§ 59. The dormitory authority of the state of New York, the New York
state urban development corporation, and the New York state thruway
authority are hereby authorized to issue bonds in one or more series
under either article 5-C or article 5-F of the state finance law for the
purpose of refunding obligations of the power authority of the state of
New York to fund energy efficiency projects at state agencies including,
but not limited to, the state university of New York, city university of
New York, the New York state office of general services, New York state
office of mental health, state education department, and New York state
department of agriculture and markets. The aggregate principal amount of
bonds authorized to be issued pursuant to this section shall not exceed
four hundred seventy-five million dollars ($475,000,000), excluding
bonds issued to pay costs of issuance of such bonds and to refund or
otherwise repay such bonds. Such bonds issued by the dormitory authority
of the state of New York, the New York state urban development
corporation, and New York state thruway authority shall not be a debt of
the state, and the state shall not be liable thereon, nor shall they be
payable out of any funds other than those appropriated by the state
under article 5-C or article 5-F of the state finance law, as
applicable.