Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
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Apr 12, 2021 |
signed chap.52 |
Mar 31, 2021 |
delivered to governor returned to senate passed assembly message of necessity - 3 day message ordered to third reading rules cal.50 substituted for a3002b referred to ways and means delivered to assembly passed senate message of necessity - 3 day message ordered to third reading cal.644 print number 2502b |
Mar 31, 2021 |
amend and recommit to finance |
Mar 14, 2021 |
print number 2502a |
Mar 14, 2021 |
amend and recommit to finance |
Jan 20, 2021 |
referred to finance |
Senate Bill S2502A
Signed By Governor2021-2022 Legislative Session
DEBT SERVICE FUND--GENERAL DEBT SERVICE FUND
download bill text pdfSponsored By
There are no sponsors of this bill.
Archive: Last Bill Status - Signed by Governor
- Introduced
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- In Committee Assembly
- In Committee Senate
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- On Floor Calendar Assembly
- On Floor Calendar Senate
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- Passed Assembly
- Passed Senate
- Delivered to Governor
- Signed By Governor
Actions
Votes
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Floor Vote: Mar 31, 2021
aye (43)- Addabbo Jr.
- Bailey
- Benjamin
- Biaggi
- Breslin
- Brisport
- Brooks
- Brouk
- Comrie
- Cooney
- Felder
- Gaughran
- Gianaris
- Gounardes
- Harckham
- Hinchey
- Hoylman-Sigal
- Jackson
- Kaminsky
- Kaplan
- Kavanagh
- Kennedy
- Krueger
- Liu
- Mannion
- May
- Mayer
- Myrie
- Parker
- Persaud
- Ramos
- Reichlin-Melnick
- Rivera
- Ryan
- Salazar
- Sanders Jr.
- Savino
- Sepúlveda
- Serrano
- Skoufis
- Stavisky
- Stewart-Cousins
- Thomas
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Mar 31, 2021 - Finance Committee Vote
S2502A16Aye4Nay3Aye with Reservations0Absent0Excused0Abstained -
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Bill Amendments
2021-S2502 - Details
- Law Section:
- Budget Bills
2021-S2502A - Details
- Law Section:
- Budget Bills
2021-S2502A - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 2502--A I N S E N A T E January 19, 2021 ___________ A BUDGET BILL, submitted by the Governor pursuant to article seven of the Constitution -- read twice and ordered printed, and when printed to be committed to the Committee on Finance -- committee discharged, bill amended, ordered reprinted as amended and recommitted to said committee 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, 2021. DEBT SERVICE FUND--GENERAL DEBT SERVICE FUND 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 articles 5-C and 5-F of the state finance law and payments for interest rate exchange and similar agreements, in accordance with the following schedule .. 9,065,000,000 ============== 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 state comptroller for general obligation bonds issued in connection with pure waters, environmental quality, EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
[ ] is old law to be omitted. LBD12552-03-1 S. 2502--A 2 transportation capital facilities, rail preservation, outdoor recreation development, energy conservation through improved transportation, parks and recreation land acquisition, rebuild New York through transporta- tion infrastructure renewal, accelerated capacity and transportation improvements of the nineties, clean water/clean air, rebuild and renew New York transporta- tion, and smart schools purposes, in accordance with the following schedule ....................................... 502,500,000 -------------- SCHEDULE Debt Service Funds General Debt Service Fund General Debt Service Fund - 40150 Debt service payments (85551) (60400) ........ 500,000,000 Related expenses (80467) (51000) ............... 2,500,000 -------------- Total of schedule .......................... 502,500,000 ============== SCHEDULE Debt Service Funds General Debt Service Fund Debt Service Lease Payments Fund - 40151 For payment to the Housing Finance Agency and the Urban Development Corporation for payment of bonds issued to finance the State's housing programs (80452) (60400) .... 10,000,000 For payment to the State University Construction Fund, for payment to the Dormitory Authority, pursuant to paragraph (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, 2022 (80450) (60400) ............. 200,000,000 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 S. 2502--A 3 among the State University of New York, various community colleges and their spon- sors, and the Dormitory Authority for educational facilities of community colleges (80449) (60400) .................... 20,000,000 For payment to the City University Construction 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 University Construction Fund, in accord- ance with the following sub-schedule (80622) (60400) ............................ 110,000,000 sub-schedule City University senior colleges ..................... 100,000,000 City University community colleges ...................... 10,000,000 -------------- Total of sub-schedule ........ 110,000,000 -------------- For payment according to the following sub- schedule for bonds issued to finance consolidated service contract refundings (80623) (60400) ............................. 