STATE OF NEW YORK
________________________________________________________________________
S. 2802 A. 4002
SENATE - ASSEMBLY
February 1, 2011
___________
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, 2011.
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, and lease
10 purchase, special contractual and revenue bond obli-
11 gations, as issued pursuant to article 5-C of the state
12 finance law and payments for interest rate exchange and
13 similar agreements, in accordance with the following
14 schedule ............................................... 4,603,325,000
15 ==============
16 SCHEDULE
17 GENERAL OBLIGATION PAYMENTS
EXPLANATION--Matter in italics (underscored) is new; matter in brackets
[] is old law to be omitted.
LBD12552-01-1
S. 2802 2 A. 4002
1 The sum of $530,000,000, or so much thereof as may be
2 necessary, is hereby appropriated for payment by the
3 state comptroller for general obligation bonds issued in
4 connection with higher education construction, pure
5 waters, environmental quality, transportation capital
6 facilities, rail preservation, outdoor recreation devel-
7 opment, energy conservation through improved transporta-
8 tion, parks and recreation land acquisition, rebuild New
9 York through transportation infrastructure renewal and
10 accelerated capacity and transportation improvements of
11 the nineties, clean water/clean air, and rebuild and
12 renew New York transportation purposes, in accordance
13 with the following sub-schedule .......................... 530,000,000
14 --------------
15 sub-schedule
16 Debt service payments ...................................... 525,000,000
17 Related expenses ............................................. 5,000,000
18 --------------
19 Total of sub-schedule ...................................... 530,000,000
20 ==============
21 LEASE PURCHASE PAYMENTS
22 The several sums, or so much thereof as may be sufficient
23 to accomplish in full the purposes designated by the
24 appropriations, are hereby appropriated and are, subject
25 to the issuance of certificates of approval of avail-
26 ability by the director of the budget, available for the
27 purpose of making payments for lease purchase obli-
28 gations, in accordance with the following schedule ......... 2,925,000
29 --------------
30 SCHEDULE
31 For payment to the Dormitory Authority for
32 the Judicial Institute at Pace University,
33 pursuant to chapter 613 of the laws of
34 1999, as amended ............................... 550,000
35 For payment of the lease purchase agreement
36 for Hampton Plaza .............................. 700,000
37 For payment of the lease purchase agreement
38 for the department of transportation
39 region one headquarters building in the
40 city of Schenectady .......................... 1,500,000
41 --------------
42 Total of debt service schedule ............... 2,750,000
43 --------------
44 For payment of related expenses, in accord-
45 ance with the following schedule.
46 SCHEDULE
47 Urban Development Corporation ..................... 50,000
48 Office of General Services ....................... 125,000
S. 2802 3 A. 4002
1 --------------
2 Total of related expenses schedule ............... 175,000
3 --------------
4 Total of schedules ............................. 2,925,000
5 ==============
6 SPECIAL CONTRACTUAL OBLIGATION PAYMENTS
7 The several sums, or so much thereof as may be sufficient
8 to accomplish in full the purposes designated by the
9 appropriations, are hereby appropriated and are, subject
10 to the issuance of certificates of approval of avail-
11 ability by the director of the budget, available for the
12 purpose of making payments for special contractual obli-
13 gations, in accordance with the following schedule ..... 1,662,050,000
14 --------------
15 SCHEDULE
16 For payment to the Triborough Bridge and
17 Tunnel Authority and the Urban Development
18 Corporation pursuant to the provisions of
19 an agreement of sublease between the
20 Triborough Bridge and Tunnel Authority and
21 the state of New York for the Convention
22 Center project .............................. 43,000,000
23 For payment to the Urban Development Corpo-
24 ration pursuant to the provisions of an
25 agreement or agreements entered between
26 the State and the Urban Development Corpo-
27 ration to pay for bonds, notes, or other
28 obligations issued or entered into for
29 correctional facilities ..................... 67,000,000
30 For payment to the Urban Development Corpo-
31 ration pursuant to the provisions of an
32 agreement or agreements of lease and
33 sublease entered into between, but not
34 limited to, the Urban Development Corpo-
35 ration, the Office of General Services and
36 the Department of Correctional Services
