This bill has been amended

Bill S6352-2013

DEBT SERVICE FUND--GENERAL DEBT SERVICE FUND BUDGET BILL

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

Details

Actions

  • Apr 11, 2014: SIGNED CHAP.52
  • Mar 31, 2014: DELIVERED TO GOVERNOR
  • Mar 19, 2014: returned to senate
  • Mar 19, 2014: passed assembly
  • Mar 19, 2014: ordered to third reading rules cal.24
  • Mar 19, 2014: substituted for a8552
  • Mar 14, 2014: referred to ways and means
  • Mar 13, 2014: DELIVERED TO ASSEMBLY
  • Mar 13, 2014: PASSED SENATE
  • Mar 13, 2014: ORDERED TO THIRD READING CAL.282
  • Jan 21, 2014: REFERRED TO FINANCE

Meetings

Calendars

Votes


Text

STATE OF NEW YORK ________________________________________________________________________ S. 6352 A. 8552 S E N A T E - A S S E M B L Y January 21, 2014 ___________
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: 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, 2014. 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 .. 5,381,200,000 ==============
SCHEDULE GENERAL OBLIGATION PAYMENTS The sum of $482,500,000, 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 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 .......................... 482,500,000 -------------- sub-schedule Debt service payments ...................................... 480,000,000 Related expenses ............................................. 2,500,000 -------------- Total of sub-schedule ...................................... 482,500,000 ============== 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 ..... 1,325,700,000 -------------- SCHEDULE 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 thereof to the Urban Development Corpo- ration ...................................... 11,300,000
sub-schedule Syracuse University (Science and Technology Center) ......... 2,800,000 Cornell University (Supercom- puter Center) .................... 700,000 Columbia University (Telecom- munications Center) ............ 4,800,000 Clarkson University .............. 1,100,000 University Grants 95 Refunding ... 1,900,000 -------------- Total of sub-schedule ......... 11,300,000 -------------- 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 .................... 39,000,000 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 ............................ 82,000,000 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, 2015 ............................. 240,000,000
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 ................. 194,000,000 sub-schedule City University senior colleges ..................... 170,000,000 City University community colleges ...................... 24,000,000 -------------- Total of sub-schedule ........ 194,000,000 -------------- 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 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 .............................. 190,000,000
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 ........................... 1,000,000 For payment according to the following sub- schedule for bonds issued to finance consolidated service contract refundings ... 475,000,000 -------------- sub-schedule Urban Development Corporation .. 385,000,000 Dormitory Authority ............. 80,000,000 Thruway Authority ............... 10,000,000 -------------- Total of sub-schedule ........ 475,000,000 -------------- Total of debt service schedule ............. 1,305,200,000 -------------- 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 ............................ 7,500,000 Dormitory Authority Capital Expenses ........... 8,500,000 Environmental Facilities Corporation ............. 200,000 Thruway Authority ................................ 300,000 -------------- Total of related expenses schedule ............ 20,500,000 -------------- Total of schedules ......................... 1,325,700,000 ============== 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 ... 3,420,000,000 -------------- SCHEDULE Debt Service Payment ....................... 3,400,000,000 Related Expenses .............................. 20,000,000 -------------- Total of schedule .......................... 3,420,000,000 ============== 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 bud- get, available for the purpose of making financing agreement payments related to sales tax revenue bond obligations, as authorized pursuant to article 5-F of the state finance law and in accordance with the following schedule ..................... 153,000,000 -------------- SCHEDULE Debt Service Payments ........................ 150,000,000 Related Expenses ............................... 3,000,000 -------------- Total of schedule ............................ 153,000,000 ============== Total of schedule ........................................ 5,381,200,000 ============== DEBT SERVICE FUND--HOUSING DEBT FUND GENERAL OBLIGATION PAYMENTS The sum of $10,000,000, 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) ............... 10,000,000 ============== DEBT SERVICE FUND--HEALTH INCOME FUND For debt service and related expenses in accordance with the following schedule .................................... 33,500,000 -------------- 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 terms of agreements between the health department and the dormitory authority .................................... 2,000,000 Related expenses ............................................. 1,000,000 Capital expenses ............................................. 1,500,000 -------------- Total of schedule ......................................... 33,500,000 ============== DEBT SERVICE FUND--MENTAL HEALTH SERVICES FUND The sum of $298,000,000, 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 ................... 298,000,000 -------------- SCHEDULE Debt service payments ...................................... 290,000,000 Related expenses ............................................. 8,000,000 -------------- Total of schedule .......................................... 298,000,000 ============== DEBT SERVICE FUND--LOCAL GOVERNMENT ASSISTANCE TAX FUND The sum of $405,500,000, 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 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 ................... 405,500,000 -------------- SCHEDULE Debt service payments ...................................... 400,000,000 Related expenses ............................................. 5,500,000 -------------- Total of schedule .......................................... 405,500,000 ============== TRUST AND AGENCY FUND--SCHOOL CAPITAL FACILITIES FINANCING RESERVE FUND The sum of $25,600,000, 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 ........................................ 25,600,000 -------------- SCHEDULE Debt service payments ....................................... 25,000,000 Related expenses ............................................... 300,000 Capital expenses ............................................... 300,000 -------------- Total of schedule ........................................... 25,600,000 ============== DEDICATED HIGHWAY AND BRIDGE TRUST FUND--SPECIAL OBLIGATION RESERVE AND PAYMENT ACCOUNT The sum of $820,300,000 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 ...................................................... 820,300,000 --------------
SCHEDULE Debt service payments ...................................... 820,000,000 Related expenses ............................................... 300,000 -------------- Total of schedule .......................................... 820,300,000 ============== DEBT REDUCTION RESERVE FUND 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, 2014. GENERAL FUND--STATE PURPOSES ACCOUNT 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
============== 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 ...................................... 900,000,000 Related expenses ............................................ 50,000,000 Interest rate exchange and similar agreements .............. 450,000,000 -------------- Total of schedule ........................................ 1,400,000,000 ============== 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 ..... 66,000,000 -------------- SCHEDULE Debt service payments ....................................... 65,000,000 Related expenses ............................................. 1,000,000 -------------- Total of schedule ........................................... 66,000,000 ============== 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 ........ 236,000,000 --------------
SCHEDULE Debt service payments ...................................... 235,000,000 Related expenses ............................................. 1,000,000 -------------- Total of schedule .......................................... 236,000,000 ==============

Comments

Open Legislation comments facilitate discussion of New York State legislation. All comments are subject to moderation. Comments deemed off-topic, commercial, campaign-related, self-promotional; or that contain profanity or hate speech; or that link to sites outside of the nysenate.gov domain are not permitted, and will not be published. Comment moderation is generally performed Monday through Friday.

By contributing or voting you agree to the Terms of Participation and verify you are over 13.

Discuss!

blog comments powered by Disqus