New York § 97-D - 97-DEnvironmental quality bond act fund

§ 97-D. 97-DEnvironmental quality bond act fund

§ 97-d. Environmental quality bond act fund. 1. There is hereby established in the custody of the state comptroller and the commissioner of taxation and finance a special fund, to be known as the "environmental quality bond act fund". 2. The comptroller shall establish two separate and distinct accounts within the environmental quality bond act fund; (a) hazardous waste remediation and municipal solid waste landfill closure account; and (b) forest preserve, historic preservation, municipal park and environmentally sensitive lands account. 3. All moneys received by the state from the sale of bonds or notes for the purpose stated in paragraph a of section four of the environmental quality bond act of nineteen hundred eighty-six shall be deposited by the comptroller in the hazardous waste remediation and municipal solid waste landfill closure account established by the comptroller pursuant to the provisions of subdivision two of this section. 4. All moneys received by the state from the sale of bonds or notes for the purpose stated in paragraph b of section four of the environmental quality bond act of nineteen hundred eighty-six shall be deposited by the comptroller in the forest preserve, historic preservation, municipal park and environmentally sensitive lands account established by the comptroller pursuant to the provisions of subdivision two of this section. 5. Moneys in any account of this fund, following appropriation by the legislature and allocation by the director of the budget, shall be available only for the reimbursement of expenditures made from appropriations from the capital projects fund for the purpose as set forth in the environmental quality bond act of nineteen hundred eighty-six.