37 for the rental of correctional facilities ... 21,000,000
38 For payment according to the following sub-
39 schedule to the Urban Development Corpo-
40 ration for project revenue bonds, pursuant
41 to the provisions of certain agreements of
42 lease between the entities designated on
43 the following sub-schedule and the state
44 of New York and the assignment of rent
45 thereof to the Urban Development Corpo-
46 ration ...................................... 16,000,000
47 sub-schedule
48 Rensselaer Polytechnic Insti-
49 tute (Center for Industrial
50 Innovation) .................... 4,500,000
S. 2802 4 A. 4002
1 Syracuse University (Science
2 and Technology Center) ......... 2,800,000
3 Cornell University (Supercom-
4 puter Center) .................... 700,000
5 Columbia University (Telecom-
6 munications Center) ............ 5,000,000
7 Clarkson University .............. 1,100,000
8 University Grants 95 Refunding ... 1,900,000
9 --------------
10 Total of sub-schedule ......... 16,000,000
11 --------------
12 For payment to the Dormitory Authority, for
13 payment of bonds issued to finance the
14 Department of Health's David Axelrod
15 Institute for Public Health, pursuant to
16 the provisions of an agreement between the
17 Dormitory Authority and the Department of
18 Health ....................................... 6,000,000
19 For payment to the Dormitory Authority, for
20 payment of bonds issued to finance State
21 Department of Education facilities, pursu-
22 ant to an agreement between the Dormitory
23 Authority and the State Education Depart-
24 ment ......................................... 5,500,000
25 For payment to the Housing Finance Agency
26 and the Urban Development Corporation for
27 payment of bonds issued to finance the
28 State's housing programs .................... 34,000,000
29 For payment to the Metropolitan Transporta-
30 tion Authority, pursuant to state service
31 contracts authorized by section 16 of
32 chapter 314 of the laws of 1981, section
33 42 of chapter 929 of the laws of 1986, as
34 amended by chapter 13 of the laws of 1987,
35 and section 34 of part O of chapter 61 of
36 the laws of 2000 ........................... 165,000,000
37 For payment to the State University
38 Construction Fund, for payment to the
39 Dormitory Authority, pursuant to paragraph
40 (e) of subdivision 19 of section 1680 of
41 the public authorities law, to pay for
42 bonds or notes issued by such authority,
43 pursuant to agreements between the State
44 University Construction Fund, State
45 University of New York and the Dormitory
46 Authority, relating to State University
47 education facilities. Notwithstanding the
48 provisions of section 40 of the state
49 finance law or any other provision of law
50 to the contrary, this appropriation shall
51 remain in full force and effect until
52 April 30, 2012 ............................. 310,000,000
53 For payment to the State University
54 Construction Fund, for payment to the
55 Dormitory Authority, in accordance with
S. 2802 5 A. 4002
1 subdivision 8 of section 6304 of the
2 education law, for bonds, notes, or other
3 obligations issued by such authority,
4 pursuant to an agreement or agreements
5 among the State University of New York,
6 various community colleges and their spon-
7 sors, and the Dormitory Authority for
8 educational facilities of community
9 colleges .................................... 28,000,000
10 For payment to the City University
11 Construction Fund for City University
12 senior colleges and for community col-
13 leges. Moneys hereby appropriated, or por-
14 tions thereof, are for payments net of all
15 interest and investment earnings on senior
16 and community college payments and other
17 excess earnings held by the City Universi-
18 ty Construction Fund, in accordance with
19 the following sub-schedule ................. 270,000,000
20 sub-schedule
21 City University senior
22 colleges ..................... 240,000,000
23 City University community
24 colleges ...................... 30,000,000
25 --------------
26 Total of sub-schedule ........ 270,000,000
27 --------------
28 For payment to the Dormitory Authority,
29 pursuant to the provisions of a service
30 contract or contracts, for payment of
31 bonds or notes issued for the financing of
32 projects at the Albany County Airport ........ 4,000,000
33 For payment to the Dormitory Authority and
34 the Urban Development Corporation for
35 bonds issued for one or more facilities
36 provided for the department of audit and
37 control, the New York state and local
38 employees' retirement system, and the New
39 York state and local police and fire
40 retirement system and on behalf of the
41 departments or agencies having occupancy
42 or use of other state facilities and park-
