§ 99-k. Child performer's holding fund. 1. There is hereby established
in the joint custody of the state comptroller and the commissioner of
taxation and finance a special revenue fund known as the "child
performer's holding fund".

2. Such fund shall consist of revenues received and interest accrued
pursuant to part seven of article seven of the estates, powers and
trusts law, and all other monies appropriated, credited, or transferred
thereto from any other fund or source pursuant to law.

3. Monies of the fund shall be distributed to the child performer upon
receipt of the child performer trust fund pursuant to part seven of
article seven of the estates, powers and trusts law. The comptroller
shall notify the commissioner of the department of labor within thirty
days of receipt of the funds and the child performer's name and last
known address. Within thirty days of receipt of the funds, the
comptroller shall give notice to the parent or guardian about funds and
the procedures to transfer funds from the comptroller to the child
performer trust fund account in the name of the child performer. Monies
not claimed shall be used solely to fund programs for the health,
education and welfare of child performers. The comptroller shall submit
a report about the child performer's holding fund to the governor, the
temporary president of the senate and the speaker of the assembly
concerning the implementation of this section.