§ 89-B — Dedicated highway and bridge trust fund

New York § 89-B

• Jurisdiction: New York
• Law STF: State Finance
• Art. 6: Funds of the State

Text

§ 89-b. Dedicated highway and bridge trust 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"dedicated highway and bridge trust fund".\n 2. The dedicated highway and bridge trust fund shall consist of three\naccounts: (a) the special obligation reserve and payment account; (b)\nthe highway and bridge capital account; and (c) the aviation purpose\naccount. Moneys in each account shall be kept separate and not\ncommingled with any other moneys in the custody of the comptroller.\n 3. * (a) The special obligation reserve and payment account shall\nconsist (i) of all moneys required to be deposited in the dedicated\nhighway and bridge trust fund pursuant to the provisions of sections two\nhundred five, two hundred eighty-nine-e, three hundred one-j, five\nhundred fifteen and eleven hundred sixty-seven of the tax law, section\nfour hundred one and article twelve-d of the vehicle and traffic law,\nand section thirty-one of chapter fifty-six of the laws of nineteen\nhundred ninety-three, (ii) all fees, fines or penalties collected by the\ncommissioner of transportation and the commissioner of motor vehicles\npursuant to section fifty-two, section three hundred twenty-six, section\neighty-eight of the highway law, subdivision fifteen of section three\nhundred eighty-five of the vehicle and traffic law, section two of part\nU1 of chapter sixty-two of the laws of two thousand three, subdivision\n(d) of section three hundred four-a, paragraph one of subdivision (a)\nand subdivision (d) of section three hundred five, subdivision six-a of\nsection four hundred fifteen and subdivision (g) of section twenty-one\nhundred twenty-five of the vehicle and traffic law, section fifteen of\nthis chapter, excepting moneys deposited with the state on account of\nbetterments performed pursuant to subdivision twenty-seven or\nsubdivision thirty-five of section ten of the highway law, and section\none hundred forty-five of the transportation law, (iii) any moneys\ncollected by the department of transportation for services provided\npursuant to agreements entered into in accordance with section\nninety-nine-r of the general municipal law, and (iv) any other moneys\ncollected therefor or credited or transferred thereto from any other\nfund, account or source.\n * NB Effective until April 1, 2026\n * (a) The special obligation reserve and payment account shall consist\n(i) of all moneys required to be deposited in the dedicated highway and\nbridge trust fund pursuant to the provisions of sections two hundred\nfive, two hundred eighty-nine-e, three hundred one-j, five hundred\nfifteen and eleven hundred sixty-seven of the tax law, section four\nhundred one and article twelve-d of the vehicle and traffic law, and\nsection thirty-one of chapter fifty-six of the laws of nineteen hundred\nninety-three, (ii) all fees, fines or penalties collected by the\ncommissioner of transportation and the commissioner of motor vehicles\npursuant to section fifty-two, section three hundred twenty-six, section\neighty-eight of the highway law, subdivision fifteen of section three\nhundred eighty-five of the vehicle and traffic law, section two of part\nU1 of chapter sixty-two of the laws of two thousand three, subdivision\n(d) of section three hundred four-a, paragraph one of subdivision (a)\nand subdivision (d) of section three hundred five, subdivision six-a of\nsection four hundred fifteen and subdivision (g) of section twenty-one\nhundred twenty-five of the vehicle and traffic law, section fifteen of\nthis chapter, excepting moneys deposited with the state on account of\nbetterments performed pursuant to subdivision twenty-seven or\nsubdivision thirty-five of section ten of the highway law, and section\none hundred forty-five of the transportation law, (iii) any moneys\ncollected by the department of transportation for services provided\npursuant to agreements entered into in accordance with section\nninety-nine-r of the general municipal law, and (iv) any other moneys\ncollected therefor or credited or transferred thereto from any other\nfund, account or source.\n * NB Separately amended, cannot be put together\n * NB Effective April 1, 2026 until June 30, 2030\n * (a) The special obligation reserve and payment account shall consist\n(i) of all moneys required to be deposited in the dedicated highway and\nbridge trust fund pursuant to the provisions of sections two hundred\neighty-nine-e, three hundred one-j, five hundred fifteen and eleven\nhundred sixty-seven of the tax law, section four hundred one of the\nvehicle and traffic law, and section thirty-one of chapter fifty-six of\nthe laws of nineteen hundred ninety-three, (ii) all fees, fines or\npenalties collected by the commissioner of transportation and the\ncommissioner of motor vehicles pursuant to section fifty-two, section\nthree hundred twenty-six, section eighty-eight of the highway law,\nsubdivision fifteen of section three hundred eighty-five of the vehicle\nand traffic law, section fifteen of this chapter, excepting moneys\ndeposited with the state on account of betterments performed pursuant to\nsubdivision twenty-seven or subdivision thirty-five of section ten of\nthe highway law, and section one hundred forty-five of the\ntransportation law, (iii) any moneys collected by the department of\ntransportation for services provided pursuant to agreements entered into\nin accordance with section ninety-nine-r of the general municipal law,\nand (iv) any other moneys collected therefor or credited or transferred\nthereto from any other fund, account or source.