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A03002 Actions:

BILL NOA03002B
 
01/20/2021referred to ways and means
03/13/2021amend and recommit to ways and means
03/13/2021print number 3002a
03/31/2021amend and recommit to ways and means
03/31/2021print number 3002b
03/31/2021reported referred to rules
03/31/2021reported
03/31/2021rules report cal.50
03/31/2021substituted by s2502b
 S02502 AMEND=B BUDGET
 01/20/2021REFERRED TO FINANCE
 03/14/2021AMEND AND RECOMMIT TO FINANCE
 03/14/2021PRINT NUMBER 2502A
 03/31/2021AMEND AND RECOMMIT TO FINANCE
 03/31/2021PRINT NUMBER 2502B
 03/31/2021ORDERED TO THIRD READING CAL.644
 03/31/2021MESSAGE OF NECESSITY - 3 DAY MESSAGE
 03/31/2021PASSED SENATE
 03/31/2021DELIVERED TO ASSEMBLY
 03/31/2021referred to ways and means
 03/31/2021substituted for a3002b
 03/31/2021ordered to third reading rules cal.50
 03/31/2021message of necessity - 3 day message
 03/31/2021passed assembly
 03/31/2021returned to senate
 03/31/2021DELIVERED TO GOVERNOR
 04/12/2021SIGNED CHAP.52
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A03002 Text:



 
                STATE OF NEW YORK
        ________________________________________________________________________
 
            S. 2502--B                                            A. 3002--B
 
                SENATE - ASSEMBLY
 
                                    January 19, 2021
                                       ___________
 
        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 -- committee
          discharged, bill amended, ordered reprinted as amended and recommitted
          to said committee  --  committee  discharged,  bill  amended,  ordered
          reprinted as amended and recommitted to said committee
 
        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 -- committee discharged, bill amended,
          ordered reprinted as amended and  recommitted  to  said  committee  --
          committee  discharged,  bill amended, ordered reprinted as amended and
          recommitted to said committee
 
        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, 2021.
 
     6                DEBT SERVICE FUND--GENERAL DEBT SERVICE FUND
 
     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 articles 5-C and 5-F of  the  state  finance
    12    law  and payments for interest rate exchange and similar
    13    agreements, in accordance with the following schedule . 14,065,000,000
    14                                                            ==============
 
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD12552-04-1

        S. 2502--B                          2                         A. 3002--B
 
     1                                  SCHEDULE
 
     2  GENERAL OBLIGATION PAYMENTS
     3  The  sum  of  $502,500,000,  or  so much thereof as may be
     4    necessary, is hereby appropriated  for  payment  by  the
     5    state comptroller for general obligation bonds issued in
     6    connection  with  pure  waters,  environmental  quality,
     7    transportation capital  facilities,  rail  preservation,
     8    outdoor   recreation  development,  energy  conservation
     9    through improved transportation,  parks  and  recreation
    10    land  acquisition,  rebuild New York through transporta-
    11    tion infrastructure renewal,  accelerated  capacity  and
    12    transportation   improvements  of  the  nineties,  clean
    13    water/clean air, rebuild and renew New York  transporta-
    14    tion, and smart schools purposes, in accordance with the
    15    following schedule ....................................... 502,500,000
    16                                                            --------------
 
    17                           SCHEDULE
 
    18    Debt Service Funds
    19    General Debt Service Fund
    20    General Debt Service Fund - 40150
 
    21  Debt service payments (85551) (60400) ........ 500,000,000
    22  Related expenses (80467) (51000) ............... 2,500,000
    23                                              --------------
    24    Total of schedule .......................... 502,500,000
    25                                              ==============
 
    26  SPECIAL CONTRACTUAL OBLIGATION PAYMENTS
    27  The  several sums, or so much thereof as may be sufficient
    28    to accomplish in full the  purposes  designated  by  the
    29    appropriations, are hereby appropriated and are, subject
    30    to  the  issuance  of certificates of approval of avail-
    31    ability by the director of the budget, available for the
    32    purpose of making payments for special contractual obli-
    33    gations, in accordance with the following schedule ..... 2,510,000,000
    34                                                            --------------
 
    35                           SCHEDULE
 
    36    Debt Service Funds
    37    General Debt Service Fund
    38    Debt Service Lease Payments Fund - 40151
 
    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 (80452) (60400) .... 10,000,000
    43  For  payment  to  the Dormitory Authority or
    44    Urban  Development  Corporation  for   the
    45    Payment  of principal and interest related
    46    to any credit facilities entered  into  by
    47    such  authorities pursuant to an agreement
    48    or  agreements   between   the   Dormitory