60,000,000 -------------- sub-schedule Urban Development Corporation ... 50,000,000 Dormitory Authority ............. 10,000,000 -------------- Total of sub-schedule ......... 60,000,000 -------------- Total of debt service schedule ............... 400,000,000 -------------- For payment of related expenses in accord- ance with the following schedule ........... 110,000,000 -------------- SCHEDULE Debt Service Funds General Debt Service Fund Debt Service Lease Payments - 40151 Urban Development Corporation (80431) (51000) ...................................... 2,000,000 S. 2502--A 4 Housing Finance Agency (80430) (51000) ........... 500,000 Dormitory Authority (80634) (51000) ............ 2,500,000 Dormitory Authority Capital Expenses (80635) (51000) ..................................... 30,000,000 Expenses related to any credit facilities entered into by such authorities (85552) (51000) ..................................... 75,000,000 -------------- Total of schedule ............................ 110,000,000 -------------- Total of schedules ........................... 510,000,000 ============== 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 issuance of certificates of approval of availability by the director of the budget, available for the purpose of making financing agreement payments related to personal income tax revenue note and bond obligations, as author- ized pursuant to article 5-C of the state finance law and in accordance with the following schedule .......... 6,050,000,000 -------------- SCHEDULE Debt Service Funds General Debt Service Fund Revenue Bond Tax Fund - 40152 Debt Service Payment (80364) (60400) ....... 6,000,000,000 Related Expenses (80602) (51000) .............. 50,000,000 -------------- Total of schedule .......................... 6,050,000,000 ============== 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 thruway authority, and the urban develop- ment corporation and are, subject to the issuance of certificates of approval of availability by the director of the budget, available for the purpose of making financing agreement payments related to sales tax reven- ue bond obligations, as authorized pursuant to article 5-F of the state finance law and in accordance with the following schedule ..................................... 2,002,500,000 -------------- SCHEDULE Debt Service Funds S. 2502--A 5 General Debt Service Fund Sales Tax Revenue Bond Tax Fund - 40154 Debt Service Payments (80364) (60400) ...... 2,000,000,000 Related Expenses (80602) (51000) ............... 2,500,000 -------------- Total of schedule .......................... 2,002,500,000 ============== Total of schedule ........................................ 9,065,000,000 ============== DEBT SERVICE FUND--HOUSING DEBT FUND Debt Service Funds Housing Debt Fund Housing Debt Fund - 40250 GENERAL OBLIGATION PAYMENTS The sum of $5,500,000, or so much thereof as may be neces- sary, is hereby appropriated for payment by the state comptroller of principal and interest on general obli- gation bonds issued in connection with state housing (low cost, middle income and urban renewal) (85551) (60400) .................................................... 5,500,000 ============== DEBT SERVICE FUND--HEALTH INCOME FUND For debt service and related expenses in accordance with the following schedule .................................... 36,000,000 -------------- SCHEDULE Debt Service Funds Department of Health Income Fund NYC Veterans' Home Income Fund - 40302 The sum of $3,000,000, or so much thereof as may be necessary of operating revenues received from the New York City Veterans' Home, is hereby appropriated for payment by the state comptroller of all obli- gations under the terms of agreements between the health department and the dormitory authority (80426) (60400) .......... 3,000,000 Debt Service Funds Department of Health Income Fund Health Income Fund - 40301 The sum of $27,000,000, or so much thereof as may be necessary of operating revenues received from department of health facili- ties other than the New York City Veter- S. 2502--A 6 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 dormitory authority (80427) (60400) ......... 27,000,000 Related expenses (80425) (51000) ............... 3,000,000 Capital expenses (80424) (51000) ............... 3,000,000 -------------- Total of schedule ........................... 36,000,000 ============== DEBT SERVICE FUND--MENTAL HEALTH SERVICES FUND The sum of $52,000,000, 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 .................... 52,000,000 -------------- SCHEDULE Debt Service Funds Mental Health Services Fund Debt Service Reserve Fund - 40102 Debt service payments (80421) (60400) ......... 50,000,000 Related expenses (80421) (51000) ............... 2,000,000 -------------- Total of schedule ............................. 52,000,000 ============== DEBT SERVICE FUND--LOCAL GOVERNMENT ASSISTANCE TAX FUND The sum of $11,000,000, 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 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 .................... 11,000,000 -------------- SCHEDULE Debt Service Funds Local Government Assistance Tax Fund LGATF-Debt Service Fund - 40452 S. 2502--A 7 Debt service payments (80420) (60400) ......... 