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A04002 Summary:

BILL NOA04002
 
SAME ASSAME AS UNI. S02802
 
SPONSORBudget
 
COSPNSR
 
MLTSPNSR
 
 
Makes appropriations for the support of government - State Debt Service Budget.
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A04002 Actions:

BILL NOA04002
 
02/01/2011referred to ways and means
03/15/2011reported referred to rules
03/15/2011reported
03/15/2011rules report cal.5
03/15/2011ordered to third reading rules cal.5
03/16/2011passed assembly
03/16/2011delivered to senate
03/16/2011REFERRED TO FINANCE
03/16/2011SUBSTITUTED FOR S2802
03/16/20113RD READING CAL.230
03/16/2011PASSED SENATE
03/16/2011RETURNED TO ASSEMBLY
03/24/2011delivered to governor
03/25/2011signed chap.52
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A04002 Floor Votes:

DATE:03/16/2011Assembly Vote  YEA/NAY: 97/48
AbbateYClarkYGoodellNOLentolYMoyaYRussellY
AbinantiYColtonYGottfriedYLiftonYMurrayNOSaladinoNO
AmedoreNOConteNOGrafNOLinaresYNolanYSaywardNO
ArroyoYCookYGuntherYLope PDNOOaksNOScarboroughY
AubryYCorwinNOHannaNOLope VJERO'DonnellYSchimelY
BarclayNOCrespoYHawleyNOLosquadroNOOrtizYSchimmingerY
BarronYCrouchNOHayesNOLupardoYPalmesanoNOSchroederY
BenedettoYCurranNOHeastieYMageeYPaulinYSimotasY
BingYCusickYHevesiYMagnarelliYPeoples StokesYSmardzNO
BlankenbushNOCymbrowitzYHikindYMaiselYPerryYSpanoY
BoylandERDenDekkerYHooperYMalliotakisNOPhefferYStevensonY
BoyleNODestitoYHoytYMarkeyYPretlowYSweeneyY
BraunsteinYDinowitzYJacobsYMayersohnYRaNOTediscoNO
BrennanYDupreyNOJaffeeYMcDonoughNORabbittNOTenneyNO
BronsonYEnglebrightYJeffriesYMcEnenyYRaiaNOThieleY
Brook KrasnyYFarrellYJohnsNOMcKevittNORamosYTitoneY
BurlingNOFinchNOJordanNOMcLaughlinNOReilichNOTitusY
ButlerERFitzpatrickNOKatzERMengYReillyYTobaccoNO
CahillYFriendNOKavanaghYMill D NORive J YTownsY
CalhounNOGabryszakYKellnerYMill JMERRive N YWeinsteinY
CamaraYGalefYKirwanNOMill MGYRive PMYWeisenbergY
CanestrariYGanttYKolbNOMillmanYRobertsYWeprinY
CastelliNOGibsonYLancmanYMolinaroNORobinsonYWrightY
CastroYGiglioNOLatimerYMontesanoNORodriguezYZebrowskiY
CerettoNOGlickYLavineYMorelleYRosenthalYMr SpkrY

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A04002 Text:



 
                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                                                            ==============
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