Title STF, State Finance

§ 54-l. State assistance to eligible cities and eligible\nmunicipalities in which a video lottery gaming facility is located. 1.\nDefinitions. When used in this section, unless otherwise expressly\nstated:\n a. "Eligible city" shall mean a city with a population equal to or\ngre…

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

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

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

§ 57. Issuance of state bonds. 1. Whenever the legislature, after\nauthorization of a bond issue by the people at a general election, as\nprovided by section eleven of article seven of the state constitution,\nor as provided by section three of article eighteen of the state\ncon…

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

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

§ 63. Expense of preparing and selling bonds. From the moneys realized\nfrom the sale of bonds heretofore or hereafter authorized the\ncomptroller shall apportion the expense of preparing and selling such\nbonds against the appropriation or appropriations, and shall use such\nap…

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

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

§ 66-a. Restriction on issuance of certificates of participation. 1.\nNo person, partnership, corporation or other legal entity nor any state\nofficer, employee, agency, department, the city university of New York,\nthe legislature or the judiciary shall issue certificates of\np…

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

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

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

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

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

§ 66-g. Indemnification. Any agreement for the issuance of\ncertificates of participation to fund installment purchases by the state\nmay provide that the state will indemnify the trustee, paying agent,\nservice agent or any other person performing a similar or related\nfunction…

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

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

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

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

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

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

§ 67-c. Authorization for consolidated service contract refundings. 1.\nIn addition to the authorizations for state-supported debt specified in\nany other provision of law, the issuers of state-supported debt may also\nissue bonds and notes to refund or otherwise repay previousl…

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

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

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

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

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

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

§ 69-d. Interest rate exchange or similar agreements. 1. Authorized\nissuer; powers. In connection with the issuance of State-supported debt,\nor in connection with such State-supported debt already outstanding, an\nauthorized issuer shall have the power to:\n (a) enter into int…

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

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

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

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

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

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

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

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

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

§ 70. Classification of funds. 1. The comptroller shall establish the\nnecessary fund types required to comply with generally accepted\naccounting principles. When the establishment or elimination of a fund\ntype would be required to implement a change in generally accepted\nacc…

§ 71. Abolition, maintenance and establishment of funds. 1.\nNotwithstanding any provision of law to the contrary, each fund\nestablished prior to the effective date of this section other than by\nlaw and in existence at the time of the effective date of this section,\nshall be …

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

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

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

§ 73. Federal interest subsidy payments. Notwithstanding any other\nprovision of law to the contrary, the comptroller shall deposit any\nfederal interest subsidy payments received by the state for\nstate-supported debt issued as build America bonds (BABs) or Qualified\nSchool Co…

§ 74. Transportation infrastructure renewal fund. 1. There is hereby\nestablished in the joint custody of the state comptroller and the\ncommissioner of taxation and finance a special fund, to be known as the\n"transportation infrastructure renewal fund".\n 2. The comptroller sh…

§ 75. Establishment of accounts. The comptroller is authorized to\nestablish whatever accounts he deems necessary in conformance with\ngenerally accepted accounting principles for the discharge of his\nduties.\n

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

§ 77. Accelerated capacity and transportation improvements fund. 1.\nThere is hereby established in the joint custody of the state\ncomptroller and the commissioner of taxation and finance a special fund\nto be known as the "accelerated capacity and transportation improvements\n…