Title STF, State Finance

§ 54-l. State assistance to eligible cities and eligible municipalities in which a video lottery gaming facility is located. 1. Definitions. When used in this section, unless otherwise expressly stated: a. "Eligible city" shall mean a city with a population equal to or greater t…

§ 54-m. Local share requirements associated with increasing the age of juvenile jurisdiction above fifteen years of age. Notwithstanding any other provision of law to the contrary, counties and the city of New York shall not be required to contribute a local share of eligible ex…

§ 55. Issuance of tax and revenue anticipation notes and bond anticipation notes. 1. When used in this section, the following terms shall be defined as follows: (a) "Tax and revenue anticipation note" shall mean a note issued in anticipation of the receipt of taxes and revenues,…

§ 56. Call provision in state bonds; refunding state bonds. 1. Whenever in the comptroller's opinion it is to the advantage of the state the comptroller when issuing and selling any bonds of the state may reserve to the state on such conditions as the comptroller may deem advisa…

§ 57. Issuance of state bonds. 1. Whenever the legislature, after authorization of a bond issue by the people at a general election, as provided by section eleven of article seven of the state constitution, or as provided by section three of article eighteen of the state constit…

§ 61. Probable life of certain works or purposes of state debt. In compliance with section twelve of article seven of the state constitution, it is hereby determined that the probable life of each of the following described types of buildings, structures, improvements, acquisiti…

§ 62. Replacement of lost certificates. The comptroller, who may act through his duly authorized fiscal agent or trustee appointed pursuant to section sixty-five of this article, may issue to the lawful owner of any certificate or bond issued by him in behalf of this state, whic…

§ 63. Expense of preparing and selling bonds. From the moneys realized from the sale of bonds heretofore or hereafter authorized the comptroller shall apportion the expense of preparing and selling such bonds against the appropriation or appropriations, and shall use such apport…

§ 64. Contracts for dies, plates and engraving. The state comptroller shall have power and authority, and it shall be his duty, to enter into and execute for and on behalf of the state such contract or contracts for dies, plates and engraving necessary for the preparation of bon…

§ 65. Appointment of fiscal agent or trustee; powers and duties. 1. Notwithstanding any other provisions of this chapter, the comptroller, on behalf of the state, may contract from time to time for a period or periods not exceeding ten years each, except in the case of a bank or…

§ 66-a. Restriction on issuance of certificates of participation. 1. No person, partnership, corporation or other legal entity nor any state officer, employee, agency, department, the city university of New York, the legislature or the judiciary shall issue certificates of parti…

§ 66-b. Issuance of certificates of participation. 1. The director of the budget shall determine whether the use of certificates of participation to finance and/or to refinance installment purchase or lease purchase contracts entered into by state departments, agencies or the ci…

§ 66-c. Certificates of participation not debt. Certificates of participation or similar instruments issued pursuant to this article and the underlying installment purchase or lease purchase contracts do not constitute or create debt of the state as defined in article seven of t…

§ 66-d. Annual ceiling on certificates of participation. 1. The governor shall include in the bills which he submits in connection with the executive budget his recommendation as to the total maximum amount of certificates of participation to be issued for purchases of personal …

§ 66-e. Restrictions on the use of certificates of participation for real property. Certificates of participation or similar instruments shall not be used to finance the acquisition or improvement of real property unless specifically authorized in an appropriation bill or some o…

§ 66-f. Certain interagency transfers authorized. The director of the budget may, if necessary, authorize the transfer of monies from one state department, agency or the city university of New York to pay for installment purchases or lease purchases made on its behalf, to anothe…

§ 66-g. Indemnification. Any agreement for the issuance of certificates of participation to fund installment purchases by the state may provide that the state will indemnify the trustee, paying agent, service agent or any other person performing a similar or related function, bu…

§ 66-h. Restriction on sale in the event of nonappropriation. 1. Any agreement for the issuance of certificates of participation to fund installment purchases or lease purchases by the state may provide that the certificates are secured by the underlying property and that, in th…

§ 66-j. Annual report. On or before February fifteenth of each fiscal year, beginning with the nineteen hundred eighty-eight--eighty-nine fiscal year and ending with the nineteen hundred ninety-seven--ninety-eight fiscal year, and on or before February fifteenth and June fifteen…

§ 66-k. Certificates of participation; reallocation requirements. 1. This section shall not apply to appropriations made to units of the state university or the city university of New York. 2. In those cases where funds have been appropriated to a state department or agency for …

§ 66-l. Certificates of participation executed and delivered by the state of New York bond bank agency on behalf of a political subdivision. The provisions of this article shall not apply to certificates of participation executed and delivered by the state of New York bond bank …

§ 67-a. Definitions. When used in this article the following terms shall have the meanings set forth below: 1. "State-supported debt" shall mean any bonds or notes, including bonds or notes issued to fund reserve funds and costs of issuance, issued by the state or a state public…

§ 67-b. Limitations on the issuance of state-supported debt. 1. (a) State-supported debt may not be contracted for unless, as of October thirty-first, two thousand one and as of each October thirty-first thereafter, the total outstanding principal amount of such debt, as of the …

§ 67-c. Authorization for consolidated service contract refundings. 1. In addition to the authorizations for state-supported debt specified in any other provision of law, the issuers of state-supported debt may also issue bonds and notes to refund or otherwise repay previously i…

§ 68-a. Definitions. 1. "Authorized issuer" shall mean the following public authorities and public benefit corporations, and any successors thereto: (a) the dormitory authority of the state of New York; (b) the urban development corporation; (c) the New York state thruway author…

