senate Bill S6252

Signed By Governor
2011-2012 Legislative Session

Archive: Last Bill Status - Signed by Governor


  • Introduced
  • In Committee
  • On Floor Calendar
    • Passed Senate
    • Passed Assembly
  • Delivered to Governor
  • Signed by Governor

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Assembly Actions - Lowercase
Senate Actions - UPPERCASE
Mar 30, 2012 signed chap.52
delivered to governor
Mar 20, 2012 returned to senate
passed assembly
ordered to third reading rules cal.21
substituted for a9052
referred to ways and means
delivered to assembly
passed senate
ordered to third reading cal.376
Jan 17, 2012 referred to finance

Votes

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S6252 - Bill Details

See Assembly Version of this Bill:
A9052
Law Section:
Budget Bills

S6252 - Bill Texts

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Makes appropriations for the support of government - State Debt Service Budget.

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                    S T A T E   O F   N E W   Y O R K
________________________________________________________________________

    S. 6252                                                  A. 9052

                      S E N A T E - A S S E M B L Y

                            January 17, 2012
                               ___________

IN  SENATE -- A BUDGET BILL, submitted by the Governor pursuant to arti-
  cle seven of the Constitution -- read twice and ordered  printed,  and
  when printed to be committed to the Committee on Finance

IN  ASSEMBLY  --  A  BUDGET  BILL, submitted by the Governor pursuant to
  article seven of the Constitution -- read once  and  referred  to  the
  Committee on Ways and Means

AN  ACT  making  appropriations  for the legal requirements of the state
  debt service and lease purchase payments and other special contractual
  obligations

  THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
BLY, DO ENACT AS FOLLOWS:

  Section  1.  The  several  sums  specified in this section, or so much
thereof as may be sufficient to accomplish in full the  purposes  desig-
nated by the appropriations, are hereby appropriated to be paid as here-
in  provided for the funds and purposes specified and are made available
for the fiscal year beginning April 1, 2012.

            DEBT SERVICE FUND--GENERAL DEBT SERVICE FUND--311

Maintenance undistributed
For the legal requirements  of  principal,  interest,  and
  related  expenses  on  general obligation bonds, special
  contractual and  revenue  bond  obligations,  as  issued
  pursuant  to  article  5-C  of the state finance law and
  payments for interest rate exchange and  similar  agree-
  ments, in accordance with the following schedule ....... 4,821,360,000
                                                          ==============

                                SCHEDULE

GENERAL OBLIGATION PAYMENTS
The  sum  of  $502,500,000,  or  so much thereof as may be
  necessary, is hereby appropriated  for  payment  by  the

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD12652-01-2

S. 6252                             2                            A. 9052

  state comptroller for general obligation bonds issued in
  connection  with  higher  education  construction,  pure
  waters, environmental  quality,  transportation  capital
  facilities, rail preservation, outdoor recreation devel-
  opment, energy conservation through improved transporta-
  tion, parks and recreation land acquisition, rebuild New
  York  through  transportation infrastructure renewal and
  accelerated capacity and transportation improvements  of
  the  nineties,  clean  water/clean  air, and rebuild and
  renew New York transportation  purposes,  in  accordance
  with the following sub-schedule .......................... 502,500,000
                                                          --------------

                              sub-schedule

Debt service payments ...................................... 500,000,000
Related expenses ............................................. 2,500,000
                                                          --------------
Total of sub-schedule ...................................... 502,500,000
                                                          ==============

SPECIAL CONTRACTUAL OBLIGATION PAYMENTS
The  several sums, or so much thereof as may be sufficient
  to accomplish in full the  purposes  designated  by  the
  appropriations, are hereby appropriated and are, subject
  to  the  issuance  of certificates of approval of avail-
  ability by the director of the budget, available for the
  purpose of making payments for special contractual obli-
  gations, in accordance with the following schedule ..... 1,656,960,000
                                                          --------------

