* § 470. Expenditure of moneys. 1. In accordance with the provisions\nof the Transportation Infrastructure Bond Act of 2000 authorizing the\ncreation of general obligation debt in the amount of three billion eight\nhundred million dollars ($3,800,000,000), the moneys received by the\nstate from the sale of bonds and/or notes shall be expended for uses\neligible pursuant to the Transportation Infrastructure Bond Act of 2000\npursuant to annual appropriations as follows:\n (a) One billion nine hundred million dollars ($1,900,000,000) as\nauthorized by paragraph (a) of subdivision two of this section;\n (b) Three hundred million dollars ($300,000,000) as authorized by\nparagraph (b) of subdivision two of this section; and\n (c) One billion six hundred million dollars ($1,600,000,000) as\nauthorized by subdivision two of section twelve hundred seventy-e of the\npublic authorities law.\n 2. Program distribution. The moneys received by the state from the\nsale of bonds sold pursuant to the Transportation Infrastructure Bond\nAct of 2000 for uses eligible pursuant to subdivisions a and b of\nsection four of the Transportation Infrastructure Bond Act of 2000 shall\nbe expended for the following transportation programs, pursuant to\nannual appropriations:\n (a) One billion nine hundred million dollars ($1,900,000,000) for the\nconstruction, reconstruction, replacement, improvement, reconditioning,\nrehabilitation and preservation, including engineering, construction\nmanagement, site preparation, clearances, the preparation of designs,\nplans, specifications, estimates, environmental impact statements,\nappraisals and surveys, and the acquisition of real property and\ninterests therein required or expected to be required in connection\ntherewith, of: state highways, bridges and parkways; highways and\nbridges off the state highway system necessary or reasonably expected to\nbe necessary as a project component or incidental to projects otherwise\nauthorized by this paragraph in relation to the canal system and\nappurtenances thereto; border crossing enhancements either on or off the\nstate highway system; the improvement and/or elimination of\nhighway-railroad grade crossings either on or off the state highway\nsystem; pedestrian and/or bicycle trails, pathways and bridges that\nserve transportation needs; the canal system and appurtenances thereto,\nincluding moveable bridges that cross over the canal system, canal\ninfrastructure improvement and enhancement projects, and improvement and\nenhancement of canal harbors, service ports, marine terminals and marine\ntransportation facilities on the canal system. Recognizing the\nimportance of addressing the most urgently needed projects in a timely\nfashion, five hundred million dollars ($500,000,000) shall be allocated\nfor uses described in this paragraph as related to projects involving\nthe conversion of Route 17 to I-86, Route 219, and the canal system and\nits appurtenances.\n (b) Three hundred million dollars ($300,000,000) for the construction,\nreconstruction, replacement, improvement, reconditioning, rehabilitation\nand preservation, including engineering, construction management, site\npreparation, clearances, the preparation of designs, plans,\nspecifications, estimates, environmental impact statements, appraisals\nand surveys, and the acquisition of real property and interests therein\nrequired or expected to be required in connection therewith, of:\nhighways and bridges either on or off the state highway system necessary\nor reasonably expected to be necessary as a project component or\nincidental to projects otherwise authorized by this paragraph involving\nairports and aviation facilities, ports, omnibus, mass transit, rapid\ntransit and rail projects; airports and aviation facilities, equipment\nand related projects as part of the program which shall be known as the\nNew York Statewide Opportunities for Airport Revitalization ("NY SOARs")\nprogram, exclusive of those ‹ Prev All New York sections Next ›
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