§ 68-b. Issuance of bonds and notes. 1. (a) Authorized issuers shall have the power and are hereby authorized from time to time to issue revenue bonds, in such principal amount or amounts, subject to subdivision eight of this section and as the director of the budget shall deter…

§ 68-c. Payments to authorized issuers. 1. The state, acting through the director of the budget, and authorized issuers may enter into, amend, modify, or rescind one or more financing agreements providing for the specific manner, timing, and amount of payments to be made under t…

§ 69-a. Definitions. As used throughout this article, the following terms shall have the following meanings: 1. "Variable rate bonds" shall mean any State-supported debt which bears interest at a rate or rates which varies from time to time. 2. "Interest rate exchange or similar…

§ 69-b. Limitation on amount of variable rate debt instruments. As of the initial date of each issuance of variable rate bonds or the date of entering into any other variable rate debt instruments, or for debt issued on or before July first, two thousand five upon conversion of …

§ 69-c. Variable rate bonds. Notwithstanding any other provision of law to the contrary, any State-supported debt may be issued as variable rate bonds. Notwithstanding any other provision of law to the contrary, for purposes of calculating the present value of debt service and c…

§ 69-d. Interest rate exchange or similar agreements. 1. Authorized issuer; powers. In connection with the issuance of State-supported debt, or in connection with such State-supported debt already outstanding, an authorized issuer shall have the power to: (a) enter into interest…

§ 69-e. Applicability. Nothing in this article shall be construed as to apply to or limit any debt obligation or related instrument of the state, state public corporations, or any other issuers except those obligations or instruments which are or relate to State-supported debt. …

§ 69-i. The New York works task force. 1. There shall be a New York works task force that will advise on coordinating the capital plans of New York state agencies and authorities, including leveraging and accelerating funding streams and financing mechanisms to enhance infrastru…

§ 69-j. The New York works task force; governance. 1. The New York works task force shall consist of fifteen members, each of whom shall be appointed by the governor and two of whom shall be appointed upon recommendation of the temporary president of the senate, two of whom shal…

§ 69-k. The New York works task force; executive director, employees. The governor may designate an individual to act as executive director of the New York works task force and may assign from time to time such other employees as the New York works task force may require.

§ 69-l. The New York works task force; code of conduct. The New York works task force shall establish a code of conduct consistent with section seventy-four of the public officers law and which shall, among other things, address potential conflicts of interest and provide for pe…

§ 69-m. Definitions. 1. "Authorized issuer" shall mean the dormitory authority of the state of New York, the New York state urban development corporation, the New York state thruway authority, and any successors thereto. 2. "Authorized purpose" for purposes of this article and s…

§ 69-n. Issuance of bonds and notes. 1. (a) Authorized issuers shall have the power and are hereby authorized from time to time to issue revenue bonds, in such principal amount or amounts, subject to subdivision eight of this section and as the director of the budget shall deter…

§ 69-o. Payments to authorized issuers. 1. The state, acting through the director of the budget, and authorized issuers may enter into, amend, modify or rescind one or more financing agreements providing for the specific manner, timing, and amount of payments to be made under th…

§ 7. Duties of department of taxation and finance. The commissioner of taxation and finance shall receive all moneys paid into the treasury of the state, pay all warrants drawn by the comptroller on the treasury in a timely manner, make no payment out of the treasury except on t…

§ 70. Classification of funds. 1. The comptroller shall establish the necessary fund types required to comply with generally accepted accounting principles. When the establishment or elimination of a fund type would be required to implement a change in generally accepted account…

§ 71. Abolition, maintenance and establishment of funds. 1. Notwithstanding any provision of law to the contrary, each fund established prior to the effective date of this section other than by law and in existence at the time of the effective date of this section, shall be eith…

§ 71-a. Funds established by law. The comptroller shall account for the money in any fund heretofore or hereafter established by law in such manner as he shall determine and for such purpose may in conformance with sections seventy-one and seventy-five of this article, account f…

§ 71-b. Expenditure of check-off monies. 1. To the extent practicable, for every fund established pursuant to this chapter or any other law, for which a tax check-off is a source of the monies in such fund, the head of the agency or entity administering the expenditure of such m…

§ 72. General fund. 1. Notwithstanding any provision of law to the contrary, the general fund of this state shall be defined and maintained in accordance with the provisions of this section and shall account for all financial resources of the state except those required to be ac…

§ 73. Federal interest subsidy payments. Notwithstanding any other provision of law to the contrary, the comptroller shall deposit any federal interest subsidy payments received by the state for state-supported debt issued as build America bonds (BABs) or Qualified School Constr…

§ 74. Transportation infrastructure renewal fund. 1. There is hereby established in the joint custody of the state comptroller and the commissioner of taxation and finance a special fund, to be known as the "transportation infrastructure renewal fund". 2. The comptroller shall e…

§ 75. Establishment of accounts. The comptroller is authorized to establish whatever accounts he deems necessary in conformance with generally accepted accounting principles for the discharge of his duties.

§ 76. Rail preservation and development fund. 1. There is hereby established in the custody of the state comptroller a special fund to be known as the "rail preservation and development fund." 2. Such fund shall consist of all monies received by the state from the sale of bonds …

§ 77. Accelerated capacity and transportation improvements fund. 1. There is hereby established in the joint custody of the state comptroller and the commissioner of taxation and finance a special fund to be known as the "accelerated capacity and transportation improvements fund…