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N.Y. State Fin. Law § 97-vvv

Universal prekindergarten reserve fund

2014-09-22

§ 97-vvv. Universal prekindergarten reserve fund. 1. There is hereby\nestablished in the joint custody of the comptroller and the commissioner\nof taxation and finance a fund, to be known as the "universal\nprekindergarten reserve fund".\n 2. Such fund shall consist of moneys transferred from the general fund\npursuant to paragraph f of subdivision ten of section thirty-six hundred\ntwo-e of the education law on behalf of school districts eligible to\nreceive funds pursuant to such section which do not provide a universal\nprekindergarten program or do not serve all aidable pupils in the\ncurrent school year. School districts reserving moneys within this fund\nshall access such moneys for use in providing a universal\nprekindergarten program pursuant to section thirty-six hundred two-e of\nthe education law based upon a plan approved by the commissioner of\neducation and the director of the budget. Notwithstanding any provision\nof law to the contrary, any funds remaining on deposit in the universal\nprekindergarten fund as of September fifteenth, two thousand two shall\nbe transferred to the general fund.\n

Official source: NYS Open Legislation (New York State Senate). Reproduced from public-domain New York statutes; confirm against the official source for the current text. Not legal advice.