N.Y. Transportation Law § 480: Expenditure of moneys

§ 480. Expenditure of moneys. 1. In accordance with the provisions of

the rebuild and renew New York transportation bond act of two thousand

five authorizing the creation of general obligation debt in the amount

of two billion nine hundred million dollars ($2,900,000,000), the moneys

received by the state from the sale of bonds and/or notes shall be

expended for uses eligible pursuant to the rebuild and renew New York

transportation bond act of two thousand five pursuant to annual

appropriations as follows:

(a) One billion four hundred fifty million dollars ($1,450,000,000) as

authorized by subdivision two of this section; and

(b) One billion four hundred fifty million dollars ($1,450,000,000) as

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

public authorities law.

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

sale of bonds sold pursuant to the rebuild and renew New York

transportation bond act of two thousand five for uses eligible pursuant

to subdivision a of section four of the rebuild and renew New York

transportation bond act of two thousand five shall be expended for the

following transportation programs, pursuant to annual appropriations:

One billion four hundred fifty million dollars ($1,450,000,000) 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; 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 in relation to airports and aviation facilities, ports,

omnibus, mass transit, rapid transit and rail projects; 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;

airports and aviation facilities, equipment and related projects,

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; 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.