        S. 2502--B                          3                         A. 3002--B
 
     1    Authority or Urban Development Corporation
     2    and the State (85552) (60400) ............ 2,000,000,000
     3  For   payment   to   the   State  University
     4    Construction  Fund,  for  payment  to  the
     5    Dormitory Authority, pursuant to paragraph
     6    (e)  of  subdivision 19 of section 1680 of
     7    the public authorities  law,  to  pay  for
     8    bonds  or  notes issued by such authority,
     9    pursuant to agreements between  the  State
    10    University    Construction   Fund,   State
    11    University of New York and  the  Dormitory
    12    Authority,  relating  to  State University
    13    education facilities.  Notwithstanding the
    14    provisions of  section  40  of  the  state
    15    finance  law or any other provision of law
    16    to the contrary, this appropriation  shall
    17    remain  in  full  force  and  effect until
    18    April 30, 2022 (80450) (60400) ............. 200,000,000
    19  For  payment   to   the   State   University
    20    Construction  Fund,  for  payment  to  the
    21    Dormitory Authority,  in  accordance  with
    22    subdivision  8  of  section  6304  of  the
    23    education law, for bonds, notes, or  other
    24    obligations   issued  by  such  authority,
    25    pursuant to  an  agreement  or  agreements
    26    among  the  State  University of New York,
    27    various community colleges and their spon-
    28    sors,  and  the  Dormitory  Authority  for
    29    educational    facilities   of   community
    30    colleges (80449) (60400) .................... 20,000,000
    31  For   payment   to   the   City   University
    32    Construction   Fund  for  City  University
    33    senior   colleges   and   for    community
    34    colleges.  Moneys  hereby appropriated, or
    35    portions thereof, are for payments net  of
    36    all  interest  and  investment earnings on
    37    senior and community college payments  and
    38    other  excess  earnings  held  by the City
    39    University Construction Fund,  in  accord-
    40    ance   with   the  following  sub-schedule
    41    (80622) (60400) ............................ 110,000,000
 
    42                  sub-schedule
 
    43  City     University     senior
    44    colleges ..................... 100,000,000
    45  City    University   community
    46    colleges ...................... 10,000,000
    47                                --------------
    48    Total of sub-schedule ........ 110,000,000
    49                                --------------

    50  For payment according to the following  sub-
    51    schedule   for  bonds  issued  to  finance
    52    consolidated service  contract  refundings
    53    (80623) (60400) ............................. 60,000,000

        S. 2502--B                          4                         A. 3002--B
 
     1                                              --------------
 
     2                  sub-schedule
 
     3  Urban Development Corporation ... 50,000,000
     4  Dormitory Authority ............. 10,000,000
     5                                --------------
     6    Total of sub-schedule ......... 60,000,000
     7                                --------------
 
     8  Total of debt service schedule ............. 2,400,000,000
     9                                              --------------
 
    10  For  payment  of related expenses in accord-
    11    ance with the following schedule ........... 110,000,000
    12                                              --------------
 
    13                           SCHEDULE
 
    14    Debt Service Funds
    15    General Debt Service Fund
    16    Debt Service Lease Payments - 40151
 
    17  Urban   Development   Corporation    (80431)
    18    (51000) ...................................... 2,000,000
    19  Housing Finance Agency (80430) (51000) ........... 500,000
    20  Dormitory Authority (80634) (51000) ............ 2,500,000
    21  Dormitory Authority Capital Expenses (80635)
    22    (51000) ..................................... 30,000,000
    23  Expenses  related  to  any credit facilities
    24    entered into by such  authorities  (85552)
    25    (51000) ..................................... 75,000,000
    26                                              --------------
    27  Total of schedule ............................ 110,000,000
    28                                              --------------

    29  Total of schedules ......................... 2,510,000,000
    30                                              ==============
 
    31  REVENUE BOND FINANCING AGREEMENT PAYMENTS
    32  The  several sums, or so much thereof as may be necessary,
    33    are hereby appropriated for  payment  to  the  dormitory
    34    authority, the environmental facilities corporation, the
    35    housing  finance  agency, the thruway authority, and the
    36    urban development corporation and are,  subject  to  the
    37    issuance  of certificates of approval of availability by
    38    the director of the budget, available for the purpose of
    39    making financing agreement payments related to  personal
    40    income tax revenue note and bond obligations, as author-
    41    ized  pursuant  to  article 5-C of the state finance law
    42    and in accordance with the following schedule .......... 9,050,000,000
    43                                                            --------------
 
