* § 99-d. City university stabilization account. 1. There is hereby
established in the joint custody of the state comptroller and the
commissioner of taxation and finance an account to be known as the city
university stabilization account.

2. Such account shall consist of any and all unexpended and
unencumbered moneys in the fiduciary fund appropriated for the city
university of New York senior colleges, net of reductions for
deficiencies in tuition and fee collections as determined by the
director of the budget, available as of the last day of the city
university fiscal year as reduced pursuant to section six thousand two
hundred twenty-one of the education law to reflect any aggregate amount
established by the director of the budget less than the amount
appropriated. Such moneys shall be transferred by the state comptroller
into the stabilization account on or before the next fifteenth day of
September succeeding the last day of the city university fiscal year.

3. Moneys of the account shall only be available to the city
university of New York and following appropriation by the legislature,
shall be credited to the senior colleges and/or central administration
stabilization subaccounts from which the savings were achieved.
Notwithstanding section forty of this chapter, section six thousand two
hundred twenty-one of the education law or any other law to the
contrary, all appropriations made from this account to the city
university of New York shall remain in full force and effect for two
years from the effective date of the chapter in which the appropriations
were made. Moneys shall be paid out of the account on the audit and
warrant of the state comptroller on vouchers certified or approved by
the chancellor of the city university of New York or his or her
designee.

* NB There are 2 § 99-d's