§ 380. Further additional powers of the authority to finance certain\nlocal highway and bridge improvements and payments to the authority. 1.\n(a) The authority is hereby authorized, as additional corporate purposes\nthereof: (i) to issue bonds and notes and to incur obligations secured\nby the moneys as provided in the service contracts authorized pursuant\nto section eleven of chapter three hundred twenty-nine of the laws of\nnineteen hundred ninety-one, as amended; (ii) to make available the\nproceeds from the sale of such bonds and notes, net of all costs to the\nauthority in connection therewith, for the purposes of financing all or\na portion of the capital costs of local highway and bridge projects\npursuant to sections ten-c, ten-f and ten-g of the highway law and\nsections sixteen and sixteen-a of the chapter of the laws of nineteen\nhundred ninety-one which enacted this section, section eighty-b of the\nhighway law and section fifteen of chapter three hundred twenty-nine of\nthe laws of nineteen hundred ninety-one which enacted this section, and\nproject costs for: construction, reconstruction, improvement,\nreconditioning and preservation of rail freight facilities and intercity\nrail passenger facilities and equipment; construction, reconstruction,\nimprovement, reconditioning and preservation of state, municipal and\nprivately owned ports; construction, reconstruction, improvement,\nreconditioning and preservation of municipal airports; privately owned\nairports and aviation capital facilities, excluding airports operated by\nthe state or operated by a bi-state municipal corporate instrumentality\nfor which federal funding is not available provided the project is\nconsistent with an approved airport layout plan; construction,\nreconstruction, enhancement, improvement, replacement, reconditioning,\nrestoration, rehabilitation and preservation of state, county, town,\ncity and village roads, highways, parkways and bridges, and\nconstruction, reconstruction, improvement, reconditioning and\npreservation of fixed ferry facilities of municipal and privately owned\nferry lines for transportation purposes; (iii) to enter into agreements\nwith the commissioner with respect to financing any such local highways\nand bridges owned, maintained or operated by a municipality, and (iv) to\nenter into service contracts, contracts, agreements, deeds and leases\nwith the director of the budget or the commissioner of transportation\nand project sponsors and others to provide for the financing by the\nauthority of project costs for: construction, reconstruction,\nimprovement, reconditioning and preservation of rail freight facilities\nand intercity rail passenger facilities and equipment; construction,\nreconstruction, improvement, reconditioning and preservation of state,\nmunicipal and privately owned ports; construction, reconstruction,\nimprovement, reconditioning and preservation of municipal airports;\nprivately owned airports and aviation capital facilities, excluding\nairports operated by the state or operated by a bi-state municipal\ncorporate instrumentality for which federal funding is not available\nprovided the project is consistent with an approved airport layout plan;\nconstruction, reconstruction, enhancement, improvement, replacement,\nreconditioning, restoration, rehabilitation and preservation of state,\ncounty, town, city and village roads, highways, parkways and bridges;\nand construction, reconstruction, improvement, reconditioning and\npreservation of fixed ferry facilities of municipal and privately owned\nferry lines for transportation purposes. The director of the budget and\nthe commissioner of transportation are each hereby authorized to enter\ninto service contracts, contracts, agreements, deeds and leases with the\nauthority, project sponsors or others to provide for the financing by\nthe authority of the project costs specified in subparagraph (iv) of the\npreceding sentence.\n (b) Such obligations sha
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