\n * NB Separately amended, cannot be put together\n *NB Effective April 1, 2026 until June 30, 2030\n * (a) The special obligation reserve and payment account shall consist\n(i) of all moneys required to be deposited in the dedicated highway and\nbridge trust fund pursuant to the provisions of sections two hundred\neighty-nine-e, three hundred one-j, five hundred fifteen and eleven\nhundred sixty-seven of the tax law, section four hundred one and article\ntwelve-d of the vehicle and traffic law, and section thirty-one of\nchapter fifty-six of the laws of nineteen hundred ninety-three, (ii) all\nfees, fines or penalties collected by the commissioner of transportation\nand the commissioner of motor vehicles pursuant to section fifty-two,\nsection three hundred twenty-six, section eighty-eight of the highway\nlaw, subdivision fifteen of section three hundred eighty-five of the\nvehicle and traffic law, section fifteen of this chapter, excepting\nmoneys deposited with the state on account of betterments performed\npursuant to subdivision twenty-seven or subdivision thirty-five of\nsection ten of the highway law, and section one hundred forty-five of\nthe transportation law, (iii) any moneys collected by the department of\ntransportation for services provided pursuant to agreements entered into\nin accordance with section ninety-nine-r of the general municipal law,\nand (iv) any other moneys collected therefor or credited or transferred\nthereto from any other fund, account or source.\n * NB Effective June 30, 2030\n (b) Moneys in the special obligation reserve and payment account\nshall, following appropriation by the legislature, be used to pay\namounts due to the New York state thruway authority as dedicated highway\nand bridge trust fund cooperative agreement payments pursuant to the\nprovisions of dedicated highway and bridge trust fund cooperative\nagreements entered into between the authority and the department of\ntransportation pursuant to sections ten-e, ten-f, and ten-g of the\nhighway law, the provisions of section three hundred eighty-five of the\npublic authorities law, and pursuant to the provisions of this section.\n (c) The comptroller is hereby authorized and directed to transfer\nmonthly no later than the last day of each month, any moneys, if any, in\nexcess of the aggregate amounts required to be set aside in order to\nmeet the requirements established in paragraph (d) of this subdivision,\nto the highway and bridge capital account, provided however that in no\nevent shall such transfers occur unless and until the aggregate of all\ndedicated highway and bridge trust fund cooperative agreement payments\ncertified to the comptroller for such fiscal year shall have been\nappropriated in accordance with the provisions of this section.\nAdditionally, in no event shall the comptroller pay over and distribute\nany revenues of the fund to any person other than the New York state\nthruway authority if any payment required to be set aside pursuant to\nparagraph (b) of this subdivision has not been made to the authority on\nthe date by which it was required to have been made pursuant to such\nschedule; provided, however, that no person, including such authority or\nthe holders of its bonds or notes shall have any lien on such revenues\nand such agreement shall be executory only to the extent of such\nrevenues available to the state in such fund.\n (d) Upon receipt by the comptroller of a certificate or certificates\nfrom the chairperson of the New York state thruway authority submitted\npursuant to section three hundred eighty-five of the public authorities\nlaw, that such authority requires a payment or payments, from the\ndedicated highway and bridge trust fund, the comptroller shall pay from\nsuch fund pursuant to an appropriation on or before the fifteenth day of\nany month preceding the payment as the chairperson thereof may direct in\nany such certificate, the amount or amounts so certified. The\nchairperson of such authority shall furnish the commissioner of taxation\nand finance with copies of such certificates. In order to set aside the\nmoneys necessary to meet the amounts required on the payment date or\ndates herein, the comptroller shall comply with the provisions of this\nsubdivision.