§ 1689-a. Public school districts; authority financing of eligible\nschool construction projects; rebuilding schools to uphold education\n(RESCUE). 1. The dormitory authority is authorized to finance eligible\nschool construction projects for those public school districts which are\napproved by the commissioner of education to receive aid apportionment\nfor rebuilding schools to uphold education (RESCUE) pursuant to\nsubdivision ten of section thirty-six hundred forty-one of the education\nlaw.\n 2. (a) Notwithstanding the provisions of any general or special law\nto the contrary, and subject to the making of annual appropriations\ntherefor by the legislature, in order to assist the dormitory authority\nin the financing and refinancing of such eligible school construction\nprojects, the director of the budget is authorized in any state fiscal\nyear commencing April first, nineteen hundred ninety-nine through and\ninclusive of the state fiscal year commencing April first, two thousand\nfive to enter into one or more service contracts, none of which shall\nexceed thirty years in duration, with the dormitory authority, upon such\nterms as the director of the budget and the dormitory authority agree;\n (b) Any service contract entered into pursuant to paragraph (a) of\nthis subdivision or any payments made or to be made thereunder may be\nassigned and pledged by the dormitory authority as security for its\nbonds, notes, or other obligations;\n (c) Any such service contract shall provide that the obligation of the\ndirector of the budget or of the state to fund or to pay the amounts\ntherein provided for shall not constitute a debt of the state within the\nmeaning of any constitutional or statutory provision in the event the\ndormitory authority assigns or pledges the service contract payments as\nsecurity for its bonds, notes, or other obligations and shall be deemed\nexecutory only to the extent moneys are available and that no liability\nshall be incurred by the state beyond the moneys available for the\npurpose, and that such obligation is subject to annual appropriation by\nthe legislature;\n (d) Any service contract or contracts entered into pursuant to this\nsubdivision shall provide for state commitments to provide annually to\nthe dormitory authority a sum or sums, upon such terms and conditions as\nshall be deemed appropriate by the director of the budget, to fund the\nprincipal, interest, or other related expenses required for any bonds,\nnotes, or other obligations.\n 3. (a) The commissioner of education shall certify, from time to time,\nto the dormitory authority, the comptroller, the director of the\ndivision of the budget, the chairman of the senate finance committee and\nthe chairman of the assembly ways and means committee each school\ndistrict for which he has approved an aid apportionment for authority\nfinancing of an eligible school construction project pursuant to\nsubdivision ten of section thirty-six hundred forty-one of the education\nlaw. Such certification, which shall be made within thirty days after\nsuch approval or as soon thereafter as is practicable, shall identify\nthe amount of aid apportionment which has been approved for such school\ndistrict and shall estimate the date or dates when such project will be\nundertaken to assist the authority in establishing a schedule for\nfinancing such project. The commissioner shall notify the authority if\nthere is a change in such date.\n (b) On or before November fifteenth of each year and again on or after\nFebruary fifteenth of each year, the dormitory authority shall submit,\nand thereafter may resubmit, to the director of the budget, the state\ncomptroller, the commissioner of education, the chairman of the senate\nfinance committee and the chairman of the assembly ways and means\ncommittee a report setting forth the amounts, if any, of all annual\npayments estimated to be appropriated to the dormitory authority\npursuant to such service contrac
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