Section 4. Duration of payments.
Notwithstanding any other provisions of law, the following shall apply to the projects authorized in section 3:
(1) The amount allocated to the project described in section 3(2)(i)(A) shall be paid in annual amounts of not less than $5,100,000 for ten years. The remaining unpaid balance of the total amount authorized in section 3 shall be paid in total within the next two fiscal years.
(2) The amount allocated to the project described in section 3(2)(i)(B) shall be paid in annual amounts of not less than $1,700,000 for ten years. The remaining unpaid balance of the total amount authorized in section 3 shall be paid in total within the next two fiscal years.
(3) The amount allocated to the project described in section 3(2)(i)(C) shall be paid in annual amounts of not less than $1,700,000 for ten years. The remaining unpaid balance of the total amount authorized in section 3 shall be paid in total within the next two fiscal years. However, the amount paid shall not exceed the operating deficit of the David L. Lawrence Convention Center.
(4) The amount allocated to the projects described in section 3(2)(i)(D) shall be paid in annual amounts, not to exceed $7,500,000, for 30 years or the retirement of the debt issued for the projects described in section 3(2)(i)(D), whichever is less.
(5) The amount allocated to the projects described in section 3(2)(i)(E) shall be paid in annual amounts of not less than $12,400,000 for ten years. The remaining unpaid balance of the total amount authorized in section 3 shall be paid in total within the next two fiscal years.
(6) The amount allocated to the project described in section 3(2)(i)(F) shall be paid in annual amounts of not less than $6,600,000 for ten years. The remaining unpaid balance of the total amount authorized in section 3 shall be paid in total within the next two fiscal years.
(7) ((7) repealed Jan. 7, 2010, P.L.1, No.1)
(8) The amount allocated to the project described in section 3(2)(i)(H) shall be paid in annual amounts of not less than $2,500,000 for ten years. The remaining unpaid balance of the total amount authorized in section 3 shall be paid in total within the next two fiscal years.
(9) The amount allocated to the project described in section 3(51)(i)(A) shall be paid in annual amounts, not to exceed $64,000,000, for up to 30 years for the retirement of the debt issued or operating expenses for the project described in section 3(51)(i)(A). However, the amount paid may not exceed the actual amounts of debt service and $6,000,000 for operating expenses in any year. Payments made pursuant to this paragraph, which are reimbursements to the General Fund, shall be deposited into the Capital Debt Fund for repayment of debt issued. Payments authorized under this paragraph shall not exceed $880,000,000.