* § 97-eeee. Rebuild and renew New York transportation bond fund. 1.
There is hereby established in the joint custody of the state
comptroller and the commissioner of taxation and finance a special fund
to be known as the "rebuild and renew New York transportation bond
fund."

2. The comptroller shall establish at least two separate and distinct
accounts within the rebuild and renew New York transportation bond fund
as follows, which shall include the following: (a) an account containing
all moneys received by the state from the sale of bonds and/or notes for
uses eligible pursuant to subdivision a of section four of the rebuild
and renew New York transportation bond act of two thousand five, enacted
by a chapter of the laws of two thousand five; and (b) an account
containing all moneys received by the state from the sale of bonds
and/or notes for uses eligible pursuant to subdivision b of section four
of the rebuild and renew New York transportation bond act of two
thousand five, enacted by a chapter of the laws of two thousand five.

3. Moneys in any account of this fund, following appropriation by the
legislature and allocation by the director of the budget, shall be
available only for reimbursement of expenditures made from
appropriations from the capital projects fund for the purpose of the
rebuild and renew New York transportation bond fund, as set forth in the
rebuild and renew New York transportation bond act of two thousand five.

4. No moneys received by the state from the sale of bonds and/or notes
sold pursuant to the rebuild and renew New York transportation bond act
of two thousand five shall be expended for any project until funds
therefor have been allocated pursuant to the provisions of this section
and copies of the appropriate certificates of approval filed with the
chair of the senate finance committee, the chair of the assembly ways
and means committee and the state comptroller.

* NB There are 3 § 97-eeee's