Legislation
SECTION 92-Q*2
The institute for the Hudson River Collection fund
State Finance (STF) CHAPTER 56, ARTICLE 6
* § 92-q. The institute for the Hudson River Collection fund. 1. There
is hereby established in the custody of the state comptroller and the
commissioner of taxation and finance a fund to be known as the
"Institute for the Hudson River Collection fund." The Institute for the
Hudson River Collection shall administer the Institute for the Hudson
River Collection fund.
2. a. The Institute shall have the power to receive any moneys and
property from any source. It shall distribute funds as grants and
contracts to not-for-profit tax exempt entities for the purpose of
establishing, maintaining and furthering the cultural and artistic
interests of the Hudson river area.
b. No less than seventy-five percent of the total funds distributed in
any fiscal year shall be allocated to not-for-profit tax-exempt
providers for the purpose of establishing, maintaining and furthering
the cultural and artistic interests of the Hudson river area.
c. The remaining funds shall be allocated for services and expenses of
the Institute for the Hudson River Collection.
d. The Institute shall adopt rules and regulations for the
administration of the fund to carry out the purpose and provisions of
this section and of article ten of the arts and cultural affairs law.
Such regulations shall be adopted in accordance with article two of the
state administrative procedure act.
e. The Institute may employ and remove such personnel as it may deem
necessary for the performance of its functions and fix their
compensation within the amounts made available therefor and may allocate
funds for the actual and necessary nonpersonnel administrative costs of
the Institute. No more than ten percent of the funds available in any
fiscal year shall be spent on personnel and related services, and on
necessary nonpersonnel administrative costs of the Institute.
3. Moneys of the fund, following appropriation by the legislature, may
be expended for the purposes described in subdivision two of this
section. Moneys shall be paid out of the fund on the audit and warrant
of the state comptroller on vouchers certified or approved by the
commissioner of the state education department.
* NB There are 2 § 92-q's
is hereby established in the custody of the state comptroller and the
commissioner of taxation and finance a fund to be known as the
"Institute for the Hudson River Collection fund." The Institute for the
Hudson River Collection shall administer the Institute for the Hudson
River Collection fund.
2. a. The Institute shall have the power to receive any moneys and
property from any source. It shall distribute funds as grants and
contracts to not-for-profit tax exempt entities for the purpose of
establishing, maintaining and furthering the cultural and artistic
interests of the Hudson river area.
b. No less than seventy-five percent of the total funds distributed in
any fiscal year shall be allocated to not-for-profit tax-exempt
providers for the purpose of establishing, maintaining and furthering
the cultural and artistic interests of the Hudson river area.
c. The remaining funds shall be allocated for services and expenses of
the Institute for the Hudson River Collection.
d. The Institute shall adopt rules and regulations for the
administration of the fund to carry out the purpose and provisions of
this section and of article ten of the arts and cultural affairs law.
Such regulations shall be adopted in accordance with article two of the
state administrative procedure act.
e. The Institute may employ and remove such personnel as it may deem
necessary for the performance of its functions and fix their
compensation within the amounts made available therefor and may allocate
funds for the actual and necessary nonpersonnel administrative costs of
the Institute. No more than ten percent of the funds available in any
fiscal year shall be spent on personnel and related services, and on
necessary nonpersonnel administrative costs of the Institute.
3. Moneys of the fund, following appropriation by the legislature, may
be expended for the purposes described in subdivision two of this
section. Moneys shall be paid out of the fund on the audit and warrant
of the state comptroller on vouchers certified or approved by the
commissioner of the state education department.
* NB There are 2 § 92-q's