Bill Text: NY A04002 | 2011-2012 | General Assembly | Introduced


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

Spectrum: Partisan Bill (? 1-0)

Status: (Passed) 2011-03-25 - signed chap.52 [A04002 Detail]

Download: New_York-2011-A04002-Introduced.html
                           S T A T E   O F   N E W   Y O R K
       ________________________________________________________________________
           S. 2802                                                  A. 4002
                             S E N A T E - A S S E M B L Y
                                   February 1, 2011
                                      ___________
       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
       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
       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, 2011.
    6              DEBT SERVICE FUND--GENERAL DEBT SERVICE FUND--311
    7  Maintenance undistributed
    8  For the legal requirements  of  principal,  interest,  and
    9    related  expenses on general obligation bonds, and lease
   10    purchase, special contractual  and  revenue  bond  obli-
   11    gations,  as issued pursuant to article 5-C of the state
   12    finance law and payments for interest rate exchange  and
   13    similar  agreements,  in  accordance  with the following
   14    schedule ............................................... 4,603,325,000
   15                                                            ==============
   16                                  SCHEDULE
   17  GENERAL OBLIGATION PAYMENTS
        EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                             [ ] is old law to be omitted.
       S. 2802                             2                            A. 4002
    1  The sum of $530,000,000, or so  much  thereof  as  may  be
    2    necessary,  is  hereby  appropriated  for payment by the
    3    state comptroller for general obligation bonds issued in
    4    connection  with  higher  education  construction,  pure
    5    waters,  environmental  quality,  transportation capital
    6    facilities, rail preservation, outdoor recreation devel-
    7    opment, energy conservation through improved transporta-
    8    tion, parks and recreation land acquisition, rebuild New
    9    York through transportation infrastructure  renewal  and
   10    accelerated  capacity and transportation improvements of
   11    the nineties, clean water/clean  air,  and  rebuild  and
   12    renew  New  York  transportation purposes, in accordance
   13    with the following sub-schedule .......................... 530,000,000
   14                                                            --------------
   15                                sub-schedule
   16  Debt service payments ...................................... 525,000,000
   17  Related expenses ............................................. 5,000,000
   18                                                            --------------
   19  Total of sub-schedule ...................................... 530,000,000
   20                                                            ==============
   21  LEASE PURCHASE PAYMENTS
   22  The several sums, or so much thereof as may be  sufficient
   23    to  accomplish  in  full  the purposes designated by the
   24    appropriations, are hereby appropriated and are, subject
   25    to the issuance of certificates of  approval  of  avail-
   26    ability by the director of the budget, available for the
   27    purpose  of  making  payments  for  lease purchase obli-
   28    gations, in accordance with the following schedule ......... 2,925,000
   29                                                            --------------
   30                           SCHEDULE
   31  For payment to the Dormitory  Authority  for
   32    the Judicial Institute at Pace University,
   33    pursuant  to  chapter  613  of the laws of
   34    1999, as amended ............................... 550,000
   35  For payment of the lease purchase  agreement
   36    for Hampton Plaza .............................. 700,000
   37  For  payment of the lease purchase agreement
   38    for  the  department   of   transportation
   39    region  one  headquarters  building in the
   40    city of Schenectady .......................... 1,500,000
   41                                              --------------
   42    Total of debt service schedule ............... 2,750,000
   43                                              --------------
   44  For payment of related expenses, in  accord-
   45    ance with the following schedule.
