NY Transp L § 480 (2021)
2021 New York Laws TRA - Transportation Article 22 - Implementation of the Rebuild and Renew New York Transportation Bond Act of 2005 480 - Expenditure of Moneys.

§  480. Expenditure of moneys. 1. In accordance with the provisions of the rebuild and renew New York transportation bond act of  two  thousand five  authorizing  the creation of general obligation debt in the amount of two billion nine hundred million dollars ($2,900,000,000), the moneys received by the state from the sale  of  bonds  and/or  notes  shall  be expended  for  uses  eligible pursuant to the rebuild and renew New York transportation  bond  act  of  two  thousand  five  pursuant  to  annual appropriations as follows:  (a) One billion four hundred fifty million dollars ($1,450,000,000) as authorized by subdivision two of this section; and  (b) One billion four hundred fifty million dollars ($1,450,000,000) as authorized by subdivision two of section twelve hundred seventy-f of the public authorities law.   2.  Program  distribution.  The  moneys received by the state from the sale  of  bonds  sold  pursuant  to  the  rebuild  and  renew  New  York transportation  bond act of two thousand five for uses eligible pursuant to subdivision a of section four of  the  rebuild  and  renew  New  York transportation  bond  act of two thousand five shall be expended for the following transportation programs, pursuant to annual appropriations:   One billion four hundred fifty million  dollars  ($1,450,000,000)  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;  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  in  relation  to  airports  and  aviation  facilities, ports, omnibus, mass transit, rapid transit and rail projects; 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; airports  and  aviation  facilities,  equipment  and  related  projects, 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; 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.