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N.Y. STF Law § 99-FF*2

This is the official text of N.Y. STF Law § 99-FF*2, part of New York’s STF Law — part of the compiled statutory law of New York, published by the state as "STF Law." Browse the sections below, each linked to its official government source.

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New York central business district trust fund

Official statutory text

* § 99-ff. New York central business district trust fund. 1.\nEstablishment of the fund. There is hereby established in the joint\ncustody of the state comptroller and the commissioner of taxation and\nfinance a special fund to be known as the New York central business\ndistrict trust fund. Moneys in this account shall be kept separate and\nnot commingled with any other moneys in the custody of the comptroller.\n 2. Sources of funds. The sources of funds shall consist of all moneys\ndeposited pursuant to subdivision (c) of section eleven hundred\nforty-eight of the tax law. Any interest received by the comptroller on\nmoneys on deposit shall be retained and become part of the fund, unless\notherwise directed by law.\n 3. Uses of funds. Following appropriation by the legislature, moneys\nshall be available for distribution to the central business district\ntolling capital lockbox established pursuant to section five hundred\nfifty-three-j of the public authorities law.\n * NB There are 2 § 99-ff's\n

Status: in_force · Read it on the official government site

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About this page: Statute text is reproduced from official government publishers via the Open US Law dataset (Vaquill AI, snapshot v2026.08, CC BY 4.0). Primary legislative text like this is public domain under the government-edicts doctrine (Georgia v. Public.Resource.Org, 2020). We link every section back to its official source so you can verify it independently.