   46                           SCHEDULE
   47  Urban Development Corporation ..................... 50,000
   48  Office of General Services ....................... 125,000
       S. 2802                             3                            A. 4002
    1                                              --------------
    2  Total of related expenses schedule ............... 175,000
    3                                              --------------
    4  Total of schedules ............................. 2,925,000
    5                                              ==============
    6  SPECIAL CONTRACTUAL OBLIGATION PAYMENTS
    7  The  several sums, or so much thereof as may be sufficient
    8    to accomplish in full the  purposes  designated  by  the
    9    appropriations, are hereby appropriated and are, subject
   10    to  the  issuance  of certificates of approval of avail-
   11    ability by the director of the budget, available for the
   12    purpose of making payments for special contractual obli-
   13    gations, in accordance with the following schedule ..... 1,662,050,000
   14                                                            --------------
   15                           SCHEDULE
   16  For payment to  the  Triborough  Bridge  and
   17    Tunnel Authority and the Urban Development
   18    Corporation  pursuant to the provisions of
   19    an  agreement  of  sublease  between   the
   20    Triborough Bridge and Tunnel Authority and
   21    the  state  of New York for the Convention
   22    Center project .............................. 43,000,000
   23  For payment to the Urban Development  Corpo-
   24    ration  pursuant  to  the provisions of an
   25    agreement or  agreements  entered  between
   26    the State and the Urban Development Corpo-
   27    ration  to  pay for bonds, notes, or other
   28    obligations issued  or  entered  into  for
   29    correctional facilities ..................... 67,000,000
   30  For  payment to the Urban Development Corpo-
   31    ration pursuant to the  provisions  of  an
   32    agreement   or  agreements  of  lease  and
   33    sublease entered  into  between,  but  not
   34    limited  to,  the Urban Development Corpo-
   35    ration, the Office of General Services and
   36    the Department  of  Correctional  Services
   37    for the rental of correctional facilities ... 21,000,000
   38  For  payment according to the following sub-
   39    schedule to the Urban  Development  Corpo-
   40    ration for project revenue bonds, pursuant
   41    to the provisions of certain agreements of
   42    lease  between  the entities designated on
   43    the following sub-schedule and  the  state
   44    of  New  York  and  the assignment of rent
   45    thereof to the  Urban  Development  Corpo-
   46    ration ...................................... 16,000,000
   47                  sub-schedule
   48  Rensselaer  Polytechnic Insti-
   49    tute (Center for  Industrial
   50    Innovation) .................... 4,500,000
       S. 2802                             4                            A. 4002
    1  Syracuse  University  (Science
    2    and Technology Center) ......... 2,800,000
    3  Cornell  University (Supercom-
    4    puter Center) .................... 700,000
    5  Columbia University  (Telecom-
    6    munications Center) ............ 5,000,000
    7  Clarkson University .............. 1,100,000
    8  University Grants 95 Refunding ... 1,900,000
    9                                --------------
   10    Total of sub-schedule ......... 16,000,000
   11                                --------------
   12  For  payment to the Dormitory Authority, for
   13    payment of bonds  issued  to  finance  the
   14    Department   of   Health's  David  Axelrod
   15    Institute for Public Health,  pursuant  to
   16    the provisions of an agreement between the
   17    Dormitory  Authority and the Department of
   18    Health ....................................... 6,000,000
   19  For payment to the Dormitory Authority,  for
   20    payment  of  bonds issued to finance State
   21    Department of Education facilities, pursu-
   22    ant to an agreement between the  Dormitory
   23    Authority  and the State Education Depart-
   24    ment ......................................... 5,500,000
   25  For payment to the  Housing  Finance  Agency
   26    and  the Urban Development Corporation for
   27    payment of bonds  issued  to  finance  the
   28    State's housing programs .................... 34,000,000
   29  For  payment to the Metropolitan Transporta-
   30    tion Authority, pursuant to state  service
   31    contracts  authorized  by  section  16  of
   32    chapter 314 of the laws of  1981,  section
