Legislation
SECTION 90
New York state department of transportation highway safety program fund
State Finance (STF) CHAPTER 56, ARTICLE 6
§ 90. New York state department of transportation highway safety
program fund. 1. There is hereby established in the joint custody of the
commissioner of taxation and finance and the comptroller a fund to be
known as the "New York state department of transportation highway safety
program fund".
2. The fund shall consist of (a) all fines or penalties collected in
proceedings in a court or administrative tribunal which results in a
conviction for a violation of section fourteen-f or subdivision two of
section one hundred forty of the transportation law, and (b) all moneys
deposited into the fund by the commissioner of transportation resulting
from revenue contracts for parkway towing and emergency road services,
lease income, gas station net revenue, and sale of property or assets on
parkways designated in law as special parkways.
3. Moneys in the New York state department of transportation highway
safety program fund may be invested by the comptroller pursuant to the
provisions of section ninety-eight-a of this article and any income
received by the comptroller from such investments shall be added to and
become part of, and shall be used for the purposes of such fund. All
deposits of such money shall, if required by the comptroller, be secured
by obligations of the United States or of the state of market value
equal at all times to the amount of the deposit and all banks and trust
companies are authorized to give such securities for such deposits.
4. Moneys of the fund, following appropriation by the legislature,
shall be allocated upon a certificate of approval of availability by the
director of the budget solely for the purposes set forth in this
section.
5. Fifty percent of the moneys in the fund received pursuant to
section fourteen-f or subdivision two of section one hundred forty of
the transportation law shall be transferred to the general fund of the
state on or before the last day of the state's fiscal year. All other
moneys in the fund shall be made available pursuant to appropriation
for, but not limited to, administration and enforcement of the highway
safety program and related purposes, including, but not limited to, the
purchase of highway safety equipment.
program fund. 1. There is hereby established in the joint custody of the
commissioner of taxation and finance and the comptroller a fund to be
known as the "New York state department of transportation highway safety
program fund".
2. The fund shall consist of (a) all fines or penalties collected in
proceedings in a court or administrative tribunal which results in a
conviction for a violation of section fourteen-f or subdivision two of
section one hundred forty of the transportation law, and (b) all moneys
deposited into the fund by the commissioner of transportation resulting
from revenue contracts for parkway towing and emergency road services,
lease income, gas station net revenue, and sale of property or assets on
parkways designated in law as special parkways.
3. Moneys in the New York state department of transportation highway
safety program fund may be invested by the comptroller pursuant to the
provisions of section ninety-eight-a of this article and any income
received by the comptroller from such investments shall be added to and
become part of, and shall be used for the purposes of such fund. All
deposits of such money shall, if required by the comptroller, be secured
by obligations of the United States or of the state of market value
equal at all times to the amount of the deposit and all banks and trust
companies are authorized to give such securities for such deposits.
4. Moneys of the fund, following appropriation by the legislature,
shall be allocated upon a certificate of approval of availability by the
director of the budget solely for the purposes set forth in this
section.
5. Fifty percent of the moneys in the fund received pursuant to
section fourteen-f or subdivision two of section one hundred forty of
the transportation law shall be transferred to the general fund of the
state on or before the last day of the state's fiscal year. All other
moneys in the fund shall be made available pursuant to appropriation
for, but not limited to, administration and enforcement of the highway
safety program and related purposes, including, but not limited to, the
purchase of highway safety equipment.