Of the moneys received by the state from the sale of bonds pursuant to the Clean Water/Clean Air Bond Act of 1996, three hundred fifty-five million dollars ($355,000,000) shall be used for the capitalization of a drinking water revolving fund administered by the environmental facilities corporation pursuant to section one thousand two hundred eighty-five-m of the public authorities law and by the department of health pursuant to title four of article eleven of the public health law to finance drinking water infrastructure projects pursuant to the provisions of paragraph a of subdivision three of section one thousand two hundred eighty-five-m of the public authorities law, including financing of the state match for federal capitalization grants for the drinking water revolving fund.
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