43 ing facilities ............................... 1,200,000
44 For payment to the Dormitory Authority, for
45 payment of bonds issued to finance eligi-
46 ble child care facilities development
47 projects, pursuant to an agreement or
48 agreements between the Dormitory Authority
49 and the state ................................ 2,000,000
50 For payment to the Thruway Authority, pursu-
51 ant to section 380 of the public authori-
52 ties law, to pay for Local Highway and
S. 2802 6 A. 4002
1 Bridge Service Contract bonds or notes
2 issued by such authority pursuant to an
3 agreement between the Thruway Authority
4 and the state .............................. 205,000,000
5 For payment to the Environmental Facilities
6 Corporation to pay for bonds or notes
7 issued by such authority pursuant to an
8 agreement between the Environmental Facil-
9 ities Corporation and the Office of Parks,
10 Recreation and Historic Preservation ......... 1,800,000
11 For payment to the Environmental Facilities
12 Corporation, pursuant to subdivision 1 of
13 section 1290 of the public authorities
14 law, to pay for bonds or notes issued by
15 such authority pursuant to a lease agree-
16 ment between the Environmental Facilities
17 Corporation and the Office of Parks,
18 Recreation and Historic Preservation
19 relating to the financing of Riverbank
20 State Park ................................... 5,000,000
21 For payment to the Environmental Facilities
22 Corporation for bonds and notes issued by
23 such authority, pursuant to an agreement
24 between the Environmental Facilities
25 Corporation and the Office of Mental
26 Health relating to the financing of a
27 Waste water treatment facility for Pilgrim
28 Psychiatric Center ............................. 950,000
29 For payment to the Environmental Facilities
30 Corporation, for payment of bonds issued
31 to finance eligible pipeline for jobs
32 projects, pursuant to an agreement or
33 agreements between the Environmental
34 Facilities Corporation and the State ......... 1,800,000
35 For payment to the Environmental Facilities
36 Corporation, for payment of bonds issued
37 to finance environmental infrastructure
38 projects, pursuant to an agreement or
39 agreements between the Environmental
40 Facilities Corporation and the State ........ 18,000,000
41 For payment according to the following sub-
42 schedule for bonds issued to finance
43 consolidated service contract refundings ... 428,000,000
44 --------------
45 sub-schedule
46 Urban Development Corporation .. 342,000,000
47 Dormitory Authority ............. 86,000,000
48 --------------
49 Total of sub-schedule ........ 428,000,000
50 --------------
51 Total of debt service schedule ............. 1,633,250,000
52 --------------
S. 2802 7 A. 4002
1 For payment of related expenses in accord-
2 ance with the following schedule.
3 SCHEDULE
4 Urban Development Corporation .................. 5,000,000
5 Housing Finance Agency ......................... 4,000,000
6 Dormitory Authority ........................... 13,000,000
7 Dormitory Authority Capital Expenses ........... 5,000,000
8 Environmental Facilities Corporation ............. 300,000
9 Triborough Bridge and Tunnel Authority ......... 1,000,000
10 Thruway Authority ................................ 500,000
11 --------------
12 Total of related expenses schedule ............ 28,800,000
13 --------------
14 Total of schedules ......................... 1,662,050,000
15 ==============
16 REVENUE BOND FINANCING AGREEMENT PAYMENTS
17 The several sums, or so much thereof as may
18 be necessary, are hereby appropriated for
19 payment to the dormitory authority, the
20 environmental facilities corporation, the
21 housing finance agency, the thruway
22 authority, and the urban development
23 corporation and are, subject to the issu-
24 ance of certificates of approval of avail-
25 ability by the director of the budget,
26 available for the purpose of making
27 financing agreement payments related to
28 personal income tax revenue bond obli-
29 gations, as authorized pursuant to article
30 5-C of the state finance law and in
31 accordance with the following schedule ... 2,408,350,000
32 --------------
33 SCHEDULE
34 Economic Development and Housing ............. 385,000,000
35 Education .................................... 470,000,000
36 Environment .................................. 105,000,000
37 General Purpose .............................. 940,000,000
38 Healthcare .................................... 15,000,000
39 State Facilities and Equipment ............... 200,000,000
40 Transportation ............................... 275,000,000
41 --------------
42 Total of schedule .......................... 2,390,000,000
43 --------------
44 For payment of related expenses in accord-
45 ance with the following schedule.