   33    42  of chapter 929 of the laws of 1986, as
   34    amended by chapter 13 of the laws of 1987,
   35    and section 34 of part O of chapter 61  of
   36    the laws of 2000 ........................... 165,000,000
   37  For   payment   to   the   State  University
   38    Construction  Fund,  for  payment  to  the
   39    Dormitory Authority, pursuant to paragraph
   40    (e)  of  subdivision 19 of section 1680 of
   41    the public authorities  law,  to  pay  for
   42    bonds  or  notes issued by such authority,
   43    pursuant to agreements between  the  State
   44    University    Construction   Fund,   State
   45    University of New York and  the  Dormitory
   46    Authority,  relating  to  State University
   47    education facilities. Notwithstanding  the
   48    provisions  of  section  40  of  the state
   49    finance law or any other provision of  law
   50    to  the contrary, this appropriation shall
   51    remain in  full  force  and  effect  until
   52    April 30, 2012 ............................. 310,000,000
   53  For   payment   to   the   State  University
   54    Construction  Fund,  for  payment  to  the
   55    Dormitory  Authority,  in  accordance with
       S. 2802                             5                            A. 4002
    1    subdivision  8  of  section  6304  of  the
    2    education  law, for bonds, notes, or other
    3    obligations  issued  by  such   authority,
    4    pursuant  to  an  agreement  or agreements
    5    among the State University  of  New  York,
    6    various community colleges and their spon-
    7    sors,  and  the  Dormitory  Authority  for
    8    educational   facilities   of    community
    9    colleges .................................... 28,000,000
   10  For   payment   to   the   City   University
   11    Construction  Fund  for  City   University
   12    senior  colleges  and  for  community col-
   13    leges. Moneys hereby appropriated, or por-
   14    tions thereof, are for payments net of all
   15    interest and investment earnings on senior
   16    and community college payments  and  other
   17    excess earnings held by the City Universi-
   18    ty  Construction  Fund, in accordance with
   19    the following sub-schedule ................. 270,000,000
   20                  sub-schedule
   21  City     University     senior
   22    colleges ..................... 240,000,000
   23  City    University   community
   24    colleges ...................... 30,000,000
   25                                --------------
   26    Total of sub-schedule ........ 270,000,000
   27                                --------------
   28  For  payment  to  the  Dormitory  Authority,
   29    pursuant  to  the  provisions of a service
   30    contract  or  contracts,  for  payment  of
   31    bonds or notes issued for the financing of
   32    projects at the Albany County Airport ........ 4,000,000
   33  For  payment  to the Dormitory Authority and
   34    the  Urban  Development  Corporation   for
   35    bonds  issued  for  one or more facilities
   36    provided for the department of  audit  and
   37    control,  the  New  York  state  and local
   38    employees' retirement system, and the  New
   39    York  state  and  local  police  and  fire
   40    retirement system and  on  behalf  of  the
   41    departments  or  agencies having occupancy
   42    or use of other state facilities and park-
   43    ing facilities ............................... 1,200,000
   44  For payment to the Dormitory Authority,  for
   45    payment  of bonds issued to finance eligi-
   46    ble  child  care  facilities   development
   47    projects,  pursuant  to  an  agreement  or
   48    agreements between the Dormitory Authority
   49    and the state ................................ 2,000,000
   50  For payment to the Thruway Authority, pursu-
   51    ant to section 380 of the public  authori-
   52    ties  law,  to  pay  for Local Highway and
       S. 2802                             6                            A. 4002
    1    Bridge Service  Contract  bonds  or  notes
    2    issued  by  such  authority pursuant to an
    3    agreement  between  the  Thruway Authority
    4    and the state .............................. 205,000,000
    5  For payment to the Environmental  Facilities
    6    Corporation  to  pay  for  bonds  or notes
    7    issued by such authority  pursuant  to  an
    8    agreement between the Environmental Facil-
    9    ities Corporation and the Office of Parks,
   10    Recreation and Historic Preservation ......... 1,800,000
   11  For  payment to the Environmental Facilities
   12    Corporation, pursuant to subdivision 1  of
   13    section  1290  of  the  public authorities
