NY Transp L § 470 (2021)
2021 New York Laws TRA - Transportation Article 21 - Implementation of the Transportation Infrastructure Bond Act of 2000 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