46 SCHEDULE
47 Urban Development Corporation .................. 2,000,000
S. 2802 8 A. 4002
1 Housing Finance Agency ......................... 2,500,000
2 Dormitory Authority ........................... 12,000,000
3 Dormitory Authority Capital Expenses ............. 800,000
4 Environmental Facilities Corporation ............. 800,000
5 Thruway Authority ................................ 250,000
6 --------------
7 Total of schedule ............................. 18,350,000
8 --------------
9 Total of schedules ......................... 2,408,350,000
10 ==============
11 Total of schedule ........................................ 4,603,325,000
12 ==============
13 DEBT SERVICE FUND--HOUSING DEBT FUND--316
14 GENERAL OBLIGATION PAYMENTS
15 The sum of $15,500,000, or so much thereof as may be
16 necessary, is hereby appropriated for payment by the
17 state comptroller of principal and interest on general
18 obligation bonds issued in connection with state housing
19 (low cost, middle income and urban renewal) ............... 15,500,000
20 ==============
21 DEBT SERVICE FUND--HEALTH INCOME FUND--319
22 For debt service and related expenses in accordance with
23 the following schedule .................................... 34,800,000
24 --------------
25 SCHEDULE
26 The sum of $30,000,000, or so much thereof as may be
27 necessary of operating revenues received from department
28 of health facilities other than the New York City Veter-
29 ans' Home, is hereby appropriated for payment by the
30 state comptroller of all obligations under the terms of
31 agreements between the health department and the dormi-
32 tory authority ............................................ 30,000,000
33 The sum of $2,000,000, or so much thereof as may be neces-
34 sary of operating revenues received from the New York
35 City Veterans' Home, is hereby appropriated for payment
36 by the state comptroller of all obligations under the
37 terms of agreements between the health department and
38 the dormitory authority .................................... 2,000,000
39 Related expenses ............................................... 800,000
40 Capital expenses ............................................. 2,000,000
41 --------------
42 Total of schedule ......................................... 34,800,000
43 ==============
44 DEBT SERVICE FUND--STATE UNIVERSITY DORMITORY INCOME FUND--330
45 The sum of $105,300,000, or so much thereof as may be
46 necessary, is hereby appropriated for payment by the
S. 2802 9 A. 4002
1 state comptroller of all obligations under the terms of
2 agreements between the state university of New York and
3 the dormitory authority and refunds to students for room
4 rental and college fee overpayments, in accordance with
5 the following schedule ................................... 105,300,000
6 --------------
7 SCHEDULE
8 Debt service payments ....................................... 95,000,000
9 Related expenses ............................................... 800,000
10 Capital expenses ............................................. 9,500,000
11 --------------
12 Total of schedule .......................................... 105,300,000
13 ==============
14 DEBT SERVICE FUND--MENTAL HEALTH SERVICES FUND--304
15 The sum of $353,000,000, or so much thereof as may be
16 necessary, is hereby appropriated for payment by the
17 state comptroller of all obligations of the dormitory
18 authority, as successor to the facilities development
19 corporation and the medical care facilities finance
20 agency pursuant to chapter 83 of the laws of 1995, under
21 the terms of any lease, sublease, or other financing
22 agreement with the department of mental hygiene, in
23 accordance with the following schedule ................... 353,000,000
24 --------------
25 SCHEDULE
26 Debt service payments ...................................... 345,000,000
27 Related expenses ............................................. 8,000,000
28 --------------
29 Total of schedule .......................................... 353,000,000
30 ==============
31 DEBT SERVICE FUND--LOCAL GOVERNMENT ASSISTANCE TAX FUND--364
32 The sum of $392,000,000, or so much thereof as may be
33 necessary, is hereby appropriated for payment of all
34 obligations, including but not limited to reserve fund
35 credit facilities, to the local government assistance
36 corporation pursuant to a certificate or certificates
37 filed by the chairman of the corporation with the state
38 comptroller and the governor, pursuant to subdivision 1
39 of section 3240 of the public authorities law, in
40 accordance with the following schedule ................... 392,000,000
41 --------------
42 SCHEDULE
43 Debt service payments ...................................... 385,000,000
44 Related expenses ............................................. 7,000,000
45 --------------
S. 2802 10 A. 4002
1 Total of schedule .......................................... 392,000,000
2 ==============
3 TRUST AND AGENCY FUND--SCHOOL CAPITAL FACILITIES
4 FINANCING RESERVE FUND--130
5 The sum of $30,500,000, or so much thereof as may be
6 necessary, is hereby appropriated for payment by the
7 state comptroller to the dormitory authority for the
8 purpose of meeting the terms of any contractual agree-
9 ments between the dormitory authority and participating
10 special act school districts listed in chapter 566 of
11 the laws of 1967, as amended, state-supported schools
12 for blind and deaf students and children with other
13 handicapping conditions pursuant to article 85 of the
14 education law, and private not-for-profit schools
15 approved by the commissioner of education pursuant to
16 article 89 of the education law, in accordance with the
17 following schedule ........................................ 30,500,000
18 --------------
19 SCHEDULE
20 Debt service payments ....................................... 30,000,000
21 Related expenses ............................................... 250,000
