§ 97-gg. Division for youth facilities improvement fund. 1. There is
hereby established in the joint custody of the state comptroller and the
commissioner of taxation and finance a fund to be known as the "division
for youth facilities improvement fund". Such fund shall consist of the
proceeds from the issuance of bonds and notes by the urban development
corporation authorized pursuant to the chapter of the laws of nineteen
hundred ninety which enacted this section and all other moneys
appropriated, credited or transferred thereto from any other fund or
source pursuant to law. Moneys within the division for youth facilities
improvement fund shall be held solely for the benefit of the division
for youth.

2. All moneys in the division for youth facilities improvement fund
shall be made available to the division for youth pursuant to an annual
appropriation or appropriations.