\n (e) Except for the purpose of meeting a dedicated highway and bridge\ntrust fund cooperative agreement payment required pursuant to section\nthree hundred eighty-five of the public authorities law that is due on a\nmonthly basis or more frequently, prior to transferring any moneys from\nthe account pursuant to paragraph (c) of this subdivision, the\ncomptroller shall set aside on a monthly basis all revenues deposited\npursuant to this subdivision as received until the amount set aside is\nequal to, twenty percent of the interest due on such obligations on the\nnext succeeding interest payment date multiplied by the number of months\nfrom the date of the last such payment and ten percent of the next\nprincipal installment due on such obligations multiplied by the number\nof months from the date of the last such principal installment where\nprincipal is due on an annual basis or twenty percent of the next\nprincipal installment due on such obligations multiplied by the number\nof months from the date of the last such principal installment where\nprincipal is due on a semiannual basis. For the purpose of meeting a\nrequired dedicated highway and bridge trust fund cooperative agreement\npayment that is due on a monthly basis or more frequently, the\ncomptroller shall set aside all revenues deposited pursuant to\nsubdivision two of this section as received until the amount so set\naside is, in the reasonable judgment of the comptroller, sufficient to\npay the required highway and bridge trust fund cooperative agreement\npayment on or before such payment date. In no event shall the\ncomptroller be held liable for the failure to set aside an amount\nsufficient to pay the required dedicated highway and bridge trust fund\ncooperative agreement payment to the authority.\n (f) In the event that the amount set aside by the comptroller pursuant\nto paragraph (e) of this subdivision is not sufficient to meet the\ndedicated highway and bridge trust fund cooperative agreement payments\nrequired pursuant to a certificate or certificates submitted by the\nchairperson pursuant to subdivision two of section three hundred\neighty-five of the public authorities law, the comptroller shall\nimmediately transfer first from the highway and bridge capital account,\nand then, if necessary, from the general fund to the special obligation\nreserve and payment account, an amount which, when combined with the\namount set aside pursuant to paragraph (e) of this subdivision, shall be\nsufficient to make the dedicated highway and bridge trust fund\ncooperative agreement payments required pursuant to such certificate or\ncertificates. Following such an event, the comptroller shall,\nimmediately set aside the amounts required pursuant to paragraph (e) of\nthis subdivision, set aside and pay the next moneys received by the\nspecial obligation reserve and payment account to reimburse the general\nfund for moneys which were transferred to the special obligation reserve\nand payment account pursuant to this paragraph. Such amounts shall be\nset aside until the full amount of moneys transferred from the general\nfund shall have been set aside and any such moneys set aside shall be\ntransferred to the general fund no later than the last day of each\nmonth.\n 4. The highway and bridge capital account shall consist of all moneys\ntransferred from the special obligation reserve and payment account and\nany other moneys credited or transferred thereto from any other fund,\naccount or source.\n 4-a. (a) The aviation purpose account shall consist of all moneys\nrequired to be deposited by section three hundred twelve of the tax law\nand any other moneys credited or transferred thereto from any other\nfund, account or source.\n (b) Moneys in the aviation purpose account shall be utilized for\nairports and aviation facilities and equipment and related projects,\nincluding but not limited to the acquisition of real or tangible\npersonal property, construction, reconstruction, reconditioning,\npreservation, maintenance or improvement of airport or aviation capital\nfacilities and noise mitigation projects, and any other purpose not\nprohibited by federal law.\n 5. * a. Moneys in the dedicated highway and bridge trust fund shall,\nfollowing appropriation by the legislature, be utilized for:\nreconstruction, replacement, reconditioning, restoration, rehabilitation\nand preservation of state, county, town, city and village roads,\nhighways, parkways, and bridges thereon, to restore such facilities to\ntheir intended functions; construction, reconstruction, enhancement and\nimprovement of state, county, town, city, and village roads, highways,\nparkways, and bridges thereon, to address current and projected capacity\nproblems including costs for traffic mitigation activities; aviation\nprojects authorized pursuant to section fourteen-j of the transportation\nlaw and for payments to the general debt service fund of amounts equal\nto amounts required for service contract payments related to aviation\nprojects as provided and authorized by section three hundred eighty-six\nof the public authorities law; programs to assist small and minority and\nwomen-owned firms engaged in transportation construction and\nreconstruction projects, including a revolving fund for working capital\nloans, and a bonding guarantee assistance program in accordance with\nprovisions of this chapter; matching federal grants or apportionments to\nthe state for highway, parkway and bridge capital projects; the\nacquisition of real property and interests therein required or expected\nto be required in connection with such projects; preventive maintenance\nactivities necessary to ensure that highways, parkways and bridges meet\nor exceed their optimum useful life; expenses of control of snow and