   14    law, to pay for bonds or notes  issued  by
   15    such  authority pursuant to a lease agree-
   16    ment between the Environmental  Facilities
   17    Corporation   and  the  Office  of  Parks,
   18    Recreation   and   Historic   Preservation
   19    relating  to  the  financing  of Riverbank
   20    State Park ................................... 5,000,000
   21  For payment to the Environmental  Facilities
   22    Corporation  for bonds and notes issued by
   23    such authority, pursuant to  an  agreement
   24    between   the   Environmental   Facilities
   25    Corporation  and  the  Office  of   Mental
   26    Health  relating  to  the  financing  of a
   27    Waste water treatment facility for Pilgrim
   28    Psychiatric Center ............................. 950,000
   29  For payment to the Environmental  Facilities
   30    Corporation,  for  payment of bonds issued
   31    to  finance  eligible  pipeline  for  jobs
   32    projects,  pursuant  to  an  agreement  or
   33    agreements   between   the   Environmental
   34    Facilities Corporation and the State ......... 1,800,000
   35  For  payment to the Environmental Facilities
   36    Corporation, for payment of  bonds  issued
   37    to  finance  environmental  infrastructure
   38    projects,  pursuant  to  an  agreement  or
   39    agreements   between   the   Environmental
   40    Facilities Corporation and the State ........ 18,000,000
   41  For payment according to the following  sub-
   42    schedule   for  bonds  issued  to  finance
   43    consolidated service contract refundings ... 428,000,000
   44                                              --------------
   45                  sub-schedule
   46  Urban Development Corporation .. 342,000,000
   47  Dormitory Authority ............. 86,000,000
   48                                --------------
   49    Total of sub-schedule ........ 428,000,000
   50                                --------------
   51  Total of debt service schedule ............. 1,633,250,000
   52                                              --------------
       S. 2802                             7                            A. 4002
    1  For payment of related expenses  in  accord-
    2    ance with the following schedule.
    3                           SCHEDULE
    4  Urban Development Corporation .................. 5,000,000
    5  Housing Finance Agency ......................... 4,000,000
    6  Dormitory Authority ........................... 13,000,000
    7  Dormitory Authority Capital Expenses ........... 5,000,000
    8  Environmental Facilities Corporation ............. 300,000
    9  Triborough Bridge and Tunnel Authority ......... 1,000,000
   10  Thruway Authority ................................ 500,000
   11                                              --------------
   12  Total of related expenses schedule ............ 28,800,000
   13                                              --------------
   14  Total of schedules ......................... 1,662,050,000
   15                                              ==============
   16  REVENUE BOND FINANCING AGREEMENT PAYMENTS
   17  The  several sums, or so much thereof as may
   18    be necessary, are hereby appropriated  for
   19    payment  to  the  dormitory authority, the
   20    environmental facilities corporation,  the
   21    housing   finance   agency,   the  thruway
   22    authority,  and  the   urban   development
   23    corporation  and are, subject to the issu-
   24    ance of certificates of approval of avail-
   25    ability by the  director  of  the  budget,
   26    available   for   the  purpose  of  making
   27    financing agreement  payments  related  to
   28    personal  income  tax  revenue  bond obli-
   29    gations, as authorized pursuant to article
   30    5-C  of  the  state  finance  law  and  in
   31    accordance with the following schedule ... 2,408,350,000
   32                                              --------------
   33                           SCHEDULE
   34  Economic Development and Housing ............. 385,000,000
   35  Education .................................... 470,000,000
   36  Environment .................................. 105,000,000
   37  General Purpose .............................. 940,000,000
   38  Healthcare .................................... 15,000,000
   39  State Facilities and Equipment ............... 200,000,000
   40  Transportation ............................... 275,000,000
   41                                              --------------
   42  Total of schedule .......................... 2,390,000,000
   43                                              --------------
   44  For  payment  of related expenses in accord-
   45    ance with the following schedule.
