N.Y. Transportation Law 480 – Expenditure of moneys
§ 480. Expenditure of moneys. 1. In accordance with the provisions of the rebuild and renew New York transportation bond act of two thousand five authorizing the creation of general obligation debt in the amount of two billion nine hundred million dollars ($2,900,000,000), the moneys received by the state from the sale of bonds and/or notes shall be expended for uses eligible pursuant to the rebuild and renew New York transportation bond act of two thousand five pursuant to annual appropriations as follows:
Terms Used In N.Y. Transportation Law 480
- Canal system: shall mean the "New York state canal system" shall mean all of the canals, canal lands, feeder canals, reservoirs, canal terminals, canal terminal lands and other property under the jurisdiction of the canal corporation of the state of New York pursuant to Article 1-A of the canal law. See N.Y. Transportation Law 481
- Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
- Metropolitan transportation authority: shall mean the corporation created by § 1263 of the public authorities law. See N.Y. Transportation Law 481
- New York city transit authority: shall mean the corporation created by § 1201 of the public authorities law. See N.Y. Transportation Law 481
- Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
- Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
- Triborough bridge and tunnel authority: shall mean the corporation created by § 552 of the public authorities law. See N.Y. Transportation Law 481
(a) One billion four hundred fifty million dollars ($1,450,000,000) as authorized by subdivision two of this section; and
(b) One billion four hundred fifty million dollars ($1,450,000,000) as authorized by subdivision two of § 1270-f of the public authorities law.
2. Program distribution. The moneys received by the state from the sale of bonds sold pursuant to the rebuild and renew New York transportation bond act of two thousand five for uses eligible pursuant to subdivision a of section four of the rebuild and renew New York transportation bond act of two thousand five shall be expended for the following transportation programs, pursuant to annual appropriations:
One billion four hundred fifty million dollars ($1,450,000,000) for the construction, reconstruction, replacement, improvement, reconditioning, rehabilitation and preservation, including engineering, construction management, site preparation, clearances, the preparation of designs, plans, specifications, estimates, environmental impact statements, appraisals and surveys, and the acquisition of real property and interests therein required or expected to be required in connection therewith, of: state highways, bridges and parkways; highways and bridges off the state highway system necessary or reasonably expected to be necessary as a project component or incidental to projects otherwise authorized by this paragraph in relation to the canal system and appurtenances thereto; highways and bridges either on or off the state highway system necessary or reasonably expected to be necessary as a project component or incidental to projects otherwise authorized by this paragraph in relation to airports and aviation facilities, ports, omnibus, mass transit, rapid transit and rail projects; border crossing enhancements either on or off the state highway system; the improvement and/or elimination of highway-railroad grade crossings either on or off the state highway system; pedestrian and/or bicycle trails, pathways and bridges that serve transportation needs; the canal system and appurtenances thereto, including moveable bridges that cross over the canal system, canal infrastructure improvement and enhancement projects, and improvement and enhancement of canal harbors, service ports, marine terminals and marine transportation facilities on the canal system; airports and aviation facilities, equipment and related projects, exclusive of those airports and facilities under the jurisdiction of the port authority of New York and New Jersey or operated by the state of New York; ports, marine terminals and marine transportation facilities exclusive of those under the jurisdiction of the port authority of New York and New Jersey; omnibus, mass transit and rapid transit systems, facilities, and equipment, including acquisition, exclusive of those operated or acquired by or under the jurisdiction of the metropolitan transportation authority and its subsidiaries, the New York city transit authority and its subsidiaries and the Triborough bridge and tunnel authority; urban, commuter and intercity passenger rail, freight rail, and intermodal passenger and freight facilities and equipment, including alterations necessary to improve track clearances, and also including facilities used jointly by commuter railroad companies and freight railroad companies, but otherwise exclusive of those operated by or under the jurisdiction of the metropolitan transportation authority and its subsidiaries, the New York city transit authority and its subsidiaries and the Triborough bridge and tunnel authority.