99-G - Air pollution mitigation fund.
§ 99-g. Air pollution mitigation fund. 1. There is hereby established in the joint custody of the comptroller and the New York state energy research and development authority a special fund to be known as the "air pollution mitigation fund". 2. Such fund shall consist of all moneys collected by the public service commission as an air pollution mitigation offset pursuant to subdivision two of section sixty-six-k of the public service law. Any interest earned by the investment of moneys in such fund shall be added to such fund, become a part of such fund, and be used for the purpose of such fund. 3. Moneys of such fund shall be available to the New York state energy research and development authority for the purposes of carrying out the provisions of subdivision ten-a of section eighteen hundred fifty-four of the public authorities law. 4. The moneys of the fund shall be paid out on the audit and warrant of the comptroller on vouchers certified or approved by the chair of the New York state energy research and development authority. 5. The chair of the New York state energy research and development authority shall establish guidelines pertaining to the allocation of moneys from this fund.