§ 95-b. The New York state "drive out diabetes research and education fund". 1. There is hereby established in the joint custody of the commissioner of taxation and finance and the comptroller, a special fund to be known as the New York state "drive out diabetes research and education fund".

Terms Used In N.Y. State Finance Law 95-B

  • Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.

2. Such fund shall consist of all revenues received pursuant to the provisions of § 404-s of the vehicle and traffic law and all other moneys appropriated, credited, or transferred thereto from any other fund or source pursuant to law. Nothing contained herein shall prevent the state from receiving grants, gifts or bequests for the purposes of the fund as defined in this section and depositing them into the fund according to law.

3. Monies of the fund shall be expended only for diabetes research and education projects. As used in this section, "diabetes research and education projects" means scientific research or educational projects which, pursuant to Article 27-H of the public health law as redesignated by chapter five hundred eighty-four of the laws of nineteen hundred eighty-eight, are approved by the department of health.

4. Monies shall be payable from the fund on the audit and warrant of the comptroller on vouchers approved and certified by the commissioner of health.

5. To the extent practicable, the commissioner of health shall ensure that all monies received during a fiscal year are expended prior to the end of that fiscal year.

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