    44                           SCHEDULE
 
    45    Debt Service Funds

        S. 2502--B                          5                         A. 3002--B
 
     1    General Debt Service Fund
     2    Revenue Bond Tax Fund - 40152
 
     3  Debt Service Payment (80364) (60400) ....... 6,000,000,000
     4  Subordinate Note Payments (80364) (60400) .. 3,000,000,000
     5  Related Expenses (80602) (51000) .............. 50,000,000
     6                                              --------------
     7  Total of schedule .......................... 9,050,000,000
     8                                              ==============
 
     9  REVENUE BOND FINANCING AGREEMENT PAYMENTS
    10  The  several sums, or so much thereof as may be necessary,
    11    are hereby appropriated for  payment  to  the  dormitory
    12    authority, the thruway authority, and the urban develop-
    13    ment  corporation  and  are,  subject to the issuance of
    14    certificates of approval of availability by the director
    15    of the budget,  available  for  the  purpose  of  making
    16    financing agreement payments related to sales tax reven-
    17    ue  bond  obligations, as authorized pursuant to article
    18    5-F of the state finance law and in accordance with  the
    19    following schedule ..................................... 2,002,500,000
    20                                                            --------------
 
    21                           SCHEDULE
 
    22  Debt Service Funds
    23  General Debt Service Fund
    24  Sales Tax Revenue Bond Tax Fund - 40154
 
    25  Debt Service Payments (80364) (60400) ...... 2,000,000,000
    26  Related Expenses (80602) (51000) ............... 2,500,000
    27                                              --------------
    28  Total of schedule .......................... 2,002,500,000
    29                                              ==============
 
    30  Total of schedule ....................................... 14,065,000,000
    31                                                            ==============
 
    32                    DEBT SERVICE FUND--HOUSING DEBT FUND
 
    33    Debt Service Funds
    34    Housing Debt Fund
    35    Housing Debt Fund - 40250
 
    36  GENERAL OBLIGATION PAYMENTS
    37  The sum of $5,500,000, or so much thereof as may be neces-
    38    sary,  is  hereby  appropriated for payment by the state
    39    comptroller of principal and interest on  general  obli-
    40    gation  bonds  issued  in  connection with state housing
    41    (low cost, middle  income  and  urban  renewal)  (85551)
    42    (60400) .................................................... 5,500,000
    43                                                            ==============

        S. 2502--B                          6                         A. 3002--B
 
     1                    DEBT SERVICE FUND--HEALTH INCOME FUND
 
     2  For  debt  service and related expenses in accordance with
     3    the following schedule .................................... 36,000,000
     4                                                            --------------
 
     5                           SCHEDULE
 
     6    Debt Service Funds
     7    Department of Health Income Fund
     8    NYC Veterans' Home Income Fund - 40302
 
     9  The sum of $3,000,000, or so much thereof as
    10    may  be  necessary  of  operating revenues
    11    received from the New York City  Veterans'
    12    Home,  is  hereby appropriated for payment
    13    by the  state  comptroller  of  all  obli-
    14    gations  under  the  terms  of  agreements
    15    between  the  health  department  and  the
    16    dormitory authority (80426) (60400) .......... 3,000,000
 
    17    Debt Service Funds
    18    Department of Health Income Fund
    19    Health Income Fund - 40301
 
    20  The  sum  of $27,000,000, or so much thereof
    21    as may be necessary of operating  revenues
    22    received from department of health facili-
    23    ties  other  than the New York City Veter-
    24    ans'  Home,  is  hereby  appropriated  for
    25    payment  by  the  state comptroller of all
    26    obligations under the terms of  agreements
    27    between  the  health  department  and  the
    28    dormitory authority (80427) (60400) ......... 27,000,000
    29  Related expenses (80425) (51000) ............... 3,000,000
    30  Capital expenses (80424) (51000) ............... 3,000,000
    31                                              --------------
    32    Total of schedule ........................... 36,000,000
    33                                              ==============
 
    34               DEBT SERVICE FUND--MENTAL HEALTH SERVICES FUND
 
    35  The sum of $52,000,000, or  so  much  thereof  as  may  be
    36    necessary,  is  hereby  appropriated  for payment by the
    37    state comptroller of all obligations  of  the  dormitory
    38    authority,  as  successor  to the facilities development
    39    corporation and  the  medical  care  facilities  finance
    40    agency pursuant to chapter 83 of the laws of 1995, under
    41    the  terms  of  any  lease, sublease, or other financing
    42    agreement with the  department  of  mental  hygiene,  in
    43    accordance with the following schedule .................... 52,000,000
    44                                                            --------------
 
