N.Y. State Finance Law § 14-b: Capital projects and maintenance statements

§ 14-b. Capital projects and maintenance statements. The head of

each state agency shall furnish the governor, at the time and in the

form he requires but in no event later than December first of each year,

a statement for which plans prepared to meet other existing statutory

requirements may be accepted as a partial or complete substitute as

determined by the director of the budget, copies of which shall

forthwith be furnished to the chairman of the senate finance committee

and the chairman of the assembly ways and means committee, setting

forth:

a. a detailed schedule by fund, of all capital projects recommended to

be undertaken or continued in any of the next five fiscal years, which

shall provide the following information for each capital project:

(1) a description of the project in less than thirty words,

(2) the estimated total cost of the project and, if appropriate, the

useful life of the project,

(3) the total of all disbursements for the project made prior to the

then current fiscal year,

(4) the total amount of disbursements for the project recommended to

be made during the current fiscal year, and during each of the next

ensuing five fiscal years, provided however that (i) the information

required by this paragraph may be provided for groupings of projects in

those cases where the director of the budget determines it cannot be

provided on a project by project basis,

(5) the estimated date of project completion, and

(6) the amount of the total project costs for which the state or state

agency will be contractually obligated as of the close of the then

current fiscal year;

b. summaries of the following:

(1) the agency's proposed capital and maintenance activities, goals

and objectives, including explanations of any changes to the goals and

objectives resulting from new program initiatives, completion of prior

program initiatives, or mandated legislative changes,

(2) the agency's proposed new and anticipated future capital

appropriations by capital projects funds and by comprehensive

construction programs,

(3) the agency's appropriations and reappropriations as currently

enacted by capital projects funds and by comprehensive construction

programs,

(4) agency's projected capital construction contract commitments and a

comparison with previous commitment plans,

(5) the agency's total estimated disbursements, by capital projects

funds and comprehensive construction programs, from existing and

proposed new and future appropriations, a discussion of the assumptions

underlying such estimated disbursements, and an explanation of the

annual increase and/or decrease in such estimated disbursements,

(6) recommendations for financing the capital programs inclusive of

pay-as-you-go financing, general fund revenues, special revenues such as

user charges and federal grants, existing debt authorization and new

debt authorization, and an explanation of the relative advantages of the

methods proposed over the alternative;

c. for the purposes of the subdivision, capital projects of less than

fifty thousand dollars may be grouped into appropriate categories; and

d. a five-year scheduled maintenance plan for the agency's capital

assets prepared in accordance with section twenty-six of this chapter.