New York Consolidated Laws, State Finance Law - STF § 99-oo. Pharmacy benefit manager regulatory 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 “pharmacy benefit manager (PBM) regulatory fund”.

2. Money allocated to the PBM regulatory fund shall be kept separate and shall not be commingled with any other funds in the custody of the state comptroller.

3. Such fund shall consist of money received by the state as fees under article twenty-nine of the insurance law or penalties ordered under article twenty-nine of the insurance law and all other monies appropriated, credited, or transferred thereto from any other fund or source pursuant to law.  All monies shall remain in such fund unless and until directed by statute or appropriation.