N.Y. State Finance Law 97-NN*2 – World University Games Fund
* § 97-nn. World University Games Fund. 1. There is hereby established in the joint custody of the state comptroller and the commissioner of taxation and finance a fund in the state purposes account to be known as the World University Games Fund.
Terms Used In N.Y. State Finance Law 97-NN*2
- 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 revenues received from the sale of World University Games license plates pursuant to § 404-k of the vehicle and traffic law and all other moneys credited or transferred thereto from any other fund or source pursuant to law.
3. Moneys of the fund, following appropriation by the legislature, may be expended for the World University Games in Buffalo. Moneys shall be paid out of the account on the audit and warrant of the state comptroller on vouchers certified or approved by the commissioner of the department of economic development.
* NB There are 3 § 97-nn's