§ 230. Expenditure of monies. The monies received by the state from the sale of bonds pursuant to the rail preservation bond act of nineteen hundred seventy-four and the energy conservation through improved transportation bond act of nineteen hundred seventy-nine shall be expended pursuant to appropriation for any rail preservation project or local street or highway project approved hereunder.

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Terms Used In N.Y. Transportation Law 230

  • 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