STATE OF NEW YORK
________________________________________________________________________
S. 6252 A. 9052
SENATE - ASSEMBLY
January 17, 2012
___________
IN SENATE -- A BUDGET BILL, submitted by the Governor pursuant to arti-
cle seven of the Constitution -- read twice and ordered printed, and
when printed to be committed to the Committee on Finance
IN ASSEMBLY -- A BUDGET BILL, submitted by the Governor pursuant to
article seven of the Constitution -- read once and referred to the
Committee on Ways and Means
AN ACT making appropriations for the legal requirements of the state
debt service and lease purchase payments and other special contractual
obligations
The People of the State of New York, represented in Senate and Assem-bly, do enact as follows:
1 Section 1. The several sums specified in this section, or so much
2 thereof as may be sufficient to accomplish in full the purposes desig-
3 nated by the appropriations, are hereby appropriated to be paid as here-
4 in provided for the funds and purposes specified and are made available
5 for the fiscal year beginning April 1, 2012.
6 DEBT SERVICE FUND--GENERAL DEBT SERVICE FUND--311
7 Maintenance undistributed
8 For the legal requirements of principal, interest, and
9 related expenses on general obligation bonds, special
10 contractual and revenue bond obligations, as issued
11 pursuant to article 5-C of the state finance law and
12 payments for interest rate exchange and similar agree-
13 ments, in accordance with the following schedule ....... 4,821,360,000
14 ==============
15 SCHEDULE
16 GENERAL OBLIGATION PAYMENTS
17 The sum of $502,500,000, or so much thereof as may be
18 necessary, is hereby appropriated for payment by the
EXPLANATION--Matter in italics (underscored) is new; matter in brackets
[] is old law to be omitted.
LBD12652-01-2
S. 6252 2 A. 9052
1 state comptroller for general obligation bonds issued in
2 connection with higher education construction, pure
3 waters, environmental quality, transportation capital
4 facilities, rail preservation, outdoor recreation devel-
5 opment, energy conservation through improved transporta-
6 tion, parks and recreation land acquisition, rebuild New
7 York through transportation infrastructure renewal and
8 accelerated capacity and transportation improvements of
9 the nineties, clean water/clean air, and rebuild and
10 renew New York transportation purposes, in accordance
11 with the following sub-schedule .......................... 502,500,000
12 --------------
13 sub-schedule
14 Debt service payments ...................................... 500,000,000
15 Related expenses ............................................. 2,500,000
16 --------------
17 Total of sub-schedule ...................................... 502,500,000
18 ==============
19 SPECIAL CONTRACTUAL OBLIGATION PAYMENTS
20 The several sums, or so much thereof as may be sufficient
21 to accomplish in full the purposes designated by the
22 appropriations, are hereby appropriated and are, subject
23 to the issuance of certificates of approval of avail-
24 ability by the director of the budget, available for the
25 purpose of making payments for special contractual obli-
26 gations, in accordance with the following schedule ..... 1,656,960,000
27 --------------
28 SCHEDULE
29 For payment to the Urban Development Corpo-
30 ration pursuant to the provisions of an
31 agreement or agreements entered between
32 the State and the Urban Development Corpo-
33 ration to pay for bonds, notes, or other
34 obligations issued or entered into for
35 correctional facilities ..................... 60,000,000
36 For payment to the Urban Development Corpo-
37 ration pursuant to the provisions of an
38 agreement or agreements of lease and
39 sublease entered into between, but not
40 limited to, the Urban Development Corpo-
41 ration, the Office of General Services and
42 the Department of Correctional Services
43 for the rental of correctional facilities ... 21,000,000
44 For payment according to the following sub-
45 schedule to the Urban Development Corpo-
46 ration for project revenue bonds, pursuant
47 to the provisions of certain agreements of
48 lease between the entities designated on
49 the following sub-schedule and the state
50 of New York and the assignment of rent
S. 6252 3 A. 9052
1 thereof to the Urban Development Corpo-
2 ration ...................................... 16,000,000
3 sub-schedule
4 Rensselaer Polytechnic Insti-
5 tute (Center for Industrial
6 Innovation) .................... 4,500,000