                         SCHEDULE

For payment to the Urban Development  Corpo-
  ration  pursuant  to  the provisions of an
  agreement or  agreements  entered  between
  the State and the Urban Development Corpo-
  ration  to  pay for bonds, notes, or other
  obligations issued  or  entered  into  for
  correctional facilities ..................... 60,000,000
For  payment to the Urban Development Corpo-
  ration pursuant to the  provisions  of  an
  agreement   or  agreements  of  lease  and
  sublease entered  into  between,  but  not
  limited  to,  the Urban Development Corpo-
  ration, the Office of General Services and
  the Department  of  Correctional  Services
  for the rental of correctional facilities ... 21,000,000
For  payment according to the following sub-
  schedule to the Urban  Development  Corpo-
  ration for project revenue bonds, pursuant
  to the provisions of certain agreements of
  lease  between  the entities designated on
  the following sub-schedule and  the  state
  of  New  York  and  the assignment of rent

S. 6252                             3                            A. 9052

  thereof to the  Urban  Development  Corpo-
  ration ...................................... 16,000,000

                sub-schedule

Rensselaer  Polytechnic Insti-
  tute (Center for  Industrial
  Innovation) .................... 4,500,000
Syracuse  University  (Science
  and Technology Center) ......... 2,800,000
Cornell University  (Supercom-
  puter Center) .................... 700,000
Columbia  University (Telecom-
  munications Center) ............ 5,000,000
Clarkson University .............. 1,100,000
University Grants 95 Refunding ... 1,900,000
                              --------------
  Total of sub-schedule ......... 16,000,000
                              --------------

For payment to the Urban Development  Corpo-
  ration, the Dormitory Authority, the Thru-
  way  Authority, and/or the Housing Finance
  Agency, for payment  of  bonds  issued  to
  finance  the community enhancement facili-
  ties assistance program,  pursuant  to  an
  agreement   or   agreements  between  such
  authorities and the State .................... 3,500,000
For payment to the Dormitory Authority,  for
  payment  of  bonds  issued  to finance the
  Department  of  Health's   David   Axelrod
  Institute  for  Public Health, pursuant to
  the provisions of an agreement between the
  Dormitory Authority and the Department  of
  Health ....................................... 6,000,000
For  payment to the Dormitory Authority, for
  payment of bonds issued to  finance  State
  Department of Education facilities, pursu-
  ant  to an agreement between the Dormitory
  Authority and the State Education  Depart-
  ment ......................................... 5,500,000
For  payment  to  the Housing Finance Agency
  and the Urban Development Corporation  for
  payment  of  bonds  issued  to finance the
  State's housing programs .................... 62,000,000
For payment to the Metropolitan  Transporta-
  tion  Authority, pursuant to state service
  contracts  authorized  by  section  16  of
  chapter  314  of the laws of 1981, section
  42 of chapter 929 of the laws of 1986,  as
  amended by chapter 13 of the laws of 1987,
  and  section 34 of part O of chapter 61 of
  the laws of 2000 ........................... 165,000,000
For  payment   to   the   State   University
  Construction  Fund,  for  payment  to  the
  Dormitory Authority, pursuant to paragraph

S. 6252                             4                            A. 9052

  (e) of subdivision 19 of section  1680  of
  the  public  authorities  law,  to pay for
  bonds or notes issued by  such  authority,
  pursuant  to  agreements between the State
  University   Construction   Fund,    State
  University  of  New York and the Dormitory
  Authority, relating  to  State  University
  education  facilities. Notwithstanding the
  provisions of  section  40  of  the  state
  finance  law or any other provision of law
  to the contrary, this appropriation  shall
  remain  in  full  force  and  effect until
  April 30, 2013 ............................. 290,000,000
For  payment   to   the   State   University
  Construction  Fund,  for  payment  to  the
  Dormitory Authority,  in  accordance  with
  subdivision  8  of  section  6304  of  the
  education law, for bonds, notes, or  other
  obligations   issued  by  such  authority,
  pursuant to  an  agreement  or  agreements
  among  the  State  University of New York,
  various community colleges and their spon-
  sors,  and  the  Dormitory  Authority  for
  educational    facilities   of   community
  colleges .................................... 30,000,000
For payment to the City University Construc-
  tion  Fund  for  City  University   senior
  colleges   and   for  community  colleges.
  Moneys hereby  appropriated,  or  portions
  thereof,  are  for  payments  net  of  all
  interest and investment earnings on senior
  and community college payments  and  other
  excess earnings held by the City Universi-
  ty  Construction  Fund, in accordance with
  the following sub-schedule ................. 260,000,000

