2023 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  ten  billion  eight  hundred  sixty-six million five
  hundred sixty  thousand  dollars  $10,866,560,000,  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.