§ 99-k. Child performer's holding fund. 1. There is hereby established in the joint custody of the state comptroller and the commissioner of taxation and finance a special revenue fund known as the "child performer's holding fund".
2. Such fund shall consist of revenues received and interest accrued pursuant to part seven of article seven of the estates, powers and trusts law, and all other monies appropriated, credited, or transferred thereto from any other fund or source pursuant to law.
3. Monies of the fund shall be distributed to the child performer upon receipt of the child performer trust fund pursuant to part seven of article seven of the estates, powers and trusts law. The comptroller shall notify the commissioner of the department of labor within thirty days of receipt of the funds and the child performer's name and last known address. Within thirty days of receipt of the funds, the comptroller shall give notice to the parent or guardian about funds and the procedures to transfer funds from the comptroller to the child performer trust fund account in the name of the child performer. Monies not claimed shall be used solely to fund programs for the health, education and welfare of child performers. The comptroller shall submit a report about the child performer's holding fund to the governor, the temporary president of the senate and the speaker of the assembly concerning the implementation of this section.
Copyright ©2024 LegalFix. All rights reserved. LegalFix is not a law firm, is not licensed to practice law, and does not provide legal advice, services, or representation. The information on this website is an overview of the legal plans you can purchase—or that may be provided by your employer as an employee benefit or by your credit union or other membership group as a membership benefit.
LegalFix provides its members with easy access to affordable legal services through a network of independent law firms. LegalFix, its corporate entity, and its officers, directors, employees, agents, and contractors do not provide legal advice, services, or representation—directly or indirectly.
The articles and information on the site are not legal advice and should not be relied upon—they are for information purposes only. You should become a LegalFix member to get legal services from one of our network law firms.
You should not disclose confidential or potentially incriminating information to LegalFix—you should only communicate such information to your network law firm.
The benefits and legal services described in the LegalFix legal plans are not always available in all states or with all plans. See the legal plan Benefit Overview and the more comprehensive legal plan contract during checkout for coverage details in your state.
Use of this website, the purchase of legal plans, and access to the LegalFix networks of law firms are subject to the LegalFix Terms of Service and Privacy Policy.