10,000,000 Related expenses (80420) (51000) ............... 1,000,000 -------------- Total of schedule ............................. 11,000,000 ============== TRUST AND AGENCY FUND--SCHOOL CAPITAL FACILITIES FINANCING RESERVE FUND The sum of $5,000,000, or so much thereof as may be neces- sary, is hereby appropriated for payment by the state comptroller to the dormitory authority for the purpose of meeting the terms of any contractual agreements 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 ......................................... 5,000,000 -------------- SCHEDULE Fiduciary Funds School Capital Facilities Financing Reserve Fund School Capital Facilities Financing Reserve Fund - 60050 Debt service payments (80418) (60400) .......... 4,000,000 Related expenses (80418) (51000) ................. 500,000 Capital expenses (80417) (51000) ................. 500,000 -------------- Total of schedule .............................. 5,000,000 ============== DEDICATED HIGHWAY AND BRIDGE TRUST FUND--SPECIAL OBLIGATION RESERVE AND PAYMENT ACCOUNT The sum of $200,500,000 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 ...................................................... 200,500,000 -------------- SCHEDULE Capital Projects Funds - Other Dedicated Highway and Bridge Trust Fund Special Obligation and Payment Account - 30052 S. 2502--A 8 Debt service payments (80416) (60400) ........ 200,000,000 Related expenses (80416) (51000) ................. 500,000 -------------- Total of schedule ............................ 200,500,000 ============== DEBT REDUCTION RESERVE FUND Debt Service Funds Debt Reduction Reserve Fund Debt Reduction Reserve Fund - 40001 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 (80415) (60400) .......................................... 500,000,000 ============== CONTINGENT AND OTHER APPROPRIATIONS § 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, 2021. GENERAL FUND--STATE PURPOSES ACCOUNT General Fund State Purposes Account - 10050 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 (80414) (51000) ......................... 20,000,000 ============== General Fund State Purposes Account - 10050 The sum of $225,000,000, or so much thereof as may be necessary, is hereby appropriated from the general fund S. 2502--A 9 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 (80413) (60400) ........................ 225,000,000 ============== 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 ........................................... 1,250,000,000 -------------- SCHEDULE All Funds Debt service payments (80626) (60400) ........ 800,000,000 Related expenses (80626) (51000) .............. 50,000,000 Interest rate exchange and similar agree- ments (80359) (60400) ...................... 400,000,000 -------------- Total of schedule .......................... 1,250,000,000 ============== DEBT SERVICE FUND--GENERAL DEBT SERVICE FUND 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 ..... 41,000,000 -------------- SCHEDULE Debt Service Funds General Debt Service Fund Debt Service Lease Payments - 40151 S. 2502--A 10 Debt service payments (80412) (60400) ......... 40,000,000 Related expenses (80412) (51000) ............... 1,000,000 -------------- Total of schedule ............................. 41,000,000 ==============
2021-S2502B (ACTIVE) - Details
- Law Section:
- Budget Bills
2021-S2502B (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ S. 2502--B A. 3002--B S E N A T E - A S S E M B L Y January 19, 2021 ___________ 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 -- committee discharged, bill amended, ordered reprinted as amended and recommitted to said committee -- committee discharged, bill amended, ordered reprinted as amended and recommitted to said committee 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 -- committee discharged, bill amended, ordered reprinted as amended and recommitted to said committee -- committee discharged, bill amended, ordered reprinted as amended and recommitted to said committee 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, 2021. DEBT SERVICE FUND--GENERAL DEBT SERVICE FUND 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 articles 5-C and 5-F of the state finance law and payments for interest rate exchange and similar agreements, in accordance with the following schedule . 14,065,000,000 ============== EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