    45                           SCHEDULE
 
    46    Debt Service Funds

        S. 2502--B                          7                         A. 3002--B
 
     1    Mental Health Services Fund
     2    Debt Service Reserve Fund - 40102
 
     3  Debt service payments (80421) (60400) ......... 50,000,000
     4  Related expenses (80421) (51000) ............... 2,000,000
     5                                              --------------
     6  Total of schedule ............................. 52,000,000
     7                                              ==============
 
     8           DEBT SERVICE FUND--LOCAL GOVERNMENT ASSISTANCE TAX FUND
 
     9  The  sum  of  $11,000,000,  or  so  much thereof as may be
    10    necessary, is hereby appropriated  for  payment  of  all
    11    obligations,  including  but not limited to reserve fund
    12    credit facilities, to the  local  government  assistance
    13    corporation  pursuant  to  a certificate or certificates
    14    filed by the chairman of the corporation with the  state
    15    comptroller  and the governor, pursuant to subdivision 1
    16    of section  3240  of  the  public  authorities  law,  in
    17    accordance with the following schedule .................... 11,000,000
    18                                                            --------------
 
    19                           SCHEDULE
 
    20    Debt Service Funds
    21    Local Government Assistance Tax Fund
    22    LGATF-Debt Service Fund - 40452
 
    23  Debt service payments (80420) (60400) ......... 10,000,000
    24  Related expenses (80420) (51000) ............... 1,000,000
    25                                              --------------
    26  Total of schedule ............................. 11,000,000
    27                                              ==============
 
    28              TRUST AND AGENCY FUND--SCHOOL CAPITAL FACILITIES
    29                           FINANCING RESERVE FUND
 
    30  The sum of $5,000,000, or so much thereof as may be neces-
    31    sary,  is  hereby  appropriated for payment by the state
    32    comptroller to the dormitory authority for  the  purpose
    33    of  meeting  the  terms  of  any  contractual agreements
    34    between  the  dormitory  authority   and   participating
    35    special  act  school  districts listed in chapter 566 of
    36    the laws of 1967, as  amended,  state-supported  schools
    37    for  blind  and  deaf  students  and children with other
    38    handicapping conditions pursuant to article  85  of  the
    39    education   law,   and  private  not-for-profit  schools
    40    approved by the commissioner of  education  pursuant  to
    41    article  89 of the education law, in accordance with the
    42    following schedule ......................................... 5,000,000
    43                                                            --------------
 
    44                           SCHEDULE
 
    45    Fiduciary Funds
    46    School Capital Facilities Financing Reserve Fund

        S. 2502--B                          8                         A. 3002--B
 
     1    School Capital Facilities Financing Reserve Fund - 60050
 
     2  Debt service payments (80418) (60400) .......... 4,000,000
     3  Related expenses (80418) (51000) ................. 500,000
     4  Capital expenses (80417) (51000) ................. 500,000
     5                                              --------------
     6  Total of schedule .............................. 5,000,000
     7                                              ==============
 
     8              DEDICATED HIGHWAY AND BRIDGE TRUST FUND--SPECIAL
     9                   OBLIGATION RESERVE AND PAYMENT ACCOUNT
 
    10  The  sum  of  $200,500,000  or  so  much thereof as may be
    11    necessary, is hereby appropriated to pay  for  bonds  or
    12    notes  as  required  under  dedicated highway and bridge
    13    trust fund cooperative agreements under section 10-e  of
    14    the highway law, in accordance with the following sched-
    15    ule ...................................................... 200,500,000
    16                                                            --------------
 
    17                           SCHEDULE
 
    18    Capital Projects Funds - Other
    19    Dedicated Highway and Bridge Trust Fund
    20    Special Obligation and Payment Account - 30052
 
    21  Debt service payments (80416) (60400) ........ 200,000,000
    22  Related expenses (80416) (51000) ................. 500,000
    23                                              --------------
    24  Total of schedule ............................ 200,500,000
    25                                              ==============
 
