§ 97-hh. Tuition reimbursement fund. 1. There is hereby established in\nthe joint custody of the comptroller and the commissioner of taxation\nand finance a fund to be known as the "tuition reimbursement fund".\n 2. There is hereby established in the joint custody of the comptroller\nand the commissioner of taxation and finance two accounts of the tuition\nreimbursement fund to be known as:\n (a) the "tuition reimbursement account": for reimbursement of tuition\nto certain students of proprietary vocational schools pursuant to\narticle one hundred one of the education law; and\n (b) the "proprietary vocational school supervision account": for\nservices and expenses related to the supervision of proprietary\nvocational schools pursuant to article one hundred one of the education\nlaw.\n 3. (a) Notwithstanding any other law, rule, or regulation to the\ncontrary, the state comptroller is hereby authorized and directed to\nreceive for deposit to the credit of the accounts established in\nsubdivision two of this section moneys collected pursuant to article one\nhundred one of the education law including, but not limited to, all\nfees, assessments, penalties, fines, and settlements relating to the\nsupervision of proprietary vocational schools received after April\nfirst, nineteen hundred ninety pursuant to such article and all other\nmoneys credited or transferred to such accounts from any other fund or\nsource pursuant to law.\n (b) The comptroller is hereby authorized and directed to permit\ninterest earnings on any account balances on accounts established in\nsubdivision two of this section to accrue to the benefit of each of the\naccounts.\n 4. Monies of the accounts established in subdivision two of this\nsection, following appropriation by the legislature, shall be available\nto the education department and may be expended pursuant to article one\nhundred one of the education law. Monies shall be paid out of such\naccounts on the audit and warrant of the state comptroller pursuant to\nsuch article.\n
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