§ 96. The World Trade Center memorial scholarship fund. 1. There is
hereby established, in the joint custody of the commissioner of taxation
and finance and the comptroller, a special fund to be known as the World
Trade Center memorial scholarship fund.

2. Such fund shall consist of all revenues received pursuant to the
provisions of section four hundred four-ee of the vehicle and traffic
law and all other moneys appropriated, credited, or transferred thereto
from any other fund or source pursuant to law. Nothing contained in this
section 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.

3. Monies of the fund shall be expended only for scholarships awarded
pursuant to sections six hundred eight and six hundred sixty-eight-d of
the education law.

4. Monies shall be payable from the fund on the audit and warrant of
the comptroller on vouchers approved and certified by the commissioner
of education.

5. To the extent possible, the commissioner of education shall ensure
that all monies received during a fiscal year are expended prior to the
end of that fiscal year.