5. The State Treasurer, after consultation with the Commissioner of Community Affairs, shall have the authority to apply State funds otherwise available to State departments, agencies or instrumentalities for the purpose of securing compliance with the requirements established pursuant to P.L.2000, c.56 (C. 52:27D-198.7 et al.). The State Treasurer shall also determine the allocation of moneys to be deposited into the “Dormitory Safety Trust Fund” established pursuant to section 6 of P.L.2000, c.56 (C. 18A:72A-12.6) resulting from the retirement of bonds previously issued for deposit to the “Dormitory Safety Trust Fund” by the New Jersey educational facilities authority.

L.2000,c.56,s.5.