   46                           SCHEDULE
   47  Urban Development Corporation .................. 2,000,000
       S. 2802                             8                            A. 4002
    1  Housing Finance Agency ......................... 2,500,000
    2  Dormitory Authority ........................... 12,000,000
    3  Dormitory Authority Capital Expenses ............. 800,000
    4  Environmental Facilities Corporation ............. 800,000
    5  Thruway Authority ................................ 250,000
    6                                              --------------
    7  Total of schedule ............................. 18,350,000
    8                                              --------------
    9  Total of schedules ......................... 2,408,350,000
   10                                              ==============
   11  Total of schedule ........................................ 4,603,325,000
   12                                                            ==============
   13                  DEBT SERVICE FUND--HOUSING DEBT FUND--316
   14  GENERAL OBLIGATION PAYMENTS
   15  The  sum  of  $15,500,000,  or  so  much thereof as may be
   16    necessary, is hereby appropriated  for  payment  by  the
   17    state  comptroller  of principal and interest on general
   18    obligation bonds issued in connection with state housing
   19    (low cost, middle income and urban renewal) ............... 15,500,000
   20                                                            ==============
   21                 DEBT SERVICE FUND--HEALTH INCOME FUND--319
   22  For debt service and related expenses in  accordance  with
   23    the following schedule .................................... 34,800,000
   24                                                            --------------
   25                                  SCHEDULE
   26  The  sum  of  $30,000,000,  or  so  much thereof as may be
   27    necessary of operating revenues received from department
   28    of health facilities other than the New York City Veter-
   29    ans' Home, is hereby appropriated  for  payment  by  the
   30    state  comptroller of all obligations under the terms of
   31    agreements between the health department and the  dormi-
   32    tory authority ............................................ 30,000,000
   33  The sum of $2,000,000, or so much thereof as may be neces-
   34    sary  of  operating  revenues received from the New York
   35    City Veterans' Home, is hereby appropriated for  payment
   36    by  the  state  comptroller of all obligations under the
   37    terms of agreements between the  health  department  and
   38    the dormitory authority .................................... 2,000,000
   39  Related expenses ............................................... 800,000
   40  Capital expenses ............................................. 2,000,000
   41                                                            --------------
   42    Total of schedule ......................................... 34,800,000
   43                                                            ==============
   44       DEBT SERVICE FUND--STATE UNIVERSITY DORMITORY INCOME FUND--330
   45  The  sum  of  $105,300,000,  or  so much thereof as may be
   46    necessary, is hereby appropriated  for  payment  by  the
       S. 2802                             9                            A. 4002
    1    state  comptroller of all obligations under the terms of
    2    agreements between the state university of New York  and
    3    the dormitory authority and refunds to students for room
    4    rental  and college fee overpayments, in accordance with
    5    the following schedule ................................... 105,300,000
    6                                                            --------------
    7                                  SCHEDULE
    8  Debt service payments ....................................... 95,000,000
    9  Related expenses ............................................... 800,000
   10  Capital expenses ............................................. 9,500,000
   11                                                            --------------
   12  Total of schedule .......................................... 105,300,000
   13                                                            ==============
   14             DEBT SERVICE FUND--MENTAL HEALTH SERVICES FUND--304
   15  The sum of $353,000,000, or so  much  thereof  as  may  be
   16    necessary,  is  hereby  appropriated  for payment by the
   17    state comptroller of all obligations  of  the  dormitory
   18    authority,  as  successor  to the facilities development
   19    corporation and  the  medical  care  facilities  finance
   20    agency pursuant to chapter 83 of the laws of 1995, under
   21    the  terms  of  any  lease, sublease, or other financing
   22    agreement with the  department  of  mental  hygiene,  in
   23    accordance with the following schedule ................... 353,000,000
   24                                                            --------------
   25                                  SCHEDULE
   26  Debt service payments ...................................... 345,000,000
   27  Related expenses ............................................. 8,000,000
   28                                                            --------------
   29  Total of schedule .......................................... 353,000,000
