N.Y. Transportation Law § 470: Expenditure of moneys

* § 470. Expenditure of moneys. 1. In accordance with the provisions

of the Transportation Infrastructure Bond Act of 2000 authorizing the

creation of general obligation debt in the amount of three billion eight

hundred million dollars ($3,800,000,000), the moneys received by the

state from the sale of bonds and/or notes shall be expended for uses

eligible pursuant to the Transportation Infrastructure Bond Act of 2000

pursuant to annual appropriations as follows:

(a) One billion nine hundred million dollars ($1,900,000,000) as

authorized by paragraph (a) of subdivision two of this section;

(b) Three hundred million dollars ($300,000,000) as authorized by

paragraph (b) of subdivision two of this section; and

(c) One billion six hundred million dollars ($1,600,000,000) as

authorized by subdivision two of section twelve hundred seventy-e of the

public authorities law.

2. Program distribution. The moneys received by the state from the

sale of bonds sold pursuant to the Transportation Infrastructure Bond

Act of 2000 for uses eligible pursuant to subdivisions a and b of

section four of the Transportation Infrastructure Bond Act of 2000 shall

be expended for the following transportation programs, pursuant to

annual appropriations:

(a) One billion nine hundred million dollars ($1,900,000,000) for the

construction, reconstruction, replacement, improvement, reconditioning,

rehabilitation and preservation, including engineering, construction

management, site preparation, clearances, the preparation of designs,

plans, specifications, estimates, environmental impact statements,

appraisals and surveys, and the acquisition of real property and

interests therein required or expected to be required in connection

therewith, of: state highways, bridges and parkways; highways and

bridges off the state highway system necessary or reasonably expected to

be necessary as a project component or incidental to projects otherwise

authorized by this paragraph in relation to the canal system and

appurtenances thereto; border crossing enhancements either on or off the

state highway system; the improvement and/or elimination of

highway-railroad grade crossings either on or off the state highway

system; pedestrian and/or bicycle trails, pathways and bridges that

serve transportation needs; the canal system and appurtenances thereto,

including moveable bridges that cross over the canal system, canal

infrastructure improvement and enhancement projects, and improvement and

enhancement of canal harbors, service ports, marine terminals and marine

transportation facilities on the canal system. Recognizing the

importance of addressing the most urgently needed projects in a timely

fashion, five hundred million dollars ($500,000,000) shall be allocated

for uses described in this paragraph as related to projects involving

the conversion of Route 17 to I-86, Route 219, and the canal system and

its appurtenances.

(b) Three hundred million dollars ($300,000,000) for the construction,

reconstruction, replacement, improvement, reconditioning, rehabilitation

and preservation, including engineering, construction management, site

preparation, clearances, the preparation of designs, plans,

specifications, estimates, environmental impact statements, appraisals

and surveys, and the acquisition of real property and interests therein

required or expected to be required in connection therewith, of:

highways and bridges either on or off the state highway system necessary

or reasonably expected to be necessary as a project component or

incidental to projects otherwise authorized by this paragraph involving

airports and aviation facilities, ports, omnibus, mass transit, rapid

transit and rail projects; airports and aviation facilities, equipment

and related projects as part of the program which shall be known as the

New York Statewide Opportunities for Airport Revitalization ("NY SOARs")

program, exclusive of those airports and facilities under the

jurisdiction of the port authority of New York and New Jersey or

operated by the state of New York; ports, marine terminals and marine

transportation facilities exclusive of those under the jurisdiction of

the port authority of New York and New Jersey or the canal corporation;

omnibus, mass transit and rapid transit systems, facilities, and

equipment, including acquisition, exclusive of those operated or

acquired by or under the jurisdiction of the metropolitan transportation

authority and its subsidiaries, the New York city transit authority and

its subsidiaries and the Triborough bridge and tunnel authority; urban,

commuter and intercity passenger rail, freight rail, and intermodal

passenger and freight facilities and equipment, including alterations

necessary to improve track clearances, and also including facilities

used jointly by commuter railroad companies and freight railroad

companies, but otherwise exclusive of those operated by or under the

jurisdiction of the metropolitan transportation authority and its

subsidiaries, the New York city transit authority and its subsidiaries

and the Triborough bridge and tunnel authority.

* NB Not effective due to defeat of the Transportation Bond Act of

2000