[ ] is old law to be omitted. LBD12552-04-1 S. 2502--B 2 A. 3002--B 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 state comptroller for general obligation bonds issued in connection with pure waters, environmental quality, transportation capital facilities, rail preservation, outdoor recreation development, energy conservation through improved transportation, parks and recreation land acquisition, rebuild New York through transporta- tion infrastructure renewal, accelerated capacity and transportation improvements of the nineties, clean water/clean air, rebuild and renew New York transporta- tion, and smart schools purposes, in accordance with the following schedule ....................................... 502,500,000 -------------- SCHEDULE Debt Service Funds General Debt Service Fund General Debt Service Fund - 40150 Debt service payments (85551) (60400) ........ 500,000,000 Related expenses (80467) (51000) ............... 2,500,000 -------------- Total of 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 ..... 2,510,000,000 -------------- SCHEDULE Debt Service Funds General Debt Service Fund Debt Service Lease Payments Fund - 40151 For payment to the Housing Finance Agency and the Urban Development Corporation for payment of bonds issued to finance the State's housing programs (80452) (60400) .... 10,000,000 For payment to the Dormitory Authority or Urban Development Corporation for the Payment of principal and interest related to any credit facilities entered into by such authorities pursuant to an agreement or agreements between the Dormitory S. 2502--B 3 A. 3002--B Authority or Urban Development Corporation and the State (85552) (60400) ............ 2,000,000,000 For payment to the State University Construction Fund, for payment to the Dormitory Authority, pursuant to paragraph (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, 2022 (80450) (60400) ............. 200,000,000 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 (80449) (60400) .................... 20,000,000 For payment to the City University Construction 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 University Construction Fund, in accord- ance with the following sub-schedule (80622) (60400) ............................ 110,000,000 sub-schedule City University senior colleges ..................... 100,000,000 City University community colleges ...................... 10,000,000 -------------- Total of sub-schedule ........ 110,000,000 -------------- For payment according to the following sub- schedule for bonds issued to finance consolidated service contract refundings (80623) (60400) ............................. 60,000,000 S. 2502--B 4 A. 3002--B -------------- sub-schedule Urban Development Corporation ... 50,000,000 Dormitory Authority ............. 10,000,000 -------------- Total of sub-schedule ......... 60,000,000 -------------- Total of debt service schedule ............. 2,400,000,000 -------------- For payment of related expenses in accord- ance with the following schedule ........... 110,000,000 -------------- SCHEDULE Debt Service Funds General Debt Service Fund Debt Service Lease Payments - 40151 Urban Development Corporation (80431) (51000) ...................................... 2,000,000 Housing Finance Agency (80430) (51000) ........... 500,000 Dormitory Authority (80634) (51000) ............ 2,500,000 Dormitory Authority Capital Expenses (80635) (51000) ..................................... 30,000,000 Expenses related to any credit facilities entered into by such authorities (85552) (51000) ..................................... 75,000,000 -------------- Total of schedule ............................ 110,000,000 -------------- Total of schedules ......................... 2,510,000,000 ============== 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 issuance of certificates of approval of availability by the director of the budget, available for the purpose of making financing agreement payments related to personal income tax revenue note and bond obligations, as author- ized pursuant to article 5-C of the state finance law and in accordance with the following schedule .......... 9,050,000,000 -------------- SCHEDULE Debt Service Funds S. 2502--B 5 A. 3002--B General Debt Service Fund Revenue Bond Tax Fund - 40152 Debt Service Payment (80364) (60400) ....... 6,000,000,000 Subordinate Note Payments (80364) (60400) .. 3,000,000,000 Related Expenses (80602) (51000) .............. 50,000,000 -------------- Total of schedule .......................... 9,050,000,000 ============== 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 thruway authority, and the urban develop- ment corporation and are, subject to the issuance of certificates of approval of availability by the director of the budget, available for the purpose of making financing agreement payments related to sales tax reven- ue bond obligations, as authorized pursuant to article 5-F of the state finance law and in accordance with the following schedule ..................................... 2,002,500,000 -------------- SCHEDULE Debt Service Funds General Debt Service Fund Sales Tax Revenue Bond Tax Fund - 40154 Debt Service Payments (80364) (60400) ...... 2,000,000,000 Related Expenses (80602) (51000) ............... 2,500,000 -------------- Total of schedule .......................... 2,002,500,000 ============== Total of schedule ....................................... 14,065,000,000 ============== DEBT SERVICE FUND--HOUSING DEBT FUND Debt Service Funds Housing Debt Fund Housing Debt Fund - 40250 GENERAL OBLIGATION PAYMENTS The sum of $5,500,000, or so much thereof as may be neces- sary, is hereby appropriated for payment by the state comptroller of principal and interest on general obli- gation bonds issued in connection with state housing (low cost, middle income and urban renewal) (85551) (60400) .................................................... 