What Is Paterson Saying?

Governor Paterson, in an attempt to justify his giving $16.7 million in discretionary money to among others, the millionaire owners of the NFL in support of the Super Bowl in New Jersey, said –

“This money, it is not spent. It could not be used to save jobs, and could not be sent back to the treasury,”

http://blog.timesunion.com/capitol/archives/43338/paterson-i-did-the-right-thing-spending-the-money/

Does anyone know what Paterson means by this?

What is he saying will happen to the $16.7 million if it is not spent other than sent back to the treasury? Is it set on fire? Does it disappear? Or is the Governor once again saying something that is not exactly true?

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