The comptroller is hereby authorized to receive from the federal government any moneys which the federal government shall offer to the state of New York for reimbursement for expenditures or otherwise in connection with any federal flood control project in the state of New York. The comptroller is authorized, upon receipt of any allotment of moneys from the federal government for reimbursement of expenditures or otherwise in connection with a flood control project to deposit such moneys to the credit of the general fund.
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