§ 1601. Statement of purpose. This article is enacted to implement the
amendment of section nine of article one of the state constitution, as
approved by the vote of the people in the general election of November,
nineteen hundred sixty-six, and to carry out the mandate thereof by
establishing a lottery to be operated by the state, the net proceeds of
which, for the fiscal year commencing April first, nineteen hundred
seventy-six only, are to be applied exclusively for the purpose of
providing aid to pupils with special educational needs and pupils with
handicapping conditions. Thereafter, such net proceeds shall be applied
for the purpose of providing supplemental aid to all school children
pursuant to subdivision four of section ninety-two-c of the state
finance law so as to hold harmless those programs from any reduction
during the next fiscal year and so as to ensure that thereafter, subject
to the provisions of paragraph (v) of subdivision three and subdivision
five of section ninety-two-c of the state finance law and section four
hundred ninety-five-a of article ten-C of the education law, all
increases from the proceeds of the lottery shall be dedicated as
increases in the funds available for the purpose of this act.