N.Y. TRA Law § 470 — New York Code / Act TRA / Article 21 / Section 470
Expenditure of moneys
Status: in_force

* § 470. Expenditure of moneys. 1. In accordance with the provisions\nof the Transportation Infrastructure Bond Act of 2000 authorizing the\ncreation of general obligation debt in the amount of three billion eight\nhundred million dollars ($3,800,000,000), the moneys received by the\nstate from the sale of bonds and/or notes shall be expended for uses\neligible pursuant to the Transportation Infrastructure Bond Act of 2000\npursuant to annual appropriations as follows:\n  (a) One billion nine hundred million dollars ($1,900,000,000) as\nauthorized by paragraph (a) of subdivision two of this section;\n  (b) Three hundred million dollars ($300,000,000) as authorized by\nparagraph (b) of subdivision two of this section; and\n  (c) One billion six hundred million dollars ($1,600,000,000) as\nauthorized by subdivision two of section twelve hundred seventy-e of the\npublic authorities law.\n  2. Program distribution. The moneys received by the state from the\nsale of bonds sold pursuant to the Transportation Infrastructure Bond\nAct of 2000 for uses eligible pursuant to subdivisions a and b of\nsection four of the Transportation Infrastructure Bond Act of 2000 shall\nbe expended for the following transportation programs, pursuant to\nannual appropriations:\n  (a) One billion nine hundred million dollars ($1,900,000,000) for the\nconstruction, reconstruction, replacement, improvement, reconditioning,\nrehabilitation and preservation, including engineering, construction\nmanagement, site preparation, clearances, the preparation of designs,\nplans, specifications, estimates, environmental impact statements,\nappraisals and surveys, and the acquisition of real property and\ninterests therein required or expected to be required in connection\ntherewith, of: state highways, bridges and parkways; highways and\nbridges off the state highway system necessary or reasonably expected to\nbe necessary as a project component or incidental to projects otherwise\nauthorized by this paragraph in relation to the canal system and\nappurtenances thereto; border crossing enhancements either on or off the\nstate highway system; the improvement and/or elimination of\nhighway-railroad grade crossings either on or off the state highway\nsystem; pedestrian and/or bicycle trails, pathways and bridges that\nserve transportation needs; the canal system and appurtenances thereto,\nincluding moveable bridges that cross over the canal system, canal\ninfrastructure improvement and enhancement projects, and improvement and\nenhancement of canal harbors, service ports, marine terminals and marine\ntransportation facilities on the canal system. Recognizing the\nimportance of addressing the most urgently needed projects in a timely\nfashion, five hundred million dollars ($500,000,000) shall be allocated\nfor uses described in this paragraph as related to projects involving\nthe conversion of Route 17 to I-86, Route 219, and the canal system and\nits appurtenances.\n  (b) Three hundred million dollars ($300,000,000) for the construction,\nreconstruction, replacement, improvement, reconditioning, rehabilitation\nand preservation, including engineering, construction management, site\npreparation, clearances, the preparation of designs, plans,\nspecifications, estimates, environmental impact statements, appraisals\nand surveys, and the acquisition of real property and interests therein\nrequired or expected to be required in connection therewith, of:\nhighways and bridges either on or off the state highway system necessary\nor reasonably expected to be necessary as a project component or\nincidental to projects otherwise authorized by this paragraph involving\nairports and aviation facilities, ports, omnibus, mass transit, rapid\ntransit and rail projects; airports and aviation facilities, equipment\nand related projects as part of the program which shall be known as the\nNew York Statewide Opportunities for Airport Revitalization ("NY SOARs")\nprogram, exclusive of those airports and facilities under the\njurisdiction of the port authority of New York and New Jersey or\noperated by the state of New York; ports, marine terminals and marine\ntransportation facilities exclusive of those under the jurisdiction of\nthe port authority of New York and New Jersey or the canal corporation;\nomnibus, mass transit and rapid transit systems, facilities, and\nequipment, including acquisition, exclusive of those operated or\nacquired by or under the jurisdiction of the metropolitan transportation\nauthority and its subsidiaries, the New York city transit authority and\nits subsidiaries and the Triborough bridge and tunnel authority; urban,\ncommuter and intercity passenger rail, freight rail, and intermodal\npassenger and freight facilities and equipment, including alterations\nnecessary to improve track clearances, and also including facilities\nused jointly by commuter railroad companies and freight railroad\ncompanies, but otherwise exclusive of those operated by or under the\njurisdiction of the metropolitan transportation authority and its\nsubsidiaries, the New York city transit authority and its subsidiaries\nand the Triborough bridge and tunnel authority.\n  * NB Not effective due to defeat of the Transportation Bond Act of\n2000\n