S T A T E   O F   N E W   Y O R K
       ________________________________________________________________________
           S. 2002--A                                            A. 3002--A
                             S E N A T E - A S S E M B L Y
                                   January 21, 2015
                                      ___________
       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
       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
       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:
    1    Section  1.  The  several  sums  specified in this section, or so much
    2  thereof as may be sufficient to accomplish in full the  purposes  desig-
    3  nated by the appropriations, are hereby appropriated to be paid as here-
    4  in  provided for the funds and purposes specified and are made available
    5  for the fiscal year beginning April 1, 2015.
    6                DEBT SERVICE FUND--GENERAL DEBT SERVICE FUND
    7  Maintenance undistributed
    8  For the legal requirements  of  principal,  interest,  and
    9    related  expenses  on  general obligation bonds, special
   10    contractual and  revenue  bond  obligations,  as  issued
   11    pursuant  to  articles  5-C and 5-F of the state finance
   12    law and payments for interest rate exchange and  similar
   13    agreements, in accordance with the following schedule .. 5,897,200,000
   14                                                            ==============
        EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                             [ ] is old law to be omitted.
                                                                  LBD12552-02-5
       S. 2002--A                          2                         A. 3002--A
    1                                  SCHEDULE
    2  GENERAL OBLIGATION PAYMENTS
    3  The  sum  of  $502,500,000,  or  so much thereof as may be
    4    necessary, is hereby appropriated  for  payment  by  the
    5    state comptroller for general obligation bonds issued in
    6    connection  with  pure  waters,  environmental  quality,
    7    transportation capital  facilities,  rail  preservation,
    8    outdoor   recreation  development,  energy  conservation
    9    through improved transportation,  parks  and  recreation
   10    land  acquisition,  rebuild New York through transporta-
   11    tion infrastructure renewal,  accelerated  capacity  and
   12    transportation   improvements  of  the  nineties,  clean
   13    water/clean air, rebuild and renew New York  transporta-
   14    tion, and smart schools purposes, in accordance with the
   15    following sub-schedule ................................... 502,500,000
   16                                                            --------------
   17                                sub-schedule
   18  Debt service payments ...................................... 500,000,000
   19  Related expenses ............................................. 2,500,000
   20                                                            --------------
   21  Total of sub-schedule ...................................... 502,500,000
   22                                                            ==============
   23  SPECIAL CONTRACTUAL OBLIGATION PAYMENTS
   24  The  several sums, or so much thereof as may be sufficient
   25    to accomplish in full the  purposes  designated  by  the
   26    appropriations, are hereby appropriated and are, subject
   27    to  the  issuance  of certificates of approval of avail-
   28    ability by the director of the budget, available for the
   29    purpose of making payments for special contractual obli-
   30    gations, in accordance with the following schedule ..... 1,224,700,000
   31                                                            --------------
   32                           SCHEDULE
   33  For payment to the Urban Development  Corpo-
   34    ration  pursuant  to  the provisions of an
   35    agreement  or  agreements  of  lease   and
   36    sublease  entered  into  between,  but not
   37    limited to, the Urban  Development  Corpo-
   38    ration, the Office of General Services and
   39    the  Department  of  Correctional Services
   40    for the rental of correctional facilities ... 21,000,000
   41  For payment according to the following  sub-
   42    schedule  to  the Urban Development Corpo-
   43    ration for project revenue bonds, pursuant
   44    to the provisions of certain agreements of
   45    lease between the entities  designated  on
   46    the  following  sub-schedule and the state
   47    of New York and  the  assignment  of  rent
   48    thereof  to  the  Urban Development Corpo-
   49    ration ...................................... 11,300,000
       S. 2002--A                          3                         A. 3002--A
    1                  sub-schedule
    2  Syracuse  University  (Science
    3    and Technology Center) ......... 2,800,000
    4  Cornell  University (Supercom-
    5    puter Center) .................... 700,000
    6  Columbia University  (Telecom-
    7    munications Center) ............ 4,800,000
    8  Clarkson University .............. 1,100,000
    9  University Grants 95 Refunding ... 1,900,000
   10                                --------------
   11    Total of sub-schedule ......... 11,300,000
   12                                --------------
   13  For  payment to the Dormitory Authority, for
   14    payment of bonds  issued  to  finance  the
   15    Department   of   Health's  David  Axelrod
   16    Institute for Public Health,  pursuant  to
   17    the provisions of an agreement between the
   18    Dormitory  Authority and the Department of
   19    Health ....................................... 6,000,000
   20  For payment to the Dormitory Authority,  for