7 Syracuse University (Science
8 and Technology Center) ......... 2,800,000
9 Cornell University (Supercom-
10 puter Center) .................... 700,000
11 Columbia University (Telecom-
12 munications Center) ............ 5,000,000
13 Clarkson University .............. 1,100,000
14 University Grants 95 Refunding ... 1,900,000
15 --------------
16 Total of sub-schedule ......... 16,000,000
17 --------------
18 For payment to the Urban Development Corpo-
19 ration, the Dormitory Authority, the Thru-
20 way Authority, and/or the Housing Finance
21 Agency, for payment of bonds issued to
22 finance the community enhancement facili-
23 ties assistance program, pursuant to an
24 agreement or agreements between such
25 authorities and the State .................... 3,500,000
26 For payment to the Dormitory Authority, for
27 payment of bonds issued to finance the
28 Department of Health's David Axelrod
29 Institute for Public Health, pursuant to
30 the provisions of an agreement between the
31 Dormitory Authority and the Department of
32 Health ....................................... 6,000,000
33 For payment to the Dormitory Authority, for
34 payment of bonds issued to finance State
35 Department of Education facilities, pursu-
36 ant to an agreement between the Dormitory
37 Authority and the State Education Depart-
38 ment ......................................... 5,500,000
39 For payment to the Housing Finance Agency
40 and the Urban Development Corporation for
41 payment of bonds issued to finance the
42 State's housing programs .................... 62,000,000
43 For payment to the Metropolitan Transporta-
44 tion Authority, pursuant to state service
45 contracts authorized by section 16 of
46 chapter 314 of the laws of 1981, section
47 42 of chapter 929 of the laws of 1986, as
48 amended by chapter 13 of the laws of 1987,
49 and section 34 of part O of chapter 61 of
50 the laws of 2000 ........................... 165,000,000
51 For payment to the State University
52 Construction Fund, for payment to the
53 Dormitory Authority, pursuant to paragraph
S. 6252 4 A. 9052
1 (e) of subdivision 19 of section 1680 of
2 the public authorities law, to pay for
3 bonds or notes issued by such authority,
4 pursuant to agreements between the State
5 University Construction Fund, State
6 University of New York and the Dormitory
7 Authority, relating to State University
8 education facilities. Notwithstanding the
9 provisions of section 40 of the state
10 finance law or any other provision of law
11 to the contrary, this appropriation shall
12 remain in full force and effect until
13 April 30, 2013 ............................. 290,000,000
14 For payment to the State University
15 Construction Fund, for payment to the
16 Dormitory Authority, in accordance with
17 subdivision 8 of section 6304 of the
18 education law, for bonds, notes, or other
19 obligations issued by such authority,
20 pursuant to an agreement or agreements
21 among the State University of New York,
22 various community colleges and their spon-
23 sors, and the Dormitory Authority for
24 educational facilities of community
25 colleges .................................... 30,000,000
26 For payment to the City University Construc-
27 tion Fund for City University senior
28 colleges and for community colleges.
29 Moneys hereby appropriated, or portions
30 thereof, are for payments net of all
31 interest and investment earnings on senior
32 and community college payments and other
33 excess earnings held by the City Universi-
34 ty Construction Fund, in accordance with
35 the following sub-schedule ................. 260,000,000
36 sub-schedule
37 City University senior
38 colleges ..................... 235,000,000
39 City University community
40 colleges ...................... 25,000,000
41 --------------
42 Total of sub-schedule ........ 260,000,000
43 --------------
44 For payment to the Dormitory Authority,
45 pursuant to the provisions of a service
46 contract or contracts, for payment of
47 bonds or notes issued for the financing of
48 projects at the Albany County Airport ........ 4,000,000
49 For payment to the Dormitory Authority and
50 the Urban Development Corporation for
51 bonds issued for one or more facilities
52 provided for the department of audit and
53 control, the New York state and local
S. 6252 5 A. 9052
1 employees' retirement system, and the New
2 York state and local police and fire
3 retirement system and on behalf of the
4 departments or agencies having occupancy
5 or use of other state facilities and park-
