N.Y. STF Law § 92-GG

* § 92-gg. Charitable gifts trust fund. 1. There is hereby established\nin the joint custody of the commissioner of taxation and finance and the\nstate comptroller a special fund pursuant to section eleven of this\nchapter to be known as the "charitable gifts trust fund".\n 2. Moneys in the charitable gifts trust fund shall be kept separate\nfrom and shall not be commingled with any other moneys in the custody of\nthe comptroller or the commissioner of taxation and finance. Provided,\nhowever that any moneys of the fund not required for immediate use may,\nat the discretion of the comptroller, in consultation with the director\nof the budget, be invested by the comptroller in obligations of the\nUnited States or the state. The proceeds of any such investment shall be\nretained by the fund as assets to be used for purposes of the fund.\n 3. Except as set forth in subdivisions two and four of this section,\nno moneys from the charitable gifts trust fund shall be transferred to\nany other fund, nor shall moneys from the fund be used to make payments\nfor any purpose other than the purposes set forth in subdivisions two\nand four of this section.\n 4. The charitable gifts trust fund shall have two separate and\ndistinct accounts, as set forth in paragraphs a and b of this\nsubdivision. Moneys in each of the accounts shall be kept separate from\nand shall not be commingled with any other moneys of any other account\nwithin the fund.\n a. The "health charitable account" shall consist of monetary grants,\ngifts or bequests received by the state, and all other moneys credited\nor transferred thereto from any other fund or source. Moneys of such\naccount shall only be expended for the support of services relating to\nprimary, preventive, and inpatient health care, dental and vision care,\nhunger prevention and nutritional assistance, and other services for New\nYork state residents with the overall goal of ensuring that New York\nstate residents have access to quality health care and other related\nservices.\n b. The "elementary and secondary education charitable account" shall\nconsist of monetary grants, gifts or bequests received by the state for\nthe support of elementary and secondary education of children enrolled\nin public school districts in the state and all other moneys credited or\ntransferred thereto from any other fund or source. Moneys of such\naccount shall only be expended for the provision of elementary and\nsecondary education of children in the state.\n * NB There are 2 § 92-gg's\n