5,500,000 ============== S. 2502--B 6 A. 3002--B DEBT SERVICE FUND--HEALTH INCOME FUND For debt service and related expenses in accordance with the following schedule .................................... 36,000,000 -------------- SCHEDULE Debt Service Funds Department of Health Income Fund NYC Veterans' Home Income Fund - 40302 The sum of $3,000,000, or so much thereof as may be necessary of operating revenues received from the New York City Veterans' Home, is hereby appropriated for payment by the state comptroller of all obli- gations under the terms of agreements between the health department and the dormitory authority (80426) (60400) .......... 3,000,000 Debt Service Funds Department of Health Income Fund Health Income Fund - 40301 The sum of $27,000,000, or so much thereof as may be necessary of operating revenues received from department of health facili- ties 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 dormitory authority (80427) (60400) ......... 27,000,000 Related expenses (80425) (51000) ............... 3,000,000 Capital expenses (80424) (51000) ............... 3,000,000 -------------- Total of schedule ........................... 36,000,000 ============== DEBT SERVICE FUND--MENTAL HEALTH SERVICES FUND The sum of $52,000,000, 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 .................... 52,000,000 -------------- SCHEDULE Debt Service Funds S. 2502--B 7 A. 3002--B Mental Health Services Fund Debt Service Reserve Fund - 40102 Debt service payments (80421) (60400) ......... 50,000,000 Related expenses (80421) (51000) ............... 2,000,000 -------------- Total of schedule ............................. 52,000,000 ============== DEBT SERVICE FUND--LOCAL GOVERNMENT ASSISTANCE TAX FUND The sum of $11,000,000, 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 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 .................... 11,000,000 -------------- SCHEDULE Debt Service Funds Local Government Assistance Tax Fund LGATF-Debt Service Fund - 40452 Debt service payments (80420) (60400) ......... 10,000,000 Related expenses (80420) (51000) ............... 1,000,000 -------------- Total of schedule ............................. 11,000,000 ============== TRUST AND AGENCY FUND--SCHOOL CAPITAL FACILITIES FINANCING RESERVE FUND The sum of $5,000,000, or so much thereof as may be neces- sary, is hereby appropriated for payment by the state comptroller to the dormitory authority for the purpose of meeting the terms of any contractual agreements 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 ......................................... 5,000,000 -------------- SCHEDULE Fiduciary Funds School Capital Facilities Financing Reserve Fund S. 2502--B 8 A. 3002--B School Capital Facilities Financing Reserve Fund - 60050 Debt service payments (80418) (60400) .......... 4,000,000 Related expenses (80418) (51000) ................. 500,000 Capital expenses (80417) (51000) ................. 500,000 -------------- Total of schedule .............................. 5,000,000 ============== DEDICATED HIGHWAY AND BRIDGE TRUST FUND--SPECIAL OBLIGATION RESERVE AND PAYMENT ACCOUNT The sum of $200,500,000 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 ...................................................... 200,500,000 -------------- SCHEDULE Capital Projects Funds - Other Dedicated Highway and Bridge Trust Fund Special Obligation and Payment Account - 30052 Debt service payments (80416) (60400) ........ 200,000,000 Related expenses (80416) (51000) ................. 500,000 -------------- Total of schedule ............................ 200,500,000 ============== DEBT REDUCTION RESERVE FUND Debt Service Funds Debt Reduction Reserve Fund Debt Reduction Reserve Fund - 40001 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 (80415) (60400) .......................................... 500,000,000 ============== S. 2502--B 9 A. 3002--B CONTINGENT AND OTHER APPROPRIATIONS § 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, 2021. GENERAL FUND--STATE PURPOSES ACCOUNT General Fund State Purposes Account - 10050 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 (80414) (51000) ......................... 20,000,000 ============== General Fund State Purposes Account - 10050 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 (80413) (60400) ........................ 225,000,000 ============== 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 ........................................... 1,250,000,000 -------------- SCHEDULE All Funds S. 2502--B 10 A. 3002--B Debt service payments (80626) (60400) ........ 800,000,000 Related expenses (80626) (51000) .............. 50,000,000 Interest rate exchange and similar agree- ments (80359) (60400) ...................... 400,000,000 -------------- Total of schedule .......................... 1,250,000,000 ============== DEBT SERVICE FUND--GENERAL DEBT SERVICE FUND 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 ..... 41,000,000 -------------- SCHEDULE Debt Service Funds General Debt Service Fund Debt Service Lease Payments - 40151 Debt service payments (80412) (60400) ......... 40,000,000 Related expenses (80412) (51000) ............... 1,000,000 -------------- Total of schedule ............................. 41,000,000 ==============
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