6 ing facilities ............................... 1,200,000
7 For payment to the Thruway Authority, pursu-
8 ant to section 380 of the public authori-
9 ties law, to pay for Local Highway and
10 Bridge Service Contract bonds or notes
11 issued by such authority pursuant to an
12 agreement between the Thruway Authority
13 and the state .............................. 212,000,000
14 For payment to the Environmental Facilities
15 Corporation to pay for bonds or notes
16 issued by such authority pursuant to an
17 agreement between the Environmental Facil-
18 ities Corporation and the Office of Parks,
19 Recreation and Historic Preservation ......... 1,000,000
20 For payment to the Environmental Facilities
21 Corporation, pursuant to subdivision 1 of
22 section 1290 of the public authorities
23 law, to pay for bonds or notes issued by
24 such authority pursuant to a lease agree-
25 ment between the Environmental Facilities
26 Corporation and the Office of Parks,
27 Recreation and Historic Preservation
28 relating to the financing of Riverbank
29 State Park ................................... 5,200,000
30 For payment to the Environmental Facilities
31 Corporation for bonds and notes issued by
32 such authority, pursuant to an agreement
33 between the Environmental Facilities
34 Corporation and the Office of Mental
35 Health relating to the financing of a
36 Waste water treatment facility for Pilgrim
37 Psychiatric Center ............................. 960,000
38 For payment to the Environmental Facilities
39 Corporation, for payment of bonds issued
40 to finance eligible pipeline for jobs
41 projects, pursuant to an agreement or
42 agreements between the Environmental
43 Facilities Corporation and the State ......... 1,300,000
44 For payment to the Environmental Facilities
45 Corporation, for payment of bonds issued
46 to finance environmental infrastructure
47 projects, pursuant to an agreement or
48 agreements between the Environmental
49 Facilities Corporation and the State ........ 14,000,000
50 For payment according to the following sub-
51 schedule for bonds issued to finance
52 consolidated service contract refundings ... 480,000,000
53 --------------
S. 6252 6 A. 9052
1 sub-schedule
2 Urban Development Corporation .. 355,000,000
3 Dormitory Authority ............ 110,000,000
4 Thruway Authority ............... 15,000,000
5 --------------
6 Total of sub-schedule ........ 480,000,000
7 --------------
8 Total of debt service schedule ............. 1,638,660,000
9 --------------
10 For payment of related expenses in accord-
11 ance with the following schedule.
12 SCHEDULE
13 Urban Development Corporation .................. 2,000,000
14 Housing Finance Agency ......................... 2,000,000
15 Dormitory Authority ........................... 12,500,000
16 Dormitory Authority Capital Expenses ........... 1,000,000
17 Environmental Facilities Corporation ............. 300,000
18 Thruway Authority ................................ 500,000
19 --------------
20 Total of related expenses schedule ............ 18,300,000
21 --------------
22 Total of schedules ......................... 1,656,960,000
23 ==============
24 REVENUE BOND FINANCING AGREEMENT PAYMENTS
25 The several sums, or so much thereof as may
26 be necessary, are hereby appropriated for
27 payment to the dormitory authority, the
28 environmental facilities corporation, the
29 housing finance agency, the thruway
30 authority, and the urban development
31 corporation and are, subject to the issu-
32 ance of certificates of approval of avail-
33 ability by the director of the budget,
34 available for the purpose of making
35 financing agreement payments related to
36 personal income tax revenue bond obli-
37 gations, as authorized pursuant to article
38 5-C of the state finance law and in
39 accordance with the following schedule ... 2,661,900,000
40 --------------
41 SCHEDULE
42 Economic Development and Housing ............. 365,000,000
43 Education .................................... 462,000,000
44 Environment .................................. 105,000,000
45 General Purpose ............................ 1,185,000,000
46 Healthcare .................................... 15,000,000
47 State Facilities and Equipment ............... 195,000,000
S. 6252 7 A. 9052
1 Transportation ............................... 321,000,000
2 --------------
3 Total of schedule .......................... 2,648,000,000
4 --------------
5 For payment of related expenses in accord-
6 ance with the following schedule.
