It will receive proceeds of around €1.2bn, slightly less than some earlier expectations.
The fund will receive proceeds from the sale of the album, not from a series of concerts at the Bottom Line.
Mr. Sanders said that Fox, which is owned by the News Corporation, would not receive proceeds from album sales.
The new $20bn Medical Research Future Fund will receive proceeds from the new $7 GP co-payment, which will be ploughed into medical research.
Mr. Sanders said that Ms. Clarkson, RCA and her label, 19 Recordings, the production unit of 19 Management, would receive proceeds from the sale of her albums and singles.
So-called electronic bingo machines have sprouted up throughout the state at the invitation of strapped local governments, which receive proceeds from the machines.
Under the bill, the federal government would receive proceeds from auctioning leases for oil and gas development rights, then from annual rental payments and, once production began, from royalties.
Depending on the precise terms, preference shareholders receive proceeds from the sale of a business, or from the liquidation of the assets of a failed company, before ordinary shareholders.
It will not receive proceeds from the sale of the remaining 307.9 million shares by its parent company, which stands to raise as much as $2.7 billion from the offering.
"The department's reputation is more important than raising money," the head of the FDNY Foundation, the nonprofit organization that supports the department and received proceeds from calendar sales, said at the time.
