Section 97-OOOO - [Multiple versions] Smart schools bond fund1. 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 "smart schools bond fund".2. The state comptroller shall deposit into the smart schools bond fund all moneys received by the state from the sale of bonds and/or notes for uses eligible pursuant to section four of the smart schools bond act of 2014.3. Moneys in the smart schools bond fund, following appropriation by the legislature and allocation by the director of the budget, shall be available only for reimbursement of expenditures made from appropriations from the capital projects fund for the purpose of the smart schools bond fund, as set forth in the smart schools bond act of 2014.4. No moneys received by the state from the sale of bonds and/or notes sold pursuant to the smart schools bond act of 2014 shall be expended for any project until funds therefor have been allocated pursuant to the provisions of this section and copies of the appropriate certificates of approval filed with the chair of the senate finance committee, the chair of the assembly ways and means committee and the state comptroller.N.Y. State Fin. Law § 97-OOOO
Added by New York Laws 2014, ch. 56,Sec. C-3, eff. 11/4/2014.