New York Consolidated Laws, State Finance Law - STF § 79. World Trade Center memorial foundation fund

1. There is hereby established in the sole custody of the commissioner of taxation and finance a special fund to be known as the “World Trade Center memorial foundation fund”.  Monies in the fund shall be kept separate from and not commingled with other funds held in the sole custody of the commissioner of taxation and finance.

2. Such fund shall consist of all revenues received by the department of taxation and finance pursuant to the provisions of sections two hundred nine-F and six hundred thirty-a of the tax law and all other money appropriated, credited, or transferred thereto from any other fund or source pursuant to law.  Nothing contained herein 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.

2-a. On or before the first day of February each year, the chairman of the board of directors of the World Trade Center memorial foundation 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, the state comptroller and the public.  Such report shall include how the monies of the fund were utilized during the preceding calendar year, and shall include:

3. Monies of the fund shall be expended only for costs associated with the construction, installation and operation of the World Trade Center memorial.  Monies shall be payable from the fund by the commissioner of taxation and finance on vouchers approved by the chairman of the board of directors of the World Trade Center memorial foundation.