N.Y. STF Law § 92-Q*2

* § 92-q. The institute for the Hudson River Collection fund. 1. There\nis hereby established in the custody of the state comptroller and the\ncommissioner of taxation and finance a fund to be known as the\n"Institute for the Hudson River Collection fund." The Institute for the\nHudson River Collection shall administer the Institute for the Hudson\nRiver Collection fund.\n 2. a. The Institute shall have the power to receive any moneys and\nproperty from any source. It shall distribute funds as grants and\ncontracts to not-for-profit tax exempt entities for the purpose of\nestablishing, maintaining and furthering the cultural and artistic\ninterests of the Hudson river area.\n b. No less than seventy-five percent of the total funds distributed in\nany fiscal year shall be allocated to not-for-profit tax-exempt\nproviders for the purpose of establishing, maintaining and furthering\nthe cultural and artistic interests of the Hudson river area.\n c. The remaining funds shall be allocated for services and expenses of\nthe Institute for the Hudson River Collection.\n d. The Institute shall adopt rules and regulations for the\nadministration of the fund to carry out the purpose and provisions of\nthis section and of article ten of the arts and cultural affairs law.\nSuch regulations shall be adopted in accordance with article two of the\nstate administrative procedure act.\n e. The Institute may employ and remove such personnel as it may deem\nnecessary for the performance of its functions and fix their\ncompensation within the amounts made available therefor and may allocate\nfunds for the actual and necessary nonpersonnel administrative costs of\nthe Institute. No more than ten percent of the funds available in any\nfiscal year shall be spent on personnel and related services, and on\nnecessary nonpersonnel administrative costs of the Institute.\n 3. Moneys of the fund, following appropriation by the legislature, may\nbe expended for the purposes described in subdivision two of this\nsection. Moneys shall be paid out of the fund on the audit and warrant\nof the state comptroller on vouchers certified or approved by the\ncommissioner of the state education department.\n * NB There are 2 § 92-q's\n