ice\non state highways by the department of transportation including but not\nlimited to personal services, nonpersonal services and fringe benefits,\npayment of emergency aid for control of snow and ice in municipalities\npursuant to section fifty-five of the highway law, expenses of control\nof snow and ice on state highways by municipalities pursuant to section\ntwelve of the highway law, and for expenses of arterial maintenance\nagreements with cities pursuant to section three hundred forty-nine of\nthe highway law; personal services, nonpersonal services, and fringe\nbenefit costs of the department of transportation for bus safety\ninspection activities, rail safety inspection activities, and truck\nsafety inspection activities; costs of the department of motor vehicles,\nincluding but not limited to personal and nonpersonal services; costs of\nengineering and administrative services of the department of\ntransportation, including but not limited to fringe benefits; the\ncontract services provided by private firms in accordance with section\nfourteen of the transportation law; personal services and nonpersonal\nservices, for activities including but not limited to the preparation of\ndesigns, plans, specifications and estimates; construction management\nand supervision activities; costs of appraisals, surveys, testing and\nenvironmental impact statements for transportation projects; expenses in\nconnection with buildings, equipment, materials and facilities used or\nuseful in connection with the maintenance, operation, and repair of\nhighways, parkways and bridges thereon; and project costs for:\nconstruction, reconstruction, improvement, reconditioning and\npreservation of rail freight facilities and intercity rail passenger\nfacilities and equipment; construction, reconstruction, improvement,\nreconditioning and preservation of state, municipal and privately owned\nports; construction, reconstruction, improvement, reconditioning and\npreservation of municipal airports; privately owned airports and\naviation capital facilities, excluding airports operated by the state or\noperated by a bi-state municipal corporate instrumentality for which\nfederal funding is not available provided the project is consistent with\nan approved airport layout plan; and construction, reconstruction,\nenhancement, improvement, replacement, reconditioning, restoration,\nrehabilitation and preservation of state, county, town, city and village\nroads, highways, parkways and bridges; and construction, reconstruction,\nimprovement, reconditioning and preservation of fixed ferry facilities\nof municipal and privately owned ferry lines for transportation\npurposes, and the payment of debt service required on any bonds, notes\nor other obligations and related expenses for highway, parkway, bridge\nand project costs for: construction, reconstruction, improvement,\nreconditioning and preservation of rail freight facilities and intercity\nrail passenger facilities and equipment; construction, reconstruction,\nimprovement, reconditioning and preservation of state, municipal and\nprivately owned ports; construction, reconstruction, improvement,\nreconditioning and preservation of municipal airports; privately owned\nairports and aviation capital facilities, excluding airports operated by\nthe state or operated by a bi-state municipal corporate instrumentality\nfor which federal funding is not available provided the project is\nconsistent with an approved airport layout plan; construction,\nreconstruction, enhancement, improvement, replacement, reconditioning,\nrestoration, rehabilitation and preservation of state, county, town,\ncity and village roads, highways, parkways and bridges; and\nconstruction, reconstruction, improvement, reconditioning and\npreservation of fixed ferry facilities of municipal and privately owned\nferry lines for transportation purposes, purposes authorized on or after\nthe effective date of this section. Beginning with disbursements made on\nand after the first day of April, nineteen hundred ninety-three, moneys\nin such fund shall be available to pay such costs or expenses made\npursuant to appropriations or reappropriations made during the state\nfiscal year which began on the first of April, nineteen hundred\nninety-two. Beginning the first day of April, nineteen hundred\nninety-three, moneys in such fund shall also be used for transfers to\nthe general debt service fund and the revenue bond tax fund of amounts\nequal to that respectively required for service contract and financing\nagreement payments as provided and authorized by section three hundred\neighty of the public authorities law, section eleven of chapter three\nhundred twenty-nine of the laws of nineteen hundred ninety-one, as\namended, and sections sixty-eight-c and sixty-nine-o of this chapter.