   21    payment  of  bonds issued to finance State
   22    Department of Education facilities, pursu-
   23    ant to an agreement between the  Dormitory
   24    Authority  and the State Education Depart-
   25    ment ......................................... 5,000,000
   26  For payment to the  Housing  Finance  Agency
   27    and  the Urban Development Corporation for
   28    payment of bonds  issued  to  finance  the
   29    State's housing programs .................... 40,000,000
   30  For  payment to the Metropolitan Transporta-
   31    tion Authority, pursuant to state  service
   32    contracts  authorized  by  section  16  of
   33    chapter 314 of the laws of  1981,  section
   34    42  of chapter 929 of the laws of 1986, as
   35    amended by chapter 13 of the laws of 1987,
   36    and section 34 of part O of chapter 61  of
   37    the laws of 2000 ............................ 85,000,000
   38  For   payment   to   the   State  University
   39    Construction  Fund,  for  payment  to  the
   40    Dormitory Authority, pursuant to paragraph
   41    (e)  of  subdivision 19 of section 1680 of
   42    the public authorities  law,  to  pay  for
   43    bonds  or  notes issued by such authority,
   44    pursuant to agreements between  the  State
   45    University    Construction   Fund,   State
   46    University of New York and  the  Dormitory
   47    Authority,  relating  to  State University
   48    education facilities. Notwithstanding  the
   49    provisions  of  section  40  of  the state
   50    finance law or any other provision of  law
   51    to  the contrary, this appropriation shall
   52    remain in  full  force  and  effect  until
   53    April 30, 2016 ............................. 175,000,000
       S. 2002--A                          4                         A. 3002--A
    1  For   payment   to   the   State  University
    2    Construction  Fund,  for  payment  to  the
    3    Dormitory  Authority,  in  accordance with
    4    subdivision  8  of  section  6304  of  the
    5    education  law, for bonds, notes, or other
    6    obligations  issued  by  such   authority,
    7    pursuant  to  an  agreement  or agreements
    8    among the State University  of  New  York,
    9    various community colleges and their spon-
   10    sors,  and  the  Dormitory  Authority  for
   11    educational   facilities   of    community
   12    colleges .................................... 15,000,000
   13  For payment to the City University Construc-
   14    tion   Fund  for  City  University  senior
   15    colleges  and  for   community   colleges.
   16    Moneys  hereby  appropriated,  or portions
   17    thereof,  are  for  payments  net  of  all
   18    interest and investment earnings on senior
   19    and  community  college payments and other
   20    excess earnings held by the City Universi-
   21    ty Construction Fund, in  accordance  with
   22    the following sub-schedule ................. 240,000,000
   23                  sub-schedule
   24  City     University     senior
   25    colleges ..................... 210,000,000
   26  City   University    community
   27    colleges ...................... 30,000,000
   28                                --------------
   29    Total of sub-schedule ........ 240,000,000
   30                                --------------
   31  For  payment  to  the  Dormitory  Authority,
   32    pursuant to the provisions  of  a  service
   33    contract  or  contracts,  for  payment  of
   34    bonds or notes issued for the financing of
   35    projects at the Albany County Airport ........ 4,000,000
   36  For payment to the Thruway Authority, pursu-
   37    ant to section 380 of the public  authori-
   38    ties  law,  to  pay  for Local Highway and
   39    Bridge Service  Contract  bonds  or  notes
   40    issued  by  such  authority pursuant to an
   41    agreement between  the  Thruway  Authority
   42    and the state .............................. 130,000,000
   43  For  payment to the Environmental Facilities
   44    Corporation, pursuant to subdivision 1  of
   45    section  1290  of  the  public authorities
   46    law, to pay for bonds or notes  issued  by
   47    such  authority pursuant to a lease agree-
   48    ment between the Environmental  Facilities
   49    Corporation   and  the  Office  of  Parks,
   50    Recreation   and   Historic   Preservation
   51    relating  to  the  financing  of Riverbank
   52    State Park ................................... 5,200,000
       S. 2002--A                          5                         A. 3002--A
    1  For payment to the Environmental  Facilities
    2    Corporation  for bonds and notes issued by
    3    such authority, pursuant to  an  agreement
    4    between   the   Environmental   Facilities
    5    Corporation   and  the  Office  of  Mental
    6    Health relating  to  the  financing  of  a
    7    Waste water treatment facility for Pilgrim
    8    Psychiatric Center ........................... 1,200,000
    9  For  payment according to the following sub-
   10    schedule  for  bonds  issued  to   finance
   11    consolidated service contract refundings ... 465,000,000
   12                                              --------------
   13                  sub-schedule
   14  Urban Development Corporation .. 370,000,000
   15  Dormitory Authority ............. 85,000,000
   16  Thruway Authority ............... 10,000,000
   17                                --------------
   18    Total of sub-schedule ........ 465,000,000
   19                                --------------
   20  Total of debt service schedule ............. 1,203,700,000
   21                                              --------------
   22  For  payment  of related expenses in accord-
   23    ance with the following schedule.
