§ 87-f. Appropriations to the state insurance fund. 1.
Notwithstanding any other provision of law, the state insurance fund,
hereinafter referred to as the fund, and all state officers with
responsibility for the custody or investment of such fund or of its
assets, shall annually, no later than November first in each year,
submit to the director of the budget the fund's request for an
appropriation of one billion sixty-five million dollars. The governor
shall include such amount in a budget bill for the next state fiscal
year. The state comptroller shall encumber the amount so appropriated
before the end of the fiscal year for which any such appropriation is
made. If for any fiscal year commencing on or after April first,
nineteen hundred eighty-three, the governor fails to submit a budget
bill containing an appropriation in the amount requested by the fund or
the legislature fails to appropriate the amount in a budget bill
submitted by the governor for such fiscal year, the amount appropriated
for and encumbered during the preceding fiscal year shall be payable
forthwith to the fund on the first day of July of such year in the
manner prescribed by law, provided, however, that such amount shall not
exceed the amount of moneys transferred to the general fund, the note
repayment account or the capital projects fund by the fund pursuant to
the provisions of chapter fifty-five of the laws of nineteen hundred
eighty-two, chapter twenty-eight of the laws of nineteen hundred
eighty-six, chapter forty-seven of the laws of nineteen hundred
eighty-seven and chapter seven of the laws of nineteen hundred
eighty-nine.

2. Notwithstanding any other provision of law, the fund and all state
officers with responsibility for the custody or investment of such fund
or of its assets shall annually, no later than November first in each
year, submit to the director of the budget the fund's additional request
for an appropriation of two hundred thirty million dollars and the
governor shall include such additional amount in a budget bill for the
next state fiscal year. The state comptroller shall encumber the amount
so appropriated before the end of the fiscal year for which any such
appropriation is made. If for any fiscal year commencing on or after
April first, nineteen hundred ninety the governor fails to submit a
budget bill containing an appropriation in the amount requested by the
fund or the legislature fails to appropriate the amount in a budget bill
submitted by the governor for such fiscal year, the amount appropriated
for and encumbered during the preceding fiscal year shall be payable
forthwith to the fund on the first day of July of such year in the
manner prescribed by law, provided, however, that such amount shall not
exceed the amount of moneys transferred to the general fund or the note
repayment account by the fund pursuant to the provisions of a chapter of
the laws of nineteen hundred ninety entitled "AN ACT to authorize and
direct the transfer of hazardous waste remedial fund industry fee
transfer account balances and receipts to the general fund; to amend the
state finance law, in relation to industry fee surcharges and the
calculations relating thereto, to authorize the transfer of state
insurance fund balances to the general fund; to amend the workers'
compensation law, in relation to the provision of appropriations by the
state for the maintenance of reserves of the state insurance fund; and
making appropriations relating thereto".

3. It is hereby found and declared that any appropriations made as
provided for in subdivision one or two of this section shall be deemed
admitted assets of the state insurance fund, and that any transfer of
moneys by the fund to the general fund, the note repayment account or
the capital projects fund in accordance with the provisions of chapter
fifty-five of the laws of nineteen hundred eighty-two, chapter
twenty-eight of the laws of nineteen hundred eighty-six, chapter
forty-seven of the laws of nineteen hundred eighty-seven, chapter seven
of the laws of nineteen hundred eighty-nine or a chapter of the laws of
nineteen hundred ninety entitled "AN ACT to authorize and direct the
transfer of hazardous waste remedial fund industry fee transfer account
balances and receipts to the general fund; to amend the state finance
law, in relation to industry fee surcharges and the calculations
relating thereto, to authorize the transfer of state insurance fund
balances to the general fund; to amend the workers' compensation law, in
relation to the provision of appropriations by the state for the
maintenance of reserves of the state insurance fund; and making
appropriations relating thereto" is deemed a proper and prudent legal
undertaking for any state officer with the responsibility for the
custody or the investment of the assets of the fund, notwithstanding any
other provision of law to the contrary.