§ 97-a. Environmental quality protection fund. 1. There is hereby established in the custody of the state comptroller a special fund to be known as the "environmental quality protection fund".

2. Such fund shall consist of all moneys received by the state from the sale of bonds pursuant to the environmental quality bond act of nineteen hundred seventy-two together with all moneys paid to the state by the federal government or a municipality pursuant to sections 51-0305, 51-0507, 51-0711 and 51-0907 of the environmental conservation law.

3. Moneys of the fund, following appropriation by the legislature and allocation by the director of the budget, shall be available only for reimbursement of expenditures made from appropriations in accordance with the provisions of article six of the environmental conservation law as amended.