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New York State Finance - Article 6 - § 97-NN*3

Legal Research Home > New York Laws > New York State Finance (STF) > New York State Finance - Article 6 - § 97-NN*3

 
    § 97-nn. "I love NY waterways" fund. 1. 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  "I  love  NY
  waterways" fund.
    2.  The  "I love NY waterways" fund shall consist of two accounts: (a)
  the "I love NY waterways" boating safety account; and (b) the "I love NY
  waterways" vessel access account. Moneys in each account shall  be  kept
  separate and not commingled with any other moneys of the state.
    3.  The  "I love NY waterways" boating safety account shall consist of
  the revenues required to be deposited  pursuant  to  the  provisions  of
  sections  seventy-eight  and  two hundred one of the navigation law, and
  all other moneys credited or transferred thereto from any other fund  or
  source pursuant to law and shall be available for the administration and
  enforcement of the boating safety program including payments to counties
  for  expenditures  incurred  in  connection  with such county's waterway
  boating  safety  program  pursuant  to  section  seventy-nine-b  of  the
  navigation  law, including costs and expenses incidental and appurtenant
  thereto.
    4. The "I love NY waterways" vessel access account  shall  consist  of
  the revenues derived from the vessel access surcharge collected upon the
  registration of vessels pursuant to section twenty-two hundred fifty-one
  of  the vehicle and traffic law and shall be available for the creation,
  enhancement or maintenance of state or municipal facilities or  services
  to  provide boating access to the waters of the state, provided that the
  state share of the cost of any project for the creation, enhancement  or
  maintenance  of  municipal facilities or services shall not exceed fifty
  percent of such cost.
    5. The moneys in such fund shall be paid out as  appropriated  by  the
  legislature.  No  moneys in the "I love NY waterways" fund shall be paid
  except upon the audit and warrant of the state comptroller  on  vouchers
  certified   by  the  commissioner  of  parks,  recreation  and  historic
  preservation.

Last modified: February 18, 2012