§ 74. Transportation infrastructure renewal fund. 1. There is hereby\nestablished in the joint custody of the state comptroller and the\ncommissioner of taxation and finance a special fund, to be known as the\n"transportation infrastructure renewal fund".\n 2. The comptroller shall establish three separate and distinct\naccounts within the transportation infrastructure renewal fund: (a) the\nhighway, parkway and bridge account; (b) the ports and waterways\naccount; and (c) the transit, rail and aviation account.\n 3. All moneys received by the state from the sale of bonds or notes\nfor the purposes enumerated in paragraph a of subdivision three of\nsection one of a chapter of the laws of nineteen hundred eighty-three\nenacting and constituting the Rebuild New York Through Transportation\nInfrastructure Renewal Bond Act of 1983 shall be deposited by the\ncomptroller in the highway, parkway and bridge account established by\nthe comptroller pursuant to the provisions of subdivision two of this\nsection.\n 4. All moneys received by the state from the sale of bonds or notes\nfor the purposes enumerated in paragraph b of subdivision three of\nsection one of a chapter of the laws of nineteen hundred eighty-three\nenacting and constituting the Rebuild New York Through Transportation\nInfrastructure Renewal Bond Act of 1983 shall be deposited by the\ncomptroller in the ports and waterways account established by the\ncomptroller pursuant to the provisions of subdivision two of this\nsection.\n 5. All moneys received by the state from the sale of bonds or notes\nfor the purposes enumerated in paragraph c of subdivision three of\nsection one of a chapter of the laws of nineteen hundred eighty-three\nenacting and constituting the Rebuild New York Through Transportation\nInfrastructure Renewal Bond Act of 1983 shall be deposited by the\ncomptroller in the transit, rail and aviation account established by the\ncomptroller pursuant to the provisions of subdivision two of this\nsection.\n 6. Moneys in any account of this fund, following appropriation by the\nlegislature and allocation by the director of the budget, shall be\navailable only for reimbursement of expenditures made from\nappropriations from the capital projects fund for the purposes of such\nfund, as set forth in the Rebuild New York Through Transportation\nInfrastructure Renewal Bond Act of 1983.\n
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