§ 450 — Expenditure of moneys

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