NY A03579

Establishes the volunteer fire departments capital fund within the Office of Fire Prevention and Control to provide grants to volunteer fire departments across New York State

Appropriates $100,000,000 from the general fund to the Office of Fire Prevention and Control to capitalize the fund

Grants will be awarded through an application process approved by the office and the comptroller, with eligible uses determined by the office

The office must maintain records of all transactions and report quarterly to the comptroller on receipts, disbursements, investment income, and fund balances

Fund monies must be invested according to comptroller guidelines, with all investment income credited back to the capital fund for grant purposes