NY Pub Auth L § 1285-P (2021)
2021 New York Laws PBA - Public Authorities Article 5 - Public Utility Authorities Title 12 - New York State Environmental Facilities Corporation 1285-P - State Environmental Infrastructure Projects.

§  1285-p.  State  environmental  infrastructure projects. In order to   effectuate the purposes of this title, the corporation  shall  have  the   following additional special powers:1.  Subject  to  chapter  fifty-nine  of the laws of two thousand, but   notwithstanding any other provisions of law to the contrary, in order to   assist  the  corporation  in  undertaking  the  administration  and  the   financing   of   the  design,  acquisition,  construction,  improvement,   installation, and related work for all or any  portion  of  any  of  the   following environmental infrastructure projects and for the provision of   funds  to  the  state  for  any amounts disbursed therefor: (a) projects   authorized  under  the  environmental  protection  fund,  or  for  which   appropriations  are made to the environmental protection fund including,   but  not  limited  to  municipal  parks   and   historic   preservation,   stewardship,  farmland  protection, non-point source, pollution control,   Hudson River Park, land acquisition, and waterfront revitalization;  (b)   department  of  environmental  conservation  capital  appropriations for   Onondaga Lake for certain water quality improvement projects in the same   manner as set forth in paragraph  (d)  of  subdivision  one  of  section   56-0303  of  the  environmental conservation law; (c) for the purpose of   the  administration,  management,  maintenance,  and  use  of  the  real   property  at the western New York nuclear service center; (d) department   of   environmental   conservation   capital   appropriations   for   the   administration,    design,   acquisition,   construction,   improvement,   installation,  and  related  work   on   department   of   environmental   conservation environmental infrastructure projects; (e) office of parks,   recreation  and historic preservation appropriations or reappropriations   from the state parks infrastructure fund; (f)  capital  grants  for  the   cleaner, greener communities program; (g) capital costs of water quality   infrastructure   projects   and   (h)   capital  costs  of  clean  water   infrastructure projects the director of the division of budget  and  the   corporation  are  each  authorized  to  enter  into  one or more service   contracts, none of which shall exceed twenty  years  in  duration,  upon   such terms and conditions as the director and the corporation may agree,   so as to annually provide to the corporation in the aggregate, a sum not   to exceed the annual debt service payments and related expenses required   for  any  bonds  and notes authorized pursuant to section twelve hundred   ninety of this title. Any service contract entered into pursuant to this   section shall provide that the obligation of the state to fund or to pay   the amounts therein provided for shall not  constitute  a  debt  of  the   state  within  the  meaning of any constitutional or statutory provision   and shall be deemed executory only to the extent of moneys available for   such purposes, subject to annual appropriation by the  legislature.  Any   such  service contract or any payments made or to be made thereunder may   be assigned and pledged by the corporation as security for its bonds and   notes, as authorized pursuant to section twelve hundred ninety  of  this   title.2.   The   comptroller  is  hereby  authorized  to  receive  from  the   corporation any portion of bond proceeds paid to provide  funds  for  or   reimburse   the   state   for   its  costs  associated  with  any  state   environmental infrastructure projects and to credit such amounts to  the   capital projects fund or any other appropriate fund.3.  The  maximum amount of bonds that may be issued for the purpose of   financing  environmental  infrastructure  projects  authorized  by  this   section  shall  be seven billion one hundred thirty million ten thousand   dollars $7,130,010,000, exclusive of  bonds  issued  to  fund  any  debt   service reserve funds, pay costs of issuance of such bonds, and bonds or   notes  issued  to  refund  or  otherwise repay bonds or notes previously   issued. Such bonds and notes of the corporation shall not be a  debt  of    the  state, and the state shall not be liable thereon, nor shall they be   payable out of any funds other than those appropriated by the  state  to   the  corporation  for  debt service and related expenses pursuant to any   service  contracts executed pursuant to subdivision one of this section,   and such bonds and notes shall contain on the face thereof  a  statement   to such effect.