The moneys received by the state from the sale of bonds pursuant to the environmental quality bond act of nineteen hundred eighty-six shall be expended in the following amounts pursuant to appropriations and as specifically provided for in titles three, seven and nine of this article, and title five of article fifty-four of this chapter:

1. For remediation of hazardous waste sites, as set forth in title three of this article and for the closure of municipal landfills, as set forth in title five of article fifty-four of this chapter, one billion two hundred million dollars of which: (i) up to one hundred million dollars shall be made available for state assistance payments toward the cost of the closure of municipal landfills, as set forth in title five of article fifty-four of this chapter; and (ii) up to one hundred thousand dollars shall be made available for the study of hazardous substance waste disposal sites, as defined in section 27-1316 of this chapter; and

2. For acquisition, preservation and improvement of lands, for historic preservation, and for municipal parks, as set forth in titles seven and nine of this article chapter, two hundred fifty million dollars.