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This entry was published on 2018-10-05
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SECTION 99-BB*3
New York state secure choice administrative fund
State Finance (STF) CHAPTER 56, ARTICLE 6
* § 99-bb. New York state secure choice administrative fund. 1. There
is hereby established within the joint custody of the commissioner of
taxation and finance and the state comptroller in consultation with the
New York state secure choice savings program board, a new fund to be
known as the New York state secure choice administrative fund.

2. The New York state secure choice savings program board shall use
moneys in the administrative fund to pay for administrative expenses it
incurs in the performance of its duties under the New York state secure
choice savings program pursuant to article forty-three of the general
business law.

3. The New York state secure choice savings program board shall use
moneys in the administrative fund to cover start-up administrative
expenses it incurs in the performance of its duties under article
forty-three of the general business law.

4. The administrative fund may receive any grants or other moneys
designated for administrative purposes from the state, or any unit of
federal or local government, or any other person, firm, partnership, or
corporation. Any interest earnings that are attributable to moneys in
the administrative fund must be deposited into the administrative fund.

* NB There are 5 § 99-bb's