Section 99-HH - [Multiple versions] Public health emergency charitable gifts trust fund1. There is hereby established in the joint custody of the commissioner of taxation and finance and the state comptroller a special fund to be known as the "public health emergency charitable gifts trust fund".2. The public health emergency charitable gifts trust fund shall consist of monetary grants, gifts or bequests received by the state for the purposes of the fund, and all other moneys credited or transferred thereto from any other fund or source. Moneys of such fund shall be expended only for goods and services necessary to respond to a public health disaster emergency or to assist or aid in responding to such a disaster. Nothing in this section shall prevent the state from soliciting and receiving grants, gifts or bequests for the purposes of such fund and depositing them into the fund according to law.3. Moneys in such fund shall be kept separate from and shall not be commingled with any other moneys in the custody of the comptroller or the commissioner of taxation and finance. Any moneys of the fund not required for immediate use may, at the discretion of the comptroller, in consultation with the director of the budget, be invested by the comptroller in obligations of the United States or the state, or in obligations the principal and interest on which are guaranteed by the United States or by the state. Any income earned by the investment of such moneys shall be added to and become a part of, and shall be used for the purposes of such fund.N.Y. State Fin. Law § 99-HH
Added by New York Laws 2020, ch. 56,Sec. JJ-52-a, eff. 4/3/2020, op. 4/1/2020.