§ 54-j. Court facilities incentive aid. 1. State assistance shall be\napportioned and paid in accordance with this subdivision to each\npolitical subdivision of the state specified in paragraph (a) of\nsubdivision two of section thirty-nine of the judiciary law that has\nentered into a lease, sublease or other agreement with the dormitory\nauthority pursuant to section sixteen hundred eighty-b of the public\nauthorities law or that after July first, nineteen hundred seventy-seven\neither entered into a lease, sublease or other agreement with the\ndormitory authority pursuant to section sixteen hundred eighty-a of the\npublic authorities law or undertook to design, acquire, construct,\nreconstruct, rehabilitate or improve facilities for the transaction of\nbusiness by the unified court system and issued notes or bonds to fund\nthe cost thereof; provided, however, that no political subdivision\nissuing notes or bonds after the effective date of this section shall be\nentitled to state assistance pursuant to this subdivision unless, prior\nto the issuance of such notes or bonds, the chief administrator of the\ncourts certifies that the court facility or facilities in connection\nwith which such notes or bonds are to be issued are consistent with the\ncapital plan approved pursuant to section sixteen hundred eighty-c of\nthe public authorities law. The amount of assistance to be paid\nhereunder during each state fiscal year commencing on or after April\nfirst, nineteen hundred eighty-eight, shall be equal to (a) a percentage\nof the interest on notes and bonds of the dormitory authority issued to\nprovide court facilities, as defined in section sixteen hundred\nseventy-six of the public authorities law, included in the rentals or\nother payments required to be made during such state fiscal year under\neach such lease, sublease or other agreement with the dormitory\nauthority and the interest on such notes and bonds included in the\nrentals or other payments required to be made during each of the state\nfiscal years commencing prior to April first, nineteen hundred\neighty-eight under each such lease, sublease or other agreement with the\ndormitory authority and (b) a percentage of the interest on notes or\nbonds issued by such political subdivision after July first, nineteen\nhundred seventy-seven in connection with facilities for the transaction\nof business by the unified court system, to be paid during such state\nfiscal year and the interest on such notes and bonds paid by such\npolitical subdivision during each of the state fiscal years commencing\nprior to April first, nineteen hundred eighty-eight. The percentage of\nsuch interest shall be determined as follows: (i) if the taxing capacity\nof the political subdivision is not more than eighty-five percent of the\naverage taxing capacity, thirty-three percent; (ii) if the taxing\ncapacity of the political subdivision is more than eighty-five percent\nand not more than ninety-one percent of the average taxing capacity,\nthirty-one percent; (iii) if the taxing capacity of the political\nsubdivision is more than ninety-one percent and not more than\nninety-nine percent of the average taxing capacity, twenty-nine percent;\n(iv) if the taxing capacity of the political subdivision is more than\nninety-nine percent and not more than one hundred seven percent of the\naverage taxing capacity, twenty-seven percent; (v) if the taxing\ncapacity of the political subdivision is more than one hundred seven\npercent and not more than one hundred fifteen percent of the average\ntaxing capacity, twenty-six percent; and (vi) if the taxing capacity of\nthe political subdivision is more than one hundred fifteen percent of\nthe average taxing capacity, twenty-five percent.\n Notwithstanding the foregoing, in the event the dormitory authority\nenters into an interest rate exchange agreement or similar agreement\npursuant to sections sixteen hundred eighty-b and twenty-nine hundred\ntwenty-six of t
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