* § 470. Expenditure of moneys. 1. In accordance with the provisions
of the Transportation Infrastructure Bond Act of 2000 authorizing the
creation of general obligation debt in the amount of three billion eight
hundred million dollars ($3,800,000,000), the moneys received by the
state from the sale of bonds and/or notes shall be expended for uses
eligible pursuant to the Transportation Infrastructure Bond Act of 2000
pursuant to annual appropriations as follows:

(a) One billion nine hundred million dollars ($1,900,000,000) as
authorized by paragraph (a) of subdivision two of this section;

(b) Three hundred million dollars ($300,000,000) as authorized by
paragraph (b) of subdivision two of this section; and

(c) One billion six hundred million dollars ($1,600,000,000) as
authorized by subdivision two of section twelve hundred seventy-e of the
public authorities law.

2. Program distribution. The moneys received by the state from the
sale of bonds sold pursuant to the Transportation Infrastructure Bond
Act of 2000 for uses eligible pursuant to subdivisions a and b of
section four of the Transportation Infrastructure Bond Act of 2000 shall
be expended for the following transportation programs, pursuant to
annual appropriations:

(a) One billion nine hundred million dollars ($1,900,000,000) for the
construction, reconstruction, replacement, improvement, reconditioning,
rehabilitation and preservation, including engineering, construction
management, site preparation, clearances, the preparation of designs,
plans, specifications, estimates, environmental impact statements,
appraisals and surveys, and the acquisition of real property and
interests therein required or expected to be required in connection
therewith, of: state highways, bridges and parkways; highways and
bridges off the state highway system necessary or reasonably expected to
be necessary as a project component or incidental to projects otherwise
authorized by this paragraph in relation to the canal system and
appurtenances thereto; border crossing enhancements either on or off the
state highway system; the improvement and/or elimination of
highway-railroad grade crossings either on or off the state highway
system; pedestrian and/or bicycle trails, pathways and bridges that
serve transportation needs; the canal system and appurtenances thereto,
including moveable bridges that cross over the canal system, canal
infrastructure improvement and enhancement projects, and improvement and
enhancement of canal harbors, service ports, marine terminals and marine
transportation facilities on the canal system. Recognizing the
importance of addressing the most urgently needed projects in a timely
fashion, five hundred million dollars ($500,000,000) shall be allocated
for uses described in this paragraph as related to projects involving
the conversion of Route 17 to I-86, Route 219, and the canal system and
its appurtenances.

(b) Three hundred million dollars ($300,000,000) for the construction,
reconstruction, replacement, improvement, reconditioning, rehabilitation
and preservation, including engineering, construction management, site
preparation, clearances, the preparation of designs, plans,
specifications, estimates, environmental impact statements, appraisals
and surveys, and the acquisition of real property and interests therein
required or expected to be required in connection therewith, of:
highways and bridges either on or off the state highway system necessary
or reasonably expected to be necessary as a project component or
incidental to projects otherwise authorized by this paragraph involving
airports and aviation facilities, ports, omnibus, mass transit, rapid
transit and rail projects; airports and aviation facilities, equipment
and related projects as part of the program which shall be known as the
New York Statewide Opportunities for Airport Revitalization ("NY SOARs")
program, exclusive of those airports and facilities under the
jurisdiction of the port authority of New York and New Jersey or
operated by the state of New York; ports, marine terminals and marine
transportation facilities exclusive of those under the jurisdiction of
the port authority of New York and New Jersey or the canal corporation;
omnibus, mass transit and rapid transit systems, facilities, and
equipment, including acquisition, exclusive of those operated or
acquired by or under the jurisdiction of the metropolitan transportation
authority and its subsidiaries, the New York city transit authority and
its subsidiaries and the Triborough bridge and tunnel authority; urban,
commuter and intercity passenger rail, freight rail, and intermodal
passenger and freight facilities and equipment, including alterations
necessary to improve track clearances, and also including facilities
used jointly by commuter railroad companies and freight railroad
companies, but otherwise exclusive of those operated by or under the
jurisdiction of the metropolitan transportation authority and its
subsidiaries, the New York city transit authority and its subsidiaries
and the Triborough bridge and tunnel authority.

* NB Not effective due to defeat of the Transportation Bond Act of
2000