New York Consolidated Laws, State Finance Law - STF § 99-l. Love your library 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 “love your library fund.”

2. Such fund shall consist of all revenues received by the department of motor vehicles pursuant to section four hundred four-v of the vehicle and traffic law, as added by chapter three hundred three of the laws of two thousand four, all the revenues received by the department of taxation and finance pursuant to sections two hundred nine-K and six hundred thirty-e of the tax law and all other moneys appropriated, credited, or transferred thereto from any other fund or source pursuant to law.

2-a. On or before the first day of February each year, the commissioner of the department of education 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. Moneys of the fund, following appropriation by the legislature shall be expended only for the purposes of providing funding for the statewide summer reading program set forth in subdivision ten of section two hundred seventy-three of the education law.  Moneys shall be paid out of the fund on the audit and warrant of the state comptroller on vouchers approved and certified by the commissioner of education.  Any interest received by the comptroller on moneys on deposit in the love your library fund shall be retained in and become part of such fund.