   24                           SCHEDULE
   25  Urban Development Corporation .................. 2,000,000
   26  Housing Finance Agency ......................... 1,500,000
   27  Dormitory Authority ............................ 7,500,000
   28  Dormitory Authority Capital Expenses ........... 9,500,000
   29  Environmental Facilities Corporation ............. 200,000
   30  Thruway Authority ................................ 300,000
   31                                              --------------
   32  Total of related expenses schedule ............ 21,000,000
   33                                              --------------
   34  Total of schedules ......................... 1,224,700,000
   35                                              ==============
   36  REVENUE BOND FINANCING AGREEMENT PAYMENTS
   37  The several sums, or so much thereof as  may
   38    be  necessary, are hereby appropriated for
   39    payment to the  dormitory  authority,  the
   40    environmental  facilities corporation, the
   41    housing  finance   agency,   the   thruway
   42    authority,   and   the  urban  development
   43    corporation and are, subject to the  issu-
   44    ance of certificates of approval of avail-
   45    ability  by  the  director  of the budget,
   46    available  for  the  purpose   of   making
   47    financing  agreement  payments  related to
       S. 2002--A                          6                         A. 3002--A
    1    personal income  tax  revenue  bond  obli-
    2    gations, as authorized pursuant to article
    3    5-C  of  the  state  finance  law  and  in
    4    accordance with the following schedule ... 3,927,000,000
    5                                              --------------
    6                           SCHEDULE
    7  Debt Service Payment ....................... 3,900,000,000
    8  Related Expenses .............................. 27,000,000
    9                                              --------------
   10  Total of schedule .......................... 3,927,000,000
   11                                              ==============
   12  REVENUE BOND FINANCING AGREEMENT PAYMENTS
   13  The several sums, or so much thereof as  may
   14    be  necessary, are hereby appropriated for
   15    payment to the  dormitory  authority,  the
   16    thruway  authority, and the urban develop-
   17    ment corporation and are, subject  to  the
   18    issuance  of  certificates  of approval of
   19    availability by the director of  the  bud-
   20    get,  available  for the purpose of making
   21    financing agreement  payments  related  to
   22    sales  tax  revenue  bond  obligations, as
   23    authorized pursuant to article 5-F of  the
   24    state  finance  law and in accordance with
   25    the following schedule ..................... 243,000,000
   26                                              --------------
   27                                  SCHEDULE
   28  Debt Service Payments ........................ 240,000,000
   29  Related Expenses ............................... 3,000,000
   30                                              --------------
   31  Total of schedule ............................ 243,000,000
   32                                              ==============
   33  Total of schedule ........................................ 5,897,200,000
   34                                                            ==============
   35                    DEBT SERVICE FUND--HOUSING DEBT FUND
   36  GENERAL OBLIGATION PAYMENTS
   37  The sum of $9,000,000, or so much thereof as may be neces-
   38    sary, is hereby appropriated for payment  by  the  state
   39    comptroller  of  principal and interest on general obli-
   40    gation bonds issued in  connection  with  state  housing
   41    (low cost, middle income and urban renewal) ................ 9,000,000
   42                                                            ==============
   43                    DEBT SERVICE FUND--HEALTH INCOME FUND
   44  For  debt  service and related expenses in accordance with
   45    the following schedule .................................... 33,600,000
   46                                                            --------------
       S. 2002--A                          7                         A. 3002--A
    1                                  SCHEDULE
    2  The sum of $29,000,000, or  so  much  thereof  as  may  be
    3    necessary of operating revenues received from department
    4    of health facilities other than the New York City Veter-
    5    ans'  Home,  is  hereby  appropriated for payment by the
    6    state comptroller of all obligations under the terms  of
    7    agreements  between the health department and the dormi-
    8    tory authority ............................................ 29,000,000
    9  The sum of $2,000,000, or so much thereof as may be neces-
   10    sary of operating revenues received from  the  New  York
   11    City  Veterans' Home, is hereby appropriated for payment
   12    by the state comptroller of all  obligations  under  the
   13    terms  of  agreements  between the health department and
   14    the dormitory authority .................................... 2,000,000
   15  Related expenses ............................................. 1,000,000
   16  Capital expenses ............................................. 1,600,000
   17                                                            --------------
   18    Total of schedule ......................................... 33,600,000
   19                                                            ==============
   20               DEBT SERVICE FUND--MENTAL HEALTH SERVICES FUND
   21  The sum of $267,000,000, or so  much  thereof  as  may  be
   22    necessary,  is  hereby  appropriated  for payment by the
   23    state comptroller of all obligations  of  the  dormitory
   24    authority,  as  successor  to the facilities development
   25    corporation and  the  medical  care  facilities  finance
   26    agency pursuant to chapter 83 of the laws of 1995, under
