N.Y. State Finance Law 92-G – Motorcycle safety fund
* § 92-g. Motorcycle safety fund. 1. There is hereby established in the joint custody of the state comptroller and the commissioner of taxation and finance a special fund to be known as the "motorcycle safety fund".
Terms Used In N.Y. State Finance Law 92-G
- 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
- Contract: A legal written agreement that becomes binding when signed.
2. Moneys of the fund, following appropriation by the legislature, shall be made available to the department of motor vehicles only for the administration and implementation of the motorcycle safety program established pursuant to § 410-a of the vehicle and traffic law. No more than ten percent of the annual receipts of the fund may be used for administrative and personnel costs of the department needed to implement and administer the program. Remaining moneys of the fund shall be used for the administrative and operating expenses of the motorcycle rider training coordinating organization designated under § 410-a of the vehicle and traffic law.
3. The moneys of the fund shall be paid out on the audit and warrant of the comptroller on vouchers certified or approved by the commissioner of motor vehicles, including advances of funds pursuant to a contract to a motorcycle rider training coordinating organization. At the end of each year any moneys remaining in the fund shall be retained in the fund and shall not revert to the general fund. The interest and income earned on money in the fund, after deducting any applicable charges, shall be credited to the fund.
* NB Repealed April 1, 2024