\n * NB Effective until April 1, 2026\n * a. Moneys in the dedicated highway and bridge trust fund shall,\nfollowing appropriation by the legislature, be utilized for:\nreconstruction, replacement, reconditioning, restoration, rehabilitation\nand preservation of state, county, town, city and village roads,\nhighways, parkways, and bridges thereon, to restore such facilities to\ntheir intended functions; construction, reconstruction, enhancement and\nimprovement of state, county, town, city, and village roads, highways,\nparkways, and bridges thereon, to address current and projected capacity\nproblems including costs for traffic mitigation activities; aviation\nprojects authorized pursuant to section fourteen-j of the transportation\nlaw and for payments to the general debt service fund of amounts equal\nto amounts required for service contract payments related to aviation\nprojects as provided and authorized by section three hundred eighty-six\nof the public authorities law; programs to assist small and minority and\nwomen-owned firms engaged in transportation construction and\nreconstruction projects, including a revolving fund for working capital\nloans, and a bonding guarantee assistance program in accordance with\nprovisions of this chapter; matching federal grants or apportionments to\nthe state for highway, parkway and bridge capital projects; the\nacquisition of real property and interests therein required or expected\nto be required in connection with such projects; preventive maintenance\nactivities necessary to ensure that highways, parkways and bridges meet\nor exceed their optimum useful life; expenses of control of snow and ice\non state highways by the department of transportation including but not\nlimited to personal services, nonpersonal services and fringe benefits,\npayment of emergency aid for control of snow and ice in municipalities\npursuant to section fifty-five of the highway law, expenses of control\nof snow and ice on state highways by municipalities pursuant to section\ntwelve of the highway law, and for expenses of arterial maintenance\nagreements with cities pursuant to section three hundred forty-nine of\nthe highway law; personal services, nonpersonal services, and fringe\nbenefit costs of the department of transportation for bus safety\ninspection activities, rail safety inspection activities, and truck\nsafety inspection activities; costs of the department of motor vehicles,\nincluding but not limited to personal and nonpersonal services; costs of\nengineering and administrative services of the department of\ntransportation, including but not limited to fringe benefits; the\ncontract services provided by private firms in accordance with section\nfourteen of the transportation law; personal services and nonpersonal\nservices, for activities including but not limited to the preparation of\ndesigns, plans, specifications and estimates; construction management\nand supervision activities; costs of appraisals, surveys, testing and\nenvironmental impact statements for transportation projects; expenses in\nconnection with buildings, equipment, materials and facilities used or\nuseful in connection with the maintenance, operation, and repair of\nhighways, parkways and bridges thereon; and project costs for:\nconstruction, reconstruction, improvement, reconditioning and\npreservation of rail freight facilities and intercity rail passenger\nfacilities and equipment; construction, reconstruction, improvement,\nreconditioning and preservation of state, municipal and privately owned\nports; construction, reconstruction, improvement, reconditioning and\npreservation of municipal airports; privately owned airports and\naviation capital facilities, excluding airports operated by the state or\noperated by a bi-state municipal corporate instrumentality for which\nfederal funding is not available provided the project is consistent with\nan approved airport layout plan; and construction, reconstruction,\nenhancement, improvement, replacement, reconditioning, restoration,\nrehabilitation and preservation of state, county, town, city and village\nroads, highways, parkways and bridges; and construction, reconstruction,\nimprovement, reconditioning and preservation of fixed ferry facilities\nof municipal and privately owned ferry lines for transportation\npurposes, and the payment of debt service required on any bonds, notes\nor other obligations and related expenses for highway, parkway, bridge\nand project costs for: construction, reconstruction, improvement,\nreconditioning and preservation of rail freight facilities and intercity\nrail passenger facilities and equipment; construction, reconstruction,\nimprovement, reconditioning and preservation of state, municipal and\nprivately owned ports; construction, reconstruction, improvement,\nreconditioning and preservation of municipal airports; privately owned\nairports and aviation capital facilities, excluding airports operated by\nthe state or operated by a bi-state municipal corporate instrumentality\nfor which federal funding is not available provided the project is\nconsistent with an approved airport layout plan; construction,\nreconstruction, enhancement, improvement, replacement, reconditioning,\nrestoration, rehabilitation and preservation of state, county, town,\ncity and village roads, highways, parkways and bridges; and\nconstruction, reconstruction, improvement, reconditioning and\npreservation of fixed ferry facilities of municipal and privately owned\nferry lines for transportation purposes, purposes authorized on or after\nthe effective date of this section. Beginning with disbursements made on\nand after the first day of