    26                         DEBT REDUCTION RESERVE FUND
 
    27    Debt Service Funds
    28    Debt Reduction Reserve Fund
    29    Debt Reduction Reserve Fund - 40001
 
    30  The  sum  of  $500,000,000,  or  so much thereof as may be
    31    necessary,  is  hereby  appropriated   from   the   debt
    32    reduction  reserve  fund  for the purposes of principal,
    33    interest, and related expenses, for retiring or  defeas-
    34    ing  bonds  previously  issued,  including  any  accrued
    35    interest or other  expenses  related  thereto,  for  any
    36    state-related bonding program or programs and for trans-
    37    fer,  upon  request  of  the  director of the budget, to
    38    various capital projects  funds  as  designated  by  the
    39    director  of  the  budget  for  the  funding  of capital
    40    projects, equipment acquisitions,  or  similar  expenses
    41    which have been authorized by law to be financed through
    42    the  issuance  of  bonds,  notes,  or  other obligations
    43    (80415) (60400) .......................................... 500,000,000
    44                                                            ==============

        S. 2502--B                          9                         A. 3002--B
 
     1                     CONTINGENT AND OTHER APPROPRIATIONS
 
     2    § 2. The several sums specified in this section, or so much thereof as
     3  may be sufficient to accomplish in full the purposes designated  by  the
     4  appropriations,  are  hereby  appropriated to be paid as herein provided
     5  for  the  funds  and  purposes  specified and are made available for the
     6  fiscal year beginning April 1, 2021.
 
     7                    GENERAL FUND--STATE PURPOSES ACCOUNT
 
     8    General Fund
     9    State Purposes Account - 10050
 
    10  The sum of $20,000,000, or  so  much  thereof  as  may  be
    11    necessary,  is hereby appropriated from the general fund
    12    to the credit of the state purposes account  solely  for
    13    the purpose of making payments of rebates to the federal
    14    government to maintain the exemption from federal income
    15    taxation  of  the  interest paid to the holders of state
    16    obligations issued pursuant to sections 55 and 57 of the
    17    state finance law (80414) (51000) ......................... 20,000,000
    18                                                            ==============
 
    19    General Fund
    20    State Purposes Account - 10050
 
    21  The sum of $225,000,000, or so  much  thereof  as  may  be
    22    necessary,  is hereby appropriated from the general fund
    23    to the credit of the state purposes account  solely  for
    24    the purpose of redeeming general obligation bonds issued
    25    by  the  state  of New York, provided, however, that the
    26    amount to be expended from this appropriation  shall  be
    27    limited to the amount, as determined by the comptroller,
    28    to  be  necessary to maintain the exemption from federal
    29    taxation of the interest paid to the  holders  of  state
    30    obligations issued pursuant to sections 55 and 57 of the
    31    state finance law (80413) (60400) ........................ 225,000,000
    32                                                            ==============
 
    33                                  ALL FUNDS
 
    34  For  payment  of principal and interest, including but not
    35    limited to reserve fund credit  facilities  on  variable
    36    rate  obligations and interest rate exchange and similar
    37    agreements, for state-supported debt or for transfer  to
    38    any  other appropriation, in accordance with the follow-
    39    ing schedule ........................................... 1,250,000,000
    40                                                            --------------
 
    41                                  SCHEDULE
 
    42    All Funds

        S. 2502--B                         10                         A. 3002--B
 
     1  Debt service payments (80626) (60400) ........ 800,000,000
     2  Related expenses (80626) (51000) .............. 50,000,000
     3  Interest rate exchange  and  similar  agree-
     4    ments (80359) (60400) ...................... 400,000,000
     5                                              --------------
     6  Total of schedule .......................... 1,250,000,000
     7                                              ==============
 
     8                DEBT SERVICE FUND--GENERAL DEBT SERVICE FUND
 
     9  SPECIAL CONTRACTUAL OBLIGATION PAYMENTS
    10  For  payment  to  the dormitory authority, as successor to
    11    the medical care facilities finance agency  pursuant  to
    12    chapter 83 of the laws of 1995, for payment of principal
    13    interest,  and related expenses on bonds or notes issued
    14    pursuant to the provisions of section  7-a  of  the  New
    15    York  state  medical care facilities finance agency act,
    16    as amended, which  provide  that  the  service  contract
    17    payments  will be made to meet the debt service payments
    18    due if the funds and accounts established under the bond
    19    resolution, the secured hospital  debt  service  reserve
    20    fund,  and the secured hospital capital reserve fund are
    21    inadequate, in accordance with the following schedule ..... 41,000,000
    22                                                            --------------
 
    23                                  SCHEDULE
 
    24    Debt Service Funds
    25    General Debt Service Fund
    26    Debt Service Lease Payments - 40151
 
    27  Debt service payments (80412) (60400) ......... 40,000,000
    28  Related expenses (80412) (51000) ............... 1,000,000
    29                                              --------------
    30  Total of schedule ............................. 41,000,000
    31                                              ==============
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