                sub-schedule

City     University     senior
  colleges ..................... 235,000,000
City    University   community
  colleges ...................... 25,000,000
                              --------------
  Total of sub-schedule ........ 260,000,000
                              --------------

For  payment  to  the  Dormitory  Authority,
  pursuant  to  the  provisions of a service
  contract  or  contracts,  for  payment  of
  bonds or notes issued for the financing of
  projects at the Albany County Airport ........ 4,000,000
For  payment  to the Dormitory Authority and
  the  Urban  Development  Corporation   for
  bonds  issued  for  one or more facilities
  provided for the department of  audit  and
  control,  the  New  York  state  and local

S. 6252                             5                            A. 9052

  employees' retirement system, and the  New
  York  state  and  local  police  and  fire
  retirement system and  on  behalf  of  the
  departments  or  agencies having occupancy
  or use of other state facilities and park-
  ing facilities ............................... 1,200,000
For payment to the Thruway Authority, pursu-
  ant to section 380 of the public  authori-
  ties  law,  to  pay  for Local Highway and
  Bridge Service  Contract  bonds  or  notes
  issued  by  such  authority pursuant to an
  agreement between  the  Thruway  Authority
  and the state .............................. 212,000,000
For  payment to the Environmental Facilities
  Corporation to  pay  for  bonds  or  notes
  issued  by  such  authority pursuant to an
  agreement between the Environmental Facil-
  ities Corporation and the Office of Parks,
  Recreation and Historic Preservation ......... 1,000,000
For payment to the Environmental  Facilities
  Corporation,  pursuant to subdivision 1 of
  section 1290  of  the  public  authorities
  law,  to  pay for bonds or notes issued by
  such authority pursuant to a lease  agree-
  ment  between the Environmental Facilities
  Corporation  and  the  Office  of   Parks,
  Recreation   and   Historic   Preservation
  relating to  the  financing  of  Riverbank
  State Park ................................... 5,200,000
For  payment to the Environmental Facilities
  Corporation for bonds and notes issued  by
  such  authority,  pursuant to an agreement
  between   the   Environmental   Facilities
  Corporation   and  the  Office  of  Mental
  Health relating  to  the  financing  of  a
  Waste water treatment facility for Pilgrim
  Psychiatric Center ............................. 960,000
For  payment to the Environmental Facilities
  Corporation, for payment of  bonds  issued
  to  finance  eligible  pipeline  for  jobs
  projects,  pursuant  to  an  agreement  or
  agreements   between   the   Environmental
  Facilities Corporation and the State ......... 1,300,000
For payment to the Environmental  Facilities
  Corporation,  for  payment of bonds issued
  to  finance  environmental  infrastructure
  projects,  pursuant  to  an  agreement  or
  agreements   between   the   Environmental
  Facilities Corporation and the State ........ 14,000,000
For  payment according to the following sub-
  schedule  for  bonds  issued  to   finance
  consolidated service contract refundings ... 480,000,000
                                            --------------

S. 6252                             6                            A. 9052

                sub-schedule

Urban Development Corporation .. 355,000,000
Dormitory Authority ............ 110,000,000
Thruway Authority ............... 15,000,000
                              --------------
  Total of sub-schedule ........ 480,000,000
                              --------------

Total of debt service schedule ............. 1,638,660,000
                                            --------------

For  payment  of related expenses in accord-
  ance with the following schedule.

