NY State Fin L § 14-B (2021)
2021 New York Laws STF - State Finance Article 2 - General Fiscal Provisions 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.