NY Pub Auth L § 1270-I (2021)
2021 New York Laws PBA - Public Authorities Article 5 - Public Utility Authorities Title 11 - Metropolitan Commuter Transportation Authority 1270-I - New York City Transportation Assistance Fund.

§  1270-i.  New  York  city  transportation  assistance  fund.  1. The   authority shall create and establish a fund to be known as the "New York   city transportation assistance fund" which shall be kept  separate  from   and  shall not be commingled with any other moneys of the authority. The   New York city transportation assistance  fund  shall  consist  of  three   separate accounts: (i) the "subway action plan account"; (ii) the "outer   borough  transportation  account"; and (iii) the "general transportation   account".  The authority shall make deposits in the subway  action  plan   account  of  the  moneys  received  by  it pursuant to the provisions of   subdivision (c) of section twelve hundred ninety-nine-H of the  tax  law   in  accordance  with  the provisions thereof, shall make deposits in the   outer borough transportation  account  of  the  moneys  received  by  it   pursuant  to the provisions of subdivision (d) of section twelve hundred   ninety-nine-H of the tax law in accordance with the provisions  thereof,   and  shall  make  deposits  in the general transportation account of the   moneys received by it pursuant to the provisions of subdivision  (e)  of   section  twelve  hundred ninety-nine-H of the tax law in accordance with   the provisions thereof, and pursuant to the provisions of section eleven   hundred eleven-C of vehicle and traffic law.2. Moneys in the subway action plan account  shall  be  used  for  the   exclusive  purpose  of  funding  the  operating and capital costs of the   metropolitan transportation authority's  New  York  city  subway  action   plan.  Such funds may be used for infrastructure including construction,   reconstruction,  reconditioning  and  preservation   of   transportation   systems,  facilities  and  equipment,  acquisition  of property, and for   operating costs  including  personal  services,  non-personal  services,   fringe benefits, and contractual services. Funds may also be used to pay   or  to  reimburse  the  authority  for  its  payment of debt service and   reserve requirements on that portion of authority bonds and notes issued   by the authority for capital costs of  the  metropolitan  transportation   authority's New York city subway action plan.3.  Moneys  in  the outer borough transportation account shall be used   for the exclusive purpose of funding the operating and capital costs  of   metropolitan transportation authority facilities, equipment and services   in  the  counties of Bronx, Kings, Queens and Richmond, and any projects   improving transportation connections from  such  counties  to  New  York   County.   Such   funds   may   be   used  for  infrastructure  including   construction,  reconstruction,  reconditioning   and   preservation   of   transportation   systems,   facilities  and  equipment,  acquisition  of   property,  and  for  operating  costs   including   personal   services,   non-personal  services, fringe benefits, and contractual services. Funds   may also be used to fund a toll  reduction  program  for  any  crossings   under  the  jurisdiction of the metropolitan transportation authority or   its subsidiaries or affiliates. Funds may also be  used  to  pay  or  to   reimburse  the  authority  for  its  payment of debt service and reserve   requirements on that portion of authority bonds and notes that have been   issued by the authority specifically for the authorized purpose of  this   account.  Notwithstanding any law to the contrary, final approval of the   use of any funds paid into  the  outer  borough  transportation  account   shall  be  unanimously  approved  by  three  members of the Metropolitan   Transportation  Authority  Capital  Program  Review  Board,  established   pursuant  to  section  twelve  hundred  sixty-nine-a  of  this  title so   designated pursuant to this subdivision.  For  purposes  of  such  final   approvals  the  three  voting  members  are:  the  member appointed upon   recommendation by the temporary president  of  the  senate;  the  member   appointed upon recommendation of speaker of the assembly; and the member   appointed by the governor. 4.  Moneys  in  the  general  transportation account shall be used for   funding  the  operating  and   capital   costs   of   the   metropolitan   transportation  authority.  Such  funds  may  be used for infrastructure   including construction, reconstruction, reconditioning and  preservation   of  transportation  systems,  facilities  and  equipment, acquisition of   property,  and  for  operating  costs   including   personal   services,   non-personal  services, fringe benefits, and contractual services. Funds   may also be used to pay or to reimburse the authority for its payment of   debt service and reserve requirements on that portion of authority bonds   and notes that have been issued by the authority  specifically  for  the   purposes of this account.5. Any revenues deposited in the subway action plan account, the outer   borough  transportation  account,  or the general transportation account   pursuant to subdivision one of this section shall  be  used  exclusively   for  the  purposes  described, respectively, in subdivisions two, three,   and four of this section. Such revenues shall only supplement and  shall   not  supplant  any  federal,  state,  or  local  funds  expended  by the   metropolitan transportation authority, such  authority's  affiliates  or   subsidiaries for such respective purposes.6.  Any  revenues  deposited  into  the  New  York city transportation   assistance fund pursuant to subdivision one of this section shall not be   diverted into the general fund of the state, any other fund  established   by  the  chapter  of  the laws of two thousand eighteen which added this   subdivision, any other fund maintained for  the  support  of  any  other   governmental  purpose,  or  for  any  other  purpose  not  authorized by   subdivisions two, three and four of this section.7. The authority shall report on the receipt and  uses  of  all  funds   received  by  the  New  York city transportation assistance fund, and in   each of its accounts, to the  director  of  the  budget,  the  temporary   president  of  the senate, and the speaker of the assembly, on an annual   basis no later than the first day of February.