                         SCHEDULE

Urban Development Corporation .................. 2,000,000
Housing Finance Agency ......................... 2,000,000
Dormitory Authority ........................... 12,500,000
Dormitory Authority Capital Expenses ........... 1,000,000
Environmental Facilities Corporation ............. 300,000
Thruway Authority ................................ 500,000
                                            --------------
Total of related expenses schedule ............ 18,300,000
                                            --------------

Total of schedules ......................... 1,656,960,000
                                            ==============

REVENUE BOND FINANCING AGREEMENT PAYMENTS
The several sums, or so much thereof as  may
  be  necessary, are hereby appropriated for
  payment to the  dormitory  authority,  the
  environmental  facilities corporation, the
  housing  finance   agency,   the   thruway
  authority,   and   the  urban  development
  corporation and are, subject to the  issu-
  ance of certificates of approval of avail-
  ability  by  the  director  of the budget,
  available  for  the  purpose   of   making
  financing  agreement  payments  related to
  personal income  tax  revenue  bond  obli-
  gations, as authorized pursuant to article
  5-C  of  the  state  finance  law  and  in
  accordance with the following schedule ... 2,661,900,000
                                            --------------

                         SCHEDULE

Economic Development and Housing ............. 365,000,000
Education .................................... 462,000,000
Environment .................................. 105,000,000
General Purpose ............................ 1,185,000,000
Healthcare .................................... 15,000,000
State Facilities and Equipment ............... 195,000,000

S. 6252                             7                            A. 9052

Transportation ............................... 321,000,000
                                            --------------
Total of schedule .......................... 2,648,000,000
                                            --------------

For  payment  of related expenses in accord-
  ance with the following schedule.

                         SCHEDULE

Urban Development Corporation .................. 2,250,000
Housing Finance Agency ......................... 2,250,000
Dormitory Authority ............................ 7,500,000
Dormitory Authority Capital Expenses ............. 800,000
Environmental Facilities Corporation ............. 800,000
Thruway Authority ................................ 300,000
                                            --------------
Total of schedule ............................. 13,900,000
                                            --------------

Total of schedules ......................... 2,661,900,000
                                            ==============

Total of schedule ........................................ 4,821,360,000
                                                          ==============

                DEBT SERVICE FUND--HOUSING DEBT FUND--316

GENERAL OBLIGATION PAYMENTS
The sum of $12,500,000, or  so  much  thereof  as  may  be
  necessary,  is  hereby  appropriated  for payment by the
  state comptroller of principal and interest  on  general
  obligation bonds issued in connection with state housing
  (low cost, middle income and urban renewal) ............... 12,500,000
                                                          ==============

               DEBT SERVICE FUND--HEALTH INCOME FUND--319

For  debt  service and related expenses in accordance with
  the following schedule .................................... 33,200,000
                                                          --------------

                                SCHEDULE

The sum of $29,000,000, or  so  much  thereof  as  may  be
  necessary of operating revenues received from department
  of health facilities other than the New York City Veter-
  ans'  Home,  is  hereby  appropriated for payment by the
  state comptroller of all obligations under the terms  of
  agreements  between the health department and the dormi-
  tory authority ............................................ 29,000,000
The sum of $2,000,000, or so much thereof as may be neces-
  sary of operating revenues received from  the  New  York
  City  Veterans' Home, is hereby appropriated for payment
  by the state comptroller of all  obligations  under  the

S. 6252                             8                            A. 9052

  terms  of  agreements  between the health department and
  the dormitory authority .................................... 2,000,000
Related expenses ............................................. 1,000,000
Capital expenses ............................................. 1,200,000
                                                          --------------
  Total of schedule ......................................... 33,200,000
                                                          ==============

     DEBT SERVICE FUND--STATE UNIVERSITY DORMITORY INCOME FUND--330

The  sum  of  $117,100,000,  or  so much thereof as may be
  necessary, is hereby appropriated  for  payment  by  the
  state  comptroller of all obligations under the terms of
  agreements between the state university of New York  and
  the dormitory authority and refunds to students for room
  rental  and college fee overpayments, in accordance with
  the following schedule ................................... 117,100,000
                                                          --------------

                                SCHEDULE

Debt service payments ...................................... 106,000,000
Related expenses ............................................. 1,100,000
Capital expenses ............................................ 10,000,000
                                                          --------------
Total of schedule .......................................... 117,100,000
                                                          ==============

