New York § 450 - 450Expenditure of moneys

§ 450. 450Expenditure of moneys

§ 450. Expenditure of moneys. 1. The moneys received by the state from the sale of bonds and/or notes pursuant to the Accelerated Capacity and Transportation Improvements of the Nineties Bond Act shall be expended pursuant to annual appropriations for accelerated capacity and transportation improvements and municipal bridge improvements as defined in this article. 2. Regional distribution. (a) Notwithstanding any inconsistent provisions of any general or special law, the aggregate value of improvements shall be distributed within the regions of the state in the following amounts: (i) for the Hudson Valley region, consisting of Westchester, Rockland, Putnam, Dutchess, Columbia, Orange and Ulster counties: four hundred twenty-one million dollars ($421,000,000); (ii) for the Long Island region, consisting of Nassau and Suffolk counties: six hundred ninety million dollars ($690,000,000); (iii) for New York city, consisting of Richmond, Kings, Queens, New York and Bronx counties: six hundred ninety million dollars ($690,000,000); and (iv) for the upstate region, consisting of all counties of New York state not included in subparagraphs (i), (ii), and (iii) of this paragraph: one billion, one hundred ninety-nine million dollars ($1,199,000,000). (b) Disbursements for such improvements are to be financed from the sale of bonds pursuant to the Accelerated Capacity and Transportation Improvements of the Nineties Bond Act. 3. Program distribution. The moneys received by the state from the sale of bonds sold pursuant to the Accelerated Capacity and Transportation Improvements of the Nineties Bond Act shall be expended pursuant to annual appropriations for the following purposes: (a) for reconstruction, replacement, reconditioning and preservation of state highways and parkways, and bridges thereon, for the purpose of restoring such facilities to their intended functions; provided, however, that in Nassau and Suffolk counties such reconstruction, replacement, reconditioning and preservation of state highways and parkways, and bridges thereon, shall be targeted to high capacity roadways to improve traffic flow and reduce congestion: one billion, nine hundred twelve million dollars ($1,912,000,000); (b) for construction, reconstruction and improvement of the state's highways and parkways, and bridges thereon, for the purposes of addressing current and projected severe capacity problems as identified by the commissioner: eight hundred thirty-one million dollars ($831,000,000); and (c) for construction, reconstruction, replacement, preservation, enhancement, restoration and improvement of selected municipal bridges not on the state highway system: two hundred fifty-seven million dollars ($257,000,000).