   27    the  terms  of  any  lease, sublease, or other financing
   28    agreement with the  department  of  mental  hygiene,  in
   29    accordance with the following schedule ................... 267,000,000
   30                                                            --------------
   31                                  SCHEDULE
   32  Debt service payments ...................................... 260,000,000
   33  Related expenses ............................................. 7,000,000
   34                                                            --------------
   35  Total of schedule .......................................... 267,000,000
   36                                                            ==============
   37           DEBT SERVICE FUND--LOCAL GOVERNMENT ASSISTANCE TAX FUND
   38  The  sum  of  $404,500,000,  or  so much thereof as may be
   39    necessary, is hereby appropriated  for  payment  of  all
   40    obligations,  including  but not limited to reserve fund
   41    credit facilities, to the  local  government  assistance
   42    corporation  pursuant  to  a certificate or certificates
   43    filed by the chairman of the corporation with the  state
   44    comptroller  and the governor, pursuant to subdivision 1
   45    of section  3240  of  the  public  authorities  law,  in
   46    accordance with the following schedule ................... 404,500,000
   47                                                            --------------
       S. 2002--A                          8                         A. 3002--A
    1                                  SCHEDULE
    2  Debt service payments ...................................... 400,000,000
    3  Related expenses ............................................. 4,500,000
    4                                                            --------------
    5  Total of schedule .......................................... 404,500,000
    6                                                            ==============
    7              TRUST AND AGENCY FUND--SCHOOL CAPITAL FACILITIES
    8                           FINANCING RESERVE FUND
    9  The  sum  of  $25,000,000,  or  so  much thereof as may be
   10    necessary, is hereby appropriated  for  payment  by  the
   11    state  comptroller  to  the  dormitory authority for the
   12    purpose of meeting the terms of any  contractual  agree-
   13    ments  between the dormitory authority and participating
   14    special act school districts listed in  chapter  566  of
   15    the  laws  of  1967, as amended, state-supported schools
   16    for blind and deaf  students  and  children  with  other
   17    handicapping  conditions  pursuant  to article 85 of the
   18    education  law,  and  private   not-for-profit   schools
   19    approved  by  the  commissioner of education pursuant to
   20    article 89 of the education law, in accordance with  the
   21    following schedule ........................................ 25,000,000
   22                                                            --------------
   23                                  SCHEDULE
   24  Debt service payments ....................................... 24,000,000
   25  Related expenses ............................................... 300,000
   26  Capital expenses ............................................... 700,000
   27                                                            --------------
   28  Total of schedule ........................................... 25,000,000
   29                                                            ==============
   30              DEDICATED HIGHWAY AND BRIDGE TRUST FUND--SPECIAL
   31                   OBLIGATION RESERVE AND PAYMENT ACCOUNT
   32  The  sum  of  $780,300,000  or  so  much thereof as may be
   33    necessary, is hereby appropriated to pay  for  bonds  or
   34    notes  as  required  under  dedicated highway and bridge
   35    trust fund cooperative agreements under section 10-e  of
   36    the highway law, in accordance with the following sched-
   37    ule ...................................................... 780,300,000
   38                                                            --------------
   39                                  SCHEDULE
   40  Debt service payments ...................................... 780,000,000
   41  Related expenses ............................................... 300,000
   42                                                            --------------
   43  Total of schedule .......................................... 780,300,000
   44                                                            ==============
       S. 2002--A                          9                         A. 3002--A
    1                         DEBT REDUCTION RESERVE FUND
    2  The  sum  of  $500,000,000,  or  so much thereof as may be
    3    necessary,  is  hereby  appropriated   from   the   debt
    4    reduction  reserve  fund  for the purposes of principal,
    5    interest,  and related expenses, for retiring or defeas-
    6    ing  bonds  previously  issued,  including  any  accrued
    7    interest  or  other  expenses  related  thereto, for any
    8    state-related bonding program or programs and for trans-
    9    fer, upon request of the  director  of  the  budget,  to
   10    various  capital  projects  funds  as  designated by the
   11    director of  the  budget  for  the  funding  of  capital
   12    projects,  equipment  acquisitions,  or similar expenses
   13    which have been authorized by law to be financed through
   14    the issuance of bonds, notes, or other obligations ....... 500,000,000
   15                                                            ==============
   16                     CONTINGENT AND OTHER APPROPRIATIONS
   17    S 2. The several sums specified in this section, or so much thereof as
   18  may be sufficient to accomplish in full the purposes designated  by  the
   19  appropriations,  are  hereby  appropriated to be paid as herein provided
   20  for the funds and purposes specified and  are  made  available  for  the
   21  fiscal year beginning April 1, 2015.