22 Capital expenses ............................................... 250,000
23 --------------
24 Total of schedule ........................................... 30,500,000
25 ==============
26 DEDICATED HIGHWAY AND BRIDGE TRUST FUND--SPECIAL
27 OBLIGATION RESERVE AND PAYMENT ACCOUNT--072
28 The sum of $960,250,000, or so much thereof as may be
29 necessary, is hereby appropriated to pay for bonds or
30 notes as required under dedicated highway and bridge
31 trust fund cooperative agreements under section 10-e of
32 the highway law, in accordance with the following sched-
33 ule ...................................................... 960,250,000
34 --------------
35 SCHEDULE
36 Debt service payments ...................................... 960,000,000
37 Related expenses ............................................... 250,000
38 --------------
39 Total of schedule .......................................... 960,250,000
40 ==============
41 DEBT REDUCTION RESERVE FUND - 064
42 The sum of $250,000,000, or so much thereof as may be
43 necessary, is hereby appropriated from the debt
44 reduction reserve fund for the purposes of principal,
45 interest, and related expenses, for retiring or defeas-
46 ing bonds previously issued, including any accrued
S. 2802 11 A. 4002
1 interest or other expenses related thereto, for any
2 state-related bonding program or programs and for trans-
3 fer, upon request of the director of the budget, to
4 various capital projects funds as designated by the
5 director of the budget for the funding of capital
6 projects, equipment acquisitions, or similar expenses
7 which have been authorized by law to be financed through
8 the issuance of bonds, notes, or other obligations ....... 250,000,000
9 ==============
10 CONTINGENT AND OTHER APPROPRIATIONS
11 § 2. The several sums specified in this section, or so much thereof as
12 may be sufficient to accomplish in full the purposes designated by the
13 appropriations, are hereby appropriated to be paid as herein provided
14 for the funds and purposes specified and are made available for the
15 fiscal year beginning April 1, 2011.
16 GENERAL FUND--STATE PURPOSES ACCOUNT--003
17 The sum of $20,000,000, or so much thereof as may be
18 necessary, is hereby appropriated from the general fund
19 to the credit of the state purposes account solely for
20 the purpose of making payments of rebates to the federal
21 government to maintain the exemption from federal income
22 taxation of the interest paid to the holders of state
23 obligations issued pursuant to sections 55 and 57 of the
24 state finance law ......................................... 20,000,000
25 ==============
26 The sum of $225,000,000, 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 redeeming general obligation bonds issued
30 by the state of New York, provided, however, that the
31 amount to be expended from this appropriation shall be
32 limited to the amount, as determined by the comptroller,
33 to be necessary to maintain the exemption from federal
34 taxation of the interest paid to the holders of state
35 obligations issued pursuant to sections 55 and 57 of the
36 state finance law ........................................ 225,000,000
37 ==============
38 ALL FUNDS
39 For payment of principal and interest, including but not
40 limited to reserve fund credit facilities, on variable
41 rate obligations and interest rate exchange and similar
42 agreements for state-supported debt or for transfer to
43 any other appropriation, in accordance with the follow-
44 ing schedule ........................................... 1,500,000,000
45 --------------
46 SCHEDULE
47 Debt service payments .................................... 1,000,000,000
S. 2802 12 A. 4002
1 Related expenses ........................................... 100,000,000
2 Interest rate exchange and similar agreements .............. 400,000,000
3 --------------
4 Total of schedule ........................................ 1,500,000,000
5 ==============
6 DEBT SERVICE FUND--GENERAL DEBT SERVICE FUND--311
7 SPECIAL CONTRACTUAL OBLIGATION PAYMENTS
8 For payment to the dormitory authority, as successor to
9 the medical care facilities finance agency pursuant to
10 chapter 83 of the laws of 1995, for payment of principal
11 interest, and related expenses on bonds or notes issued
12 pursuant to the provisions of section 7-a of the New
13 York state medical care facilities finance agency act,
14 as amended, which provide that the service contract
15 payments will be made to meet the debt service payments
16 due if the funds and accounts established under the bond
17 resolution, the secured hospital debt service reserve
18 fund, and the secured hospital capital reserve fund are
19 inadequate, in accordance with the following schedule ..... 84,000,000
20 --------------
21 SCHEDULE
22 Debt service payments ....................................... 83,000,000
23 Related expenses ............................................. 1,000,000
24 --------------
25 Total of schedule ........................................... 84,000,000
26 ==============
27 For payment to the tobacco settlement financing corpo-
28 ration, for payment of bonds or notes issued pursuant to
29 the provisions of part D3 of chapter 62 of the laws of
30 2003 which provides that contingency contract payments
31 will be made to meet the debt service payments due if
32 the funds and accounts established under the bond inden-
33 tures, the debt service accounts, the debt service
34 reserve accounts and the supplemental accounts are inad-
35 equate, in accordance with the following schedule ........ 306,000,000
36 --------------
37 SCHEDULE
38 Debt service payments ...................................... 305,000,000
39 Related expenses ............................................. 1,000,000
40 --------------
41 Total of schedule .......................................... 306,000,000
42 ==============