   30                                                            ==============
   31        DEBT SERVICE FUND--LOCAL GOVERNMENT ASSISTANCE TAX FUND--364
   32  The  sum  of  $392,000,000,  or  so much thereof as may be
   33    necessary, is hereby appropriated  for  payment  of  all
   34    obligations,  including  but not limited to reserve fund
   35    credit facilities, to the  local  government  assistance
   36    corporation  pursuant  to  a certificate or certificates
   37    filed by the chairman of the corporation with the  state
   38    comptroller  and the governor, pursuant to subdivision 1
   39    of section  3240  of  the  public  authorities  law,  in
   40    accordance with the following schedule ................... 392,000,000
   41                                                            --------------
   42                                  SCHEDULE
   43  Debt service payments ...................................... 385,000,000
   44  Related expenses ............................................. 7,000,000
   45                                                            --------------
       S. 2802                            10                            A. 4002
    1  Total of schedule .......................................... 392,000,000
    2                                                            ==============
    3              TRUST AND AGENCY FUND--SCHOOL CAPITAL FACILITIES
    4                         FINANCING RESERVE FUND--130
    5  The  sum  of  $30,500,000,  or  so  much thereof as may be
    6    necessary, is hereby appropriated  for  payment  by  the
    7    state  comptroller  to  the  dormitory authority for the
    8    purpose of meeting the terms of any  contractual  agree-
    9    ments  between the dormitory authority and participating
   10    special act school districts listed in  chapter  566  of
   11    the  laws  of  1967, as amended, state-supported schools
   12    for blind and deaf  students  and  children  with  other
   13    handicapping  conditions  pursuant  to article 85 of the
   14    education  law,  and  private   not-for-profit   schools
   15    approved  by  the  commissioner of education pursuant to
   16    article 89 of the education law, in accordance with  the
   17    following schedule ........................................ 30,500,000
   18                                                            --------------
   19                                  SCHEDULE
   20  Debt service payments ....................................... 30,000,000
   21  Related expenses ............................................... 250,000
   22  Capital expenses ............................................... 250,000
   23                                                            --------------
   24  Total of schedule ........................................... 30,500,000
   25                                                            ==============
   26              DEDICATED HIGHWAY AND BRIDGE TRUST FUND--SPECIAL
   27                 OBLIGATION RESERVE AND PAYMENT ACCOUNT--072
   28  The  sum  of  $960,250,000,  or  so much thereof as may be
   29    necessary, is hereby appropriated to pay  for  bonds  or
   30    notes  as  required  under  dedicated highway and bridge
   31    trust fund cooperative agreements under section 10-e  of
   32    the highway law, in accordance with the following sched-
   33    ule ...................................................... 960,250,000
   34                                                            --------------
   35                                  SCHEDULE
   36  Debt service payments ...................................... 960,000,000
   37  Related expenses ............................................... 250,000
   38                                                            --------------
   39  Total of schedule .......................................... 960,250,000
   40                                                            ==============
   41                      DEBT REDUCTION RESERVE FUND - 064
   42  The  sum  of  $250,000,000,  or  so much thereof as may be
   43    necessary,  is  hereby  appropriated   from   the   debt
   44    reduction  reserve  fund  for the purposes of principal,
   45    interest, and related expenses, for retiring or  defeas-
   46    ing  bonds  previously  issued,  including  any  accrued
       S. 2802                            11                            A. 4002
    1    interest or other  expenses  related  thereto,  for  any
    2    state-related bonding program or programs and for trans-
    3    fer,  upon  request  of  the  director of the budget, to
    4    various  capital  projects  funds  as  designated by the
    5    director of  the  budget  for  the  funding  of  capital
    6    projects,  equipment  acquisitions,  or similar expenses
    7    which have been authorized by law to be financed through
    8    the issuance of bonds, notes, or other obligations ....... 250,000,000
    9                                                            ==============
   10                     CONTINGENT AND OTHER APPROPRIATIONS
   11    S 2. The several sums specified in this section, or so much thereof as
   12  may be sufficient to accomplish in full the purposes designated  by  the
   13  appropriations,  are  hereby  appropriated to be paid as herein provided
   14  for the funds and purposes specified and  are  made  available  for  the
   15  fiscal year beginning April 1, 2011.
