§ 97-hh. Tuition reimbursement fund. 1. There is hereby established in
the joint custody of the comptroller and the commissioner of taxation
and finance a fund to be known as the "tuition reimbursement fund".

2. There is hereby established in the joint custody of the comptroller
and the commissioner of taxation and finance two accounts of the tuition
reimbursement fund to be known as:

(a) the "tuition reimbursement account": for reimbursement of tuition
to certain students of proprietary vocational schools pursuant to
article one hundred one of the education law; and

(b) the "proprietary vocational school supervision account": for
services and expenses related to the supervision of proprietary
vocational schools pursuant to article one hundred one of the education
law.

3. (a) Notwithstanding any other law, rule, or regulation to the
contrary, the state comptroller is hereby authorized and directed to
receive for deposit to the credit of the accounts established in
subdivision two of this section moneys collected pursuant to article one
hundred one of the education law including, but not limited to, all
fees, assessments, penalties, fines, and settlements relating to the
supervision of proprietary vocational schools received after April
first, nineteen hundred ninety pursuant to such article and all other
moneys credited or transferred to such accounts from any other fund or
source pursuant to law.

(b) The comptroller is hereby authorized and directed to permit
interest earnings on any account balances on accounts established in
subdivision two of this section to accrue to the benefit of each of the
accounts.

4. Monies of the accounts established in subdivision two of this
section, following appropriation by the legislature, shall be available
to the education department and may be expended pursuant to article one
hundred one of the education law. Monies shall be paid out of such
accounts on the audit and warrant of the state comptroller pursuant to
such article.