§ 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:

(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 section twelve hundred seventy-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.