   16                  GENERAL FUND--STATE PURPOSES ACCOUNT--003
   17  The  sum  of  $20,000,000,  or  so  much thereof as may be
   18    necessary, is hereby appropriated from the general  fund
   19    to  the  credit of the state purposes account solely for
   20    the purpose of making payments of rebates to the federal
   21    government to maintain the exemption from federal income
   22    taxation of the interest paid to the  holders  of  state
   23    obligations issued pursuant to sections 55 and 57 of the
   24    state finance law ......................................... 20,000,000
   25                                                            ==============
   26  The  sum  of  $225,000,000,  or  so much thereof as may be
   27    necessary, is hereby appropriated from the general  fund
   28    to  the  credit of the state purposes account solely for
   29    the purpose of redeeming general obligation bonds issued
   30    by the state of New York, provided,  however,  that  the
   31    amount  to  be expended from this appropriation shall be
   32    limited to the amount, as determined by the comptroller,
   33    to be necessary to maintain the exemption  from  federal
   34    taxation  of  the  interest paid to the holders of state
   35    obligations issued pursuant to sections 55 and 57 of the
   36    state finance law ........................................ 225,000,000
   37                                                            ==============
   38                                  ALL FUNDS
   39  For payment of principal and interest, including  but  not
   40    limited  to  reserve fund credit facilities, on variable
   41    rate obligations and interest rate exchange and  similar
   42    agreements  for  state-supported debt or for transfer to
   43    any other appropriation, in accordance with the  follow-
   44    ing schedule ........................................... 1,500,000,000
   45                                                            --------------
   46                                  SCHEDULE
   47  Debt service payments .................................... 1,000,000,000
       S. 2802                            12                            A. 4002
    1  Related expenses ........................................... 100,000,000
    2  Interest rate exchange and similar agreements .............. 400,000,000
    3                                                            --------------
    4  Total of schedule ........................................ 1,500,000,000
    5                                                            ==============
    6              DEBT SERVICE FUND--GENERAL DEBT SERVICE FUND--311
    7  SPECIAL CONTRACTUAL OBLIGATION PAYMENTS
    8  For  payment  to  the dormitory authority, as successor to
    9    the medical care facilities finance agency  pursuant  to
   10    chapter 83 of the laws of 1995, for payment of principal
   11    interest,  and related expenses on bonds or notes issued
   12    pursuant to the provisions of section  7-a  of  the  New
   13    York  state  medical care facilities finance agency act,
   14    as amended, which  provide  that  the  service  contract
   15    payments  will be made to meet the debt service payments
   16    due if the funds and accounts established under the bond
   17    resolution, the secured hospital  debt  service  reserve
   18    fund,  and the secured hospital capital reserve fund are
   19    inadequate, in accordance with the following schedule ..... 84,000,000
   20                                                            --------------
   21                                  SCHEDULE
   22  Debt service payments ....................................... 83,000,000
   23  Related expenses ............................................. 1,000,000
   24                                                            --------------
   25  Total of schedule ........................................... 84,000,000
   26                                                            ==============
   27  For payment to the  tobacco  settlement  financing  corpo-
   28    ration, for payment of bonds or notes issued pursuant to
   29    the  provisions  of part D3 of chapter 62 of the laws of
   30    2003 which provides that contingency  contract  payments
   31    will  be  made  to meet the debt service payments due if
   32    the funds and accounts established under the bond inden-
   33    tures, the  debt  service  accounts,  the  debt  service
   34    reserve accounts and the supplemental accounts are inad-
   35    equate, in accordance with the following schedule ........ 306,000,000
   36                                                            --------------
   37                                  SCHEDULE
   38  Debt service payments ...................................... 305,000,000
   39  Related expenses ............................................. 1,000,000
   40                                                            --------------
   41  Total of schedule .......................................... 306,000,000
   42                                                            ==============
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