April, nineteen hundred ninety-three, moneys\nin such fund shall be available to pay such costs or expenses made\npursuant to appropriations or reappropriations made during the state\nfiscal year which began on the first of April, nineteen hundred\nninety-two. Beginning the first day of April, nineteen hundred\nninety-three, moneys in such fund shall also be used for transfers to\nthe general debt service fund and the general fund of amounts equal to\nthat respectively required for service contract and financing agreement\npayments as provided and authorized by section three hundred eighty of\nthe public authorities law, section eleven of chapter three hundred\ntwenty-nine of the laws of nineteen hundred ninety-one, as amended, and\nsections sixty-eight-c and sixty-nine-o of this chapter.\n * NB Effective April 1, 2026\n b. Subject to appropriation therefor and subject to subdivision four\nof this section, beginning the first day of April, nineteen hundred\nninety-three, an amount of moneys in the dedicated highway and bridge\ntrust fund, together with any other moneys legally available therefor,\nwhich is equivalent to the amount that was historically appropriated\nfrom state sources, other than proceeds from the accelerated capacity\nand transportation improvements of the nineties bond act, for highway,\nparkway and bridge purposes as enumerated in paragraph a of this\nsubdivision shall be used to fund highway, parkway and bridge\nexpenditures that were historically appropriated from state sources,\nother than proceeds from the accelerated capacity and transportation\nimprovements of the nineties bond act, for the purposes enumerated in\nparagraph a of this subdivision.\n 6. All payments of moneys from the dedicated highway and bridge trust\nfund shall be made on audit and warrant of the comptroller. Not later\nthan twenty days after the end of each calendar quarter, the comptroller\nshall submit to the director of the budget and the chairpersons of the\nfiscal committees of the legislature a report showing the amount of\nreceipts identified as bond proceeds and the amounts, separately\nidentified, received from taxes, fees, transfers, or other sources, and\nthe amounts disbursed from the dedicated highway and bridge trust fund\nfor state operations, capital projects and transfers to other funds.\n 7. There shall be a comprehensive financial report and plan for the\ndedicated highway and bridge trust fund. The governor shall annually\nsubmit such plan to the legislature and the comptroller in accordance\nwith paragraph (e) of subdivision three of section twenty-two-c of this\nchapter.\n 8. The state comptroller shall at the commencement of each month\ncertify to the director of the budget, the chairpersons of the senate\nfinance and assembly ways and means committees, the commissioner of\ntransportation, and the chairman of the thruway authority the amount\ndisbursed from the dedicated highway and bridge trust fund in the\npreceding month, the amounts reimbursed by the thruway authority, the\nrevenues received in the fund, and the unreimbursed disbursements, in\naccordance with section ten-e of the highway law.\n 9. Not later than sixty days after the end of the state fiscal year,\nthe department of transportation shall provide to the state comptroller,\nthe chairpersons of the senate finance and assembly ways and means\ncommittees and the division of the budget, a detailed description of\neach capital project let during the completed prior year that is funded\nfully or partially from the dedicated highway and bridge trust fund.\nSuch description shall include a project identification number, a\ndescription of the project in less than thirty words, the work type, the\nestimated total cost of the project and the probable life of each such\nproject.\n 10. Not later than March first of each state fiscal year, the\ndepartment of transportation shall provide to the state comptroller, the\nchairpersons of the senate finance and assembly ways and means\ncommittees and the division of the budget, a detailed description of\neach capital project anticipated or available to be let in the next\nfiscal year that is planned to be funded fully or partially from the\ndedicated highway and bridge trust fund. Such description shall include\na project identification number, a description of the project in less\nthan thirty words, the work type, the estimated total cost of the\nproject and the probable life of each such project.\n 11. The department of transportation shall provide to the state\ncomptroller and the chairpersons of the senate finance and assembly ways\nand means committees, not later than fourteen days subsequent to\nreimbursement from bond proceeds to the dedicated highway and bridge\ntrust fund, a cooperative agreement schedule of all projects so\nreimbursed. Such schedule shall include, but not be limited to, an\nidentifying project number, the work type, project description, county,\ntotal cost, percentage of federal funding, letting date, scheduled\ncompletion date, life to date dedicated highway and bridge trust fund\ndisbursements, prior amount of thruway authority bond proceeds\nreimbursement, the amount of the current reimbursement, and the probable\nlife of each such project.\n