           DEBT SERVICE FUND--MENTAL HEALTH SERVICES FUND--304

The sum of $348,000,000, or so  much  thereof  as  may  be
  necessary,  is  hereby  appropriated  for payment by the
  state comptroller of all obligations  of  the  dormitory
  authority,  as  successor  to the facilities development
  corporation and  the  medical  care  facilities  finance
  agency pursuant to chapter 83 of the laws of 1995, under
  the  terms  of  any  lease, sublease, or other financing
  agreement with the  department  of  mental  hygiene,  in
  accordance with the following schedule ................... 348,000,000
                                                          --------------

                                SCHEDULE

Debt service payments ...................................... 340,000,000
Related expenses ............................................. 8,000,000
                                                          --------------
Total of schedule .......................................... 348,000,000
                                                          ==============

      DEBT SERVICE FUND--LOCAL GOVERNMENT ASSISTANCE TAX FUND--364

The  sum  of  $406,500,000,  or  so much thereof as may be
  necessary, is hereby appropriated  for  payment  of  all
  obligations,  including  but not limited to reserve fund
  credit facilities, to the  local  government  assistance
  corporation  pursuant  to  a certificate or certificates

S. 6252                             9                            A. 9052

  filed by the chairman of the corporation with the  state
  comptroller  and the governor, pursuant to subdivision 1
  of  section  3240  of  the  public  authorities  law, in
  accordance with the following schedule ................... 406,500,000
                                                          --------------

                                SCHEDULE

Debt service payments ...................................... 400,000,000
Related expenses ............................................. 6,500,000
                                                          --------------
Total of schedule .......................................... 406,500,000
                                                          ==============

            TRUST AND AGENCY FUND--SCHOOL CAPITAL FACILITIES
                       FINANCING RESERVE FUND--130

The sum of $30,500,000, or  so  much  thereof  as  may  be
  necessary,  is  hereby  appropriated  for payment by the
  state comptroller to the  dormitory  authority  for  the
  purpose  of  meeting the terms of any contractual agree-
  ments between the dormitory authority and  participating
  special  act  school  districts listed in chapter 566 of
  the laws of 1967, as  amended,  state-supported  schools
  for  blind  and  deaf  students  and children with other
  handicapping conditions pursuant to article  85  of  the
  education   law,   and  private  not-for-profit  schools
  approved by the commissioner of  education  pursuant  to
  article  89 of the education law, in accordance with the
  following schedule ........................................ 30,500,000
                                                          --------------

                                SCHEDULE

Debt service payments ....................................... 30,000,000
Related expenses ............................................... 250,000
Capital expenses ............................................... 250,000
                                                          --------------
Total of schedule ........................................... 30,500,000
                                                          ==============

            DEDICATED HIGHWAY AND BRIDGE TRUST FUND--SPECIAL
               OBLIGATION RESERVE AND PAYMENT ACCOUNT--072

The sum of $960,300,000, or so  much  thereof  as  may  be
  necessary,  is  hereby  appropriated to pay for bonds or
  notes as required under  dedicated  highway  and  bridge
  trust  fund cooperative agreements under section 10-e of
  the highway law, in accordance with the following sched-
  ule ...................................................... 960,300,000
                                                          --------------

                                SCHEDULE

Debt service payments ...................................... 960,000,000
Related expenses ............................................... 300,000

S. 6252                            10                            A. 9052

                                                          --------------
Total of schedule .......................................... 960,300,000
                                                          ==============

                    DEBT REDUCTION RESERVE FUND - 064

The  sum  of  $500,000,000,  or  so much thereof as may be
  necessary,  is  hereby  appropriated   from   the   debt
  reduction  reserve  fund  for the purposes of principal,
  interest, and related expenses, for retiring or  defeas-
  ing  bonds  previously  issued,  including  any  accrued
  interest or other  expenses  related  thereto,  for  any
  state-related bonding program or programs and for trans-
  fer,  upon  request  of  the  director of the budget, to
  various capital projects  funds  as  designated  by  the
  director  of  the  budget  for  the  funding  of capital
  projects, equipment acquisitions,  or  similar  expenses
  which have been authorized by law to be financed through
  the issuance of bonds, notes, or other obligations ....... 500,000,000
                                                          ==============

                   CONTINGENT AND OTHER APPROPRIATIONS

  S 2. The several sums specified in this section, or so much thereof as
may  be  sufficient to accomplish in full the purposes designated by the
appropriations, are hereby appropriated to be paid  as  herein  provided
for  the  funds  and  purposes  specified and are made available for the
fiscal year beginning April 1, 2012.

