions of § 24-c of the tax law and all other moneys appropriated thereto from any other fund or source pursuant to law. Nothing contained in this section shall prevent the state from receiving grants, gifts or bequests for the purposes of the fund as defined in this section and depositing them into the fund according to law.
3. On or before the first day of February two thousand twenty-four, the executive director of the New York state council on the arts shall provide a written report to the temporary president of the senate, the speaker of the assembly, the chair of the senate finance committee, the chair of the assembly ways and means committee, the chair of the senate committee on health, the chair of the assembly health committee, the state comptroller and the public. Such report shall include how the monies of the fund were utilized during the preceding calendar year, and shall include:
(a) the amount of money disbursed from the fund and the award process used for such disbursements;
(b) recipients of awards from the fund;
(c) the amount awarded to each;
(d) the purposes for which such awards were granted; and
(e) a summary financial plan for such monies which shall include estimates of all receipts and all disbursements for the current and succeeding fiscal years, along with the actual results from the prior fiscal year.
4. Moneys shall be payable from the fund on the audit and warrant of the comptroller on vouchers approved and certified by the executive director of the New York state council on the arts.
5. The moneys in such fund shall be expended for the purpose of supplementing art and cultural grant programs of the New York state council on the arts, including but not limited to: arts education programs, and art and cultural programs for children and adults, including programs that increase access to art and cultural programs and events in underserved communities.