§ 88-d. Airport improvement and revitalization fund. 1. There is hereby established in the joint custody of the commissioner of taxation and finance and the comptroller a fund to be known as the "airport improvement and revitalization fund".

2. The airport improvement and revitalization fund shall consist of moneys appropriated thereto, and funds transferred from any other fund or source including the repayment of loans pursuant to section fourteen-l of the transportation law.

3. Moneys in the airport improvement and revitalization fund shall be kept separate from and shall not be commingled with any other moneys in the custody of the commissioner of taxation and finance and the comptroller. Such moneys shall only be disbursed pursuant to section fourteen-l of the transportation law.