                GENERAL FUND--STATE PURPOSES ACCOUNT--003

The sum of $20,000,000, or  so  much  thereof  as  may  be
  necessary,  is hereby appropriated from the general fund
  to the credit of the state purposes account  solely  for
  the purpose of making payments of rebates to the federal
  government to maintain the exemption from federal income
  taxation  of  the  interest paid to the holders of state
  obligations issued pursuant to sections 55 and 57 of the
  state finance law ......................................... 20,000,000
                                                          ==============

The sum of $225,000,000, or so  much  thereof  as  may  be
  necessary,  is hereby appropriated from the general fund
  to the credit of the state purposes account  solely  for
  the purpose of redeeming general obligation bonds issued
  by  the  state  of New York, provided, however, that the
  amount to be expended from this appropriation  shall  be
  limited to the amount, as determined by the comptroller,
  to  be  necessary to maintain the exemption from federal
  taxation of the interest paid to the  holders  of  state
  obligations issued pursuant to sections 55 and 57 of the
  state finance law ........................................ 225,000,000
                                                          ==============

S. 6252                            11                            A. 9052

                                ALL FUNDS

For  payment  of principal and interest, including but not
  limited to reserve fund credit  facilities  on  variable
  rate  obligations and interest rate exchange and similar
  agreements,  for state-supported debt or for transfer to
  any other appropriation, in accordance with the  follow-
  ing schedule ........................................... 1,400,000,000
                                                          --------------

                                SCHEDULE

Debt service payments ...................................... 850,000,000
Related expenses ............................................ 50,000,000
Interest rate exchange and similar agreements .............. 500,000,000
                                                          --------------
Total of schedule ........................................ 1,400,000,000
                                                          ==============

            DEBT SERVICE FUND--GENERAL DEBT SERVICE FUND--311

SPECIAL CONTRACTUAL OBLIGATION PAYMENTS
For  payment  to  the dormitory authority, as successor to
  the medical care facilities finance agency  pursuant  to
  chapter 83 of the laws of 1995, for payment of principal
  interest,  and related expenses on bonds or notes issued
  pursuant to the provisions of section  7-a  of  the  New
  York  state  medical care facilities finance agency act,
  as amended, which  provide  that  the  service  contract
  payments  will be made to meet the debt service payments
  due if the funds and accounts established under the bond
  resolution, the secured hospital  debt  service  reserve
  fund,  and the secured hospital capital reserve fund are
  inadequate, in accordance with the following schedule ..... 81,000,000
                                                          --------------

                                SCHEDULE

Debt service payments ....................................... 80,000,000
Related expenses ............................................. 1,000,000
                                                          --------------
Total of schedule ........................................... 81,000,000
                                                          ==============

For payment to the  tobacco  settlement  financing  corpo-
  ration, for payment of bonds or notes issued pursuant to
  the  provisions  of part D3 of chapter 62 of the laws of
  2003 which provides that contingency  contract  payments
  will  be  made  to meet the debt service payments due if
  the funds and accounts established under the bond inden-
  tures, the  debt  service  accounts,  the  debt  service
  reserve accounts and the supplemental accounts are inad-
  equate, in accordance with the following schedule ........ 346,000,000
                                                          --------------

S. 6252                            12                            A. 9052

                                SCHEDULE

Debt service payments ...................................... 345,000,000
Related expenses ............................................. 1,000,000
                                                          --------------
Total of schedule .......................................... 346,000,000
                                                          ==============

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