   22                    GENERAL FUND--STATE PURPOSES ACCOUNT
   23  The  sum  of  $20,000,000,  or  so  much thereof as may be
   24    necessary, is hereby appropriated from the general  fund
   25    to  the  credit of the state purposes account solely for
   26    the purpose of making payments of rebates to the federal
   27    government to maintain the exemption from federal income
   28    taxation of the interest paid to the  holders  of  state
   29    obligations issued pursuant to sections 55 and 57 of the
   30    state finance law ......................................... 20,000,000
   31                                                            ==============
   32  The  sum  of  $225,000,000,  or  so much thereof as may be
   33    necessary, is hereby appropriated from the general  fund
   34    to  the  credit of the state purposes account solely for
   35    the purpose of redeeming general obligation bonds issued
   36    by the state of New York, provided,  however,  that  the
   37    amount  to  be expended from this appropriation shall be
   38    limited to the amount, as determined by the comptroller,
   39    to be necessary to maintain the exemption  from  federal
   40    taxation  of  the  interest paid to the holders of state
   41    obligations issued pursuant to sections 55 and 57 of the
   42    state finance law ........................................ 225,000,000
   43                                                            ==============
   44                                  ALL FUNDS
   45  For payment of principal and interest, including  but  not
   46    limited  to  reserve  fund credit facilities on variable
   47    rate obligations and interest rate exchange and  similar
   48    agreements,  for state-supported debt or for transfer to
       S. 2002--A                         10                         A. 3002--A
    1    any other appropriation, in accordance with the  follow-
    2    ing schedule ........................................... 1,400,000,000
    3                                                            --------------
    4                                  SCHEDULE
    5  Debt service payments ...................................... 900,000,000
    6  Related expenses ............................................ 50,000,000
    7  Interest rate exchange and similar agreements .............. 450,000,000
    8                                                            --------------
    9  Total of schedule ........................................ 1,400,000,000
   10                                                            ==============
   11                DEBT SERVICE FUND--GENERAL DEBT SERVICE FUND
   12  SPECIAL CONTRACTUAL OBLIGATION PAYMENTS
   13  For  payment  to  the dormitory authority, as successor to
   14    the medical care facilities finance agency  pursuant  to
   15    chapter 83 of the laws of 1995, for payment of principal
   16    interest,  and related expenses on bonds or notes issued
   17    pursuant to the provisions of section  7-a  of  the  New
   18    York  state  medical care facilities finance agency act,
   19    as amended, which  provide  that  the  service  contract
   20    payments  will be made to meet the debt service payments
   21    due if the funds and accounts established under the bond
   22    resolution, the secured hospital  debt  service  reserve
   23    fund,  and the secured hospital capital reserve fund are
   24    inadequate, in accordance with the following schedule ..... 66,000,000
   25                                                            --------------
   26                                  SCHEDULE
   27  Debt service payments ....................................... 65,000,000
   28  Related expenses ............................................. 1,000,000
   29                                                            --------------
   30  Total of schedule ........................................... 66,000,000
   31                                                            ==============
   32  For payment to the  tobacco  settlement  financing  corpo-
   33    ration, for payment of bonds or notes issued pursuant to
   34    the  provisions  of part D3 of chapter 62 of the laws of
   35    2003 which provides that contingency  contract  payments
   36    will  be  made  to meet the debt service payments due if
   37    the funds and accounts established under the bond inden-
   38    tures, the  debt  service  accounts,  the  debt  service
   39    reserve accounts and the supplemental accounts are inad-
   40    equate, in accordance with the following schedule ........ 231,000,000
   41                                                            --------------
   42                                  SCHEDULE
   43  Debt service payments ...................................... 230,000,000
   44  Related expenses ............................................. 1,000,000
   45                                                            --------------
   46  Total of schedule .......................................... 231,000,000
   47                                                            ==============