7 SCHEDULE
8 Urban Development Corporation .................. 2,250,000
9 Housing Finance Agency ......................... 2,250,000
10 Dormitory Authority ............................ 7,500,000
11 Dormitory Authority Capital Expenses ............. 800,000
12 Environmental Facilities Corporation ............. 800,000
13 Thruway Authority ................................ 300,000
14 --------------
15 Total of schedule ............................. 13,900,000
16 --------------
17 Total of schedules ......................... 2,661,900,000
18 ==============
19 Total of schedule ........................................ 4,821,360,000
20 ==============
21 DEBT SERVICE FUND--HOUSING DEBT FUND--316
22 GENERAL OBLIGATION PAYMENTS
23 The sum of $12,500,000, or so much thereof as may be
24 necessary, is hereby appropriated for payment by the
25 state comptroller of principal and interest on general
26 obligation bonds issued in connection with state housing
27 (low cost, middle income and urban renewal) ............... 12,500,000
28 ==============
29 DEBT SERVICE FUND--HEALTH INCOME FUND--319
30 For debt service and related expenses in accordance with
31 the following schedule .................................... 33,200,000
32 --------------
33 SCHEDULE
34 The sum of $29,000,000, or so much thereof as may be
35 necessary of operating revenues received from department
36 of health facilities other than the New York City Veter-
37 ans' Home, is hereby appropriated for payment by the
38 state comptroller of all obligations under the terms of
39 agreements between the health department and the dormi-
40 tory authority ............................................ 29,000,000
41 The sum of $2,000,000, or so much thereof as may be neces-
42 sary of operating revenues received from the New York
43 City Veterans' Home, is hereby appropriated for payment
44 by the state comptroller of all obligations under the
S. 6252 8 A. 9052
1 terms of agreements between the health department and
2 the dormitory authority .................................... 2,000,000
3 Related expenses ............................................. 1,000,000
4 Capital expenses ............................................. 1,200,000
5 --------------
6 Total of schedule ......................................... 33,200,000
7 ==============
8 DEBT SERVICE FUND--STATE UNIVERSITY DORMITORY INCOME FUND--330
9 The sum of $117,100,000, or so much thereof as may be
10 necessary, is hereby appropriated for payment by the
11 state comptroller of all obligations under the terms of
12 agreements between the state university of New York and
13 the dormitory authority and refunds to students for room
14 rental and college fee overpayments, in accordance with
15 the following schedule ................................... 117,100,000
16 --------------
17 SCHEDULE
18 Debt service payments ...................................... 106,000,000
19 Related expenses ............................................. 1,100,000
20 Capital expenses ............................................ 10,000,000
21 --------------
22 Total of schedule .......................................... 117,100,000
23 ==============
24 DEBT SERVICE FUND--MENTAL HEALTH SERVICES FUND--304
25 The sum of $348,000,000, or so much thereof as may be
26 necessary, is hereby appropriated for payment by the
27 state comptroller of all obligations of the dormitory
28 authority, as successor to the facilities development
29 corporation and the medical care facilities finance
30 agency pursuant to chapter 83 of the laws of 1995, under
31 the terms of any lease, sublease, or other financing
32 agreement with the department of mental hygiene, in
33 accordance with the following schedule ................... 348,000,000
34 --------------
35 SCHEDULE
36 Debt service payments ...................................... 340,000,000
37 Related expenses ............................................. 8,000,000
38 --------------
39 Total of schedule .......................................... 348,000,000
40 ==============
41 DEBT SERVICE FUND--LOCAL GOVERNMENT ASSISTANCE TAX FUND--364
42 The sum of $406,500,000, or so much thereof as may be
43 necessary, is hereby appropriated for payment of all
44 obligations, including but not limited to reserve fund
45 credit facilities, to the local government assistance
46 corporation pursuant to a certificate or certificates
S. 6252 9 A. 9052
1 filed by the chairman of the corporation with the state
2 comptroller and the governor, pursuant to subdivision 1
3 of section 3240 of the public authorities law, in
4 accordance with the following schedule ................... 406,500,000
5 --------------
6 SCHEDULE
7 Debt service payments ...................................... 400,000,000
8 Related expenses ............................................. 6,500,000
9 --------------
10 Total of schedule .......................................... 406,500,000
11 ==============
12 TRUST AND AGENCY FUND--SCHOOL CAPITAL FACILITIES
13 FINANCING RESERVE FUND--130
14 The sum of $30,500,000, or so much thereof as may be
15 necessary, is hereby appropriated for payment by the
16 state comptroller to the dormitory authority for the
17 purpose of meeting the terms of any contractual agree-
18 ments between the dormitory authority and participating
19 special act school districts listed in chapter 566 of
20 the laws of 1967, as amended, state-supported schools
21 for blind and deaf students and children with other
22 handicapping conditions pursuant to article 85 of the
23 education law, and private not-for-profit schools
24 approved by the commissioner of education pursuant to
25 article 89 of the education law, in accordance with the
26 following schedule ........................................ 30,500,000
27 --------------
28 SCHEDULE
29 Debt service payments ....................................... 30,000,000
30 Related expenses ............................................... 250,000
31 Capital expenses ............................................... 250,000
32 --------------
33 Total of schedule ........................................... 30,500,000
34 ==============
35 DEDICATED HIGHWAY AND BRIDGE TRUST FUND--SPECIAL
36 OBLIGATION RESERVE AND PAYMENT ACCOUNT--072
37 The sum of $960,300,000, or so much thereof as may be
38 necessary, is hereby appropriated to pay for bonds or
39 notes as required under dedicated highway and bridge
40 trust fund cooperative agreements under section 10-e of
41 the highway law, in accordance with the following sched-
42 ule ...................................................... 960,300,000
43 --------------
44 SCHEDULE
45 Debt service payments ...................................... 960,000,000
46 Related expenses ............................................... 300,000
S. 6252 10 A. 9052
1 --------------
2 Total of schedule .......................................... 960,300,000
3 ==============
4 DEBT REDUCTION RESERVE FUND - 064
5 The sum of $500,000,000, or so much thereof as may be
6 necessary, is hereby appropriated from the debt
7 reduction reserve fund for the purposes of principal,
8 interest, and related expenses, for retiring or defeas-
9 ing bonds previously issued, including any accrued
10 interest or other expenses related thereto, for any
11 state-related bonding program or programs and for trans-
12 fer, upon request of the director of the budget, to
13 various capital projects funds as designated by the
14 director of the budget for the funding of capital
15 projects, equipment acquisitions, or similar expenses
16 which have been authorized by law to be financed through
17 the issuance of bonds, notes, or other obligations ....... 500,000,000
18 ==============
19 CONTINGENT AND OTHER APPROPRIATIONS
20 § 2. The several sums specified in this section, or so much thereof as
21 may be sufficient to accomplish in full the purposes designated by the
22 appropriations, are hereby appropriated to be paid as herein provided
23 for the funds and purposes specified and are made available for the
24 fiscal year beginning April 1, 2012.
