§ 79. World Trade Center memorial foundation fund. 1. There is hereby
established in the sole custody of the commissioner of taxation and
finance a special fund to be known as the "World Trade Center memorial
foundation fund". Monies in the fund shall be kept separate from and not
commingled with other funds held in the sole custody of the commissioner
of taxation and finance.

2. Such fund shall consist of all revenues received by the department
of taxation and finance pursuant to the provisions of sections two
hundred nine-F and six hundred thirty-a of the tax law and all other
money appropriated, credited, or transferred thereto from any other fund
or source pursuant to law. Nothing contained herein shall prevent the
state from receiving grants, gifts or bequests for the purposes of the
fund as defined in this section and depositing them into the fund
according to law.

2-a. On or before the first day of February each year, the chairman of
the board of directors of the World Trade Center memorial foundation
shall provide a written report to the temporary president of the senate,
speaker of the assembly, chair of the senate finance committee, chair of
the assembly ways and means committee, the state comptroller and the
public. Such report shall include how the monies of the fund were
utilized during the preceding calendar year, and shall include:

(i) the amount of money dispersed from the fund and the award process
used for such disbursements;

(ii) recipients of awards from the fund;

(iii) the amount awarded to each;

(iv) the purposes for which such awards were granted; and

(v) a summary financial plan for such monies which shall include
estimates of all receipts and all disbursements for the current and
succeeding fiscal years, along with the actual results from the prior
fiscal year.

3. Monies of the fund shall be expended only for costs associated with
the construction, installation and operation of the World Trade Center
memorial. Monies shall be payable from the fund by the commissioner of
taxation and finance on vouchers approved by the chairman of the board
of directors of the World Trade Center memorial foundation.