§ 99-kk. New York state community grants reinvestment fund. 1. There
is hereby established in the joint custody of the state comptroller and
the commissioner of taxation and finance a special fund to be known as
the "New York state community grants reinvestment fund".

2. Such fund shall consist of all revenues received pursuant to the
provisions of section ninety-nine-ii of this article and all other
moneys credited or transferred thereto from any other fund or source
pursuant to law. Nothing contained in this section shall prevent the
state from receiving grants, gifts or bequests for the purposes of the
fund as defined in this section and depositing them into the fund
according to law.

3. The fund shall be governed and administered by the state cannabis
advisory board as set out under article two of the cannabis law.

4. The moneys in such fund shall be awarded by the state cannabis
advisory board and administered and disbursed by the office of cannabis
management and/or the urban development corporation to provide grants
for qualified community-based nonprofit organizations and approved local
government entities for the purpose of reinvesting in communities
disproportionately affected by past federal and state drug policies.
Such grants shall be used, including but not limited to, to support job
placement, job skills services, adult education, mental health
treatment, substance use disorder treatment, housing, financial
literacy, community banking, nutrition services, services to address
adverse childhood experiences, afterschool and child care services,
system navigation services, legal services to address barriers to
reentry, including, but not limited to, providing representation and
related assistance with expungement, vacatur, substitution and
resentencing of marihuana-related convictions, and linkages to medical
care, women's health services and other community-based supportive
services. The grants from this program may also be used to further
support the social and economic equity program created by article four
of the cannabis law and as established by the cannabis control board.

5. On or before the first day of February each year, the office of
cannabis management shall provide a written report to the temporary
president of the senate, speaker of the assembly, chair of the senate
finance committee, chair of the assembly ways and means committee, chair
of the senate committee on children and families, chair of the assembly
children and families committee, chair of the senate committee on labor,
chair of the assembly labor committee, chair of the senate committee on
health, chair of the assembly health committee, chair of the senate
committee on education, chair of the assembly education committee, the
state comptroller and the public. Such report shall detail how the
monies of the fund were utilized during the preceding calendar year, and
shall include:

(a) the amount of money available and dispersed from the fund and the
award process used for such disbursements;

(b) recipients of awards from the fund;

(c) the amount awarded to each recipient of an award from the fund;

(d) the purposes for which such awards were granted; and

(e) a summary financial plan for such monies which shall include
estimates of all receipts and all disbursements for the current and
succeeding fiscal years, along with the actual results from the prior
fiscal year.

6. Moneys shall be payable from the fund on the audit and warrant of
the comptroller on vouchers approved and certified by the office of
cannabis management.