25 GENERAL FUND--STATE PURPOSES ACCOUNT--003
26 The sum of $20,000,000, or so much thereof as may be
27 necessary, is hereby appropriated from the general fund
28 to the credit of the state purposes account solely for
29 the purpose of making payments of rebates to the federal
30 government to maintain the exemption from federal income
31 taxation of the interest paid to the holders of state
32 obligations issued pursuant to sections 55 and 57 of the
33 state finance law ......................................... 20,000,000
34 ==============
35 The sum of $225,000,000, or so much thereof as may be
36 necessary, is hereby appropriated from the general fund
37 to the credit of the state purposes account solely for
38 the purpose of redeeming general obligation bonds issued
39 by the state of New York, provided, however, that the
40 amount to be expended from this appropriation shall be
41 limited to the amount, as determined by the comptroller,
42 to be necessary to maintain the exemption from federal
43 taxation of the interest paid to the holders of state
44 obligations issued pursuant to sections 55 and 57 of the
45 state finance law ........................................ 225,000,000
46 ==============
S. 6252 11 A. 9052
1 ALL FUNDS
2 For payment of principal and interest, including but not
3 limited to reserve fund credit facilities on variable
4 rate obligations and interest rate exchange and similar
5 agreements, for state-supported debt or for transfer to
6 any other appropriation, in accordance with the follow-
7 ing schedule ........................................... 1,400,000,000
8 --------------
9 SCHEDULE
10 Debt service payments ...................................... 850,000,000
11 Related expenses ............................................ 50,000,000
12 Interest rate exchange and similar agreements .............. 500,000,000
13 --------------
14 Total of schedule ........................................ 1,400,000,000
15 ==============
16 DEBT SERVICE FUND--GENERAL DEBT SERVICE FUND--311
17 SPECIAL CONTRACTUAL OBLIGATION PAYMENTS
18 For payment to the dormitory authority, as successor to
19 the medical care facilities finance agency pursuant to
20 chapter 83 of the laws of 1995, for payment of principal
21 interest, and related expenses on bonds or notes issued
22 pursuant to the provisions of section 7-a of the New
23 York state medical care facilities finance agency act,
24 as amended, which provide that the service contract
25 payments will be made to meet the debt service payments
26 due if the funds and accounts established under the bond
27 resolution, the secured hospital debt service reserve
28 fund, and the secured hospital capital reserve fund are
29 inadequate, in accordance with the following schedule ..... 81,000,000
30 --------------
31 SCHEDULE
32 Debt service payments ....................................... 80,000,000
33 Related expenses ............................................. 1,000,000
34 --------------
35 Total of schedule ........................................... 81,000,000
36 ==============
37 For payment to the tobacco settlement financing corpo-
38 ration, for payment of bonds or notes issued pursuant to
39 the provisions of part D3 of chapter 62 of the laws of
40 2003 which provides that contingency contract payments
41 will be made to meet the debt service payments due if
42 the funds and accounts established under the bond inden-
43 tures, the debt service accounts, the debt service
44 reserve accounts and the supplemental accounts are inad-
45 equate, in accordance with the following schedule ........ 346,000,000
46 --------------
S. 6252 12 A. 9052
1 SCHEDULE
2 Debt service payments ...................................... 345,000,000
3 Related expenses ............................................. 1,000,000
4 --------------
5 Total of schedule .......................................... 346,000,000
6 ==============
