S 9002: Makes appropriations for the support of government - State Debt Budget.

  
  STATE OF NEW YORK ________________________________________________________________________ S. 9002--A A. 10002--A  SENATE - ASSEMBLY January 20, 2026 ___________ IN SENATE -- A BUDGET BILL, submitted by the Governor pursuant to arti- cle seven of the Constitution -- read twice and ordered printed, and when printed to be committed to the Committee on Finance -- committee discharged, bill amended, ordered reprinted as amended and recommitted to said committee IN ASSEMBLY -- A BUDGET BILL, submitted by the Governor pursuant to article seven of the Constitution -- read once and referred to the Committee on Ways and Means -- committee discharged, bill amended, ordered reprinted as amended and recommitted to said committee AN ACT making appropriations for the legal requirements of the state debt service and lease purchase payments and other special contractual obligations The People of the State of New York, represented in Senate and Assem- bly, do enact as follows: 1 Section 1. The several sums specified in this section, or so much 2 thereof as may be sufficient to accomplish in full the purposes desig- 3 nated by the appropriations, are hereby appropriated to be paid as here- 4 in provided for the funds and purposes specified and are made available 5 for the fiscal year beginning April 1, 2026. 6 DEBT SERVICE FUND--GENERAL DEBT SERVICE FUND 7 Maintenance undistributed 8 For the legal requirements of principal, interest, and 9 related expenses on general obligation bonds, special 10 contractual and revenue bond obligations, as issued 11 pursuant to articles 5-C and 5-F of the state finance 12 law and payments for interest rate exchange and similar 13 agreements, in accordance with the following schedule .. 9,014,000,000 14 ============== EXPLANATION--Matter in italics (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD12652-02-6 
 S. 9002--A 2 A. 10002--A 1 SCHEDULE 2 GENERAL OBLIGATION PAYMENTS 3 The sum of $405,000,000, or so much thereof as may be 4 necessary, is hereby appropriated for payment by the 5 state comptroller for general obligation bonds issued in 6 connection with pure waters, environmental quality, 7 transportation capital facilities, rail preservation, 8 outdoor recreation development, energy conservation 9 through improved transportation, parks and recreation 10 land acquisition, rebuild New York through transporta- 11 tion infrastructure renewal, accelerated capacity and 12 transportation improvements of the nineties, clean 13 water/clean air, rebuild and renew New York transporta- 14 tion, smart schools purposes, and clean air, clean water 15 and green jobs purposes, in accordance with the follow- 16 ing schedule ............................................. 405,000,000 17 -------------- 18 SCHEDULE 19 Debt Service Funds 20 General Debt Service Fund 21 General Debt Service Fund - 40150 22 Debt service payments (85551) (60400) ........ 400,000,000 23 Related expenses (80467) (51000) ............... 5,000,000 24 -------------- 25 Total of schedule .......................... 405,000,000 26 ============== 27 SPECIAL CONTRACTUAL OBLIGATION PAYMENTS 28 The several sums, or so much thereof as may be sufficient 29 to accomplish in full the purposes designated by the 30 appropriations, are hereby appropriated and are, subject 31 to the issuance of certificates of approval of avail- 32 ability by the director of the budget, available for the 33 purpose of making payments for special contractual obli- 34 gations, in accordance with the following schedule ........ 56,000,000 35 -------------- 36 SCHEDULE 37 Debt Service Funds 38 General Debt Service Fund 39 Debt Service Lease Payments Fund - 40151 40 For payment to the City University 41 Construction Fund for City University 42 senior colleges and for community 43 colleges. Moneys hereby appropriated, or 44 portions thereof, are for payments net of 45 all interest and investment earnings on 46 senior and community college payments and 47 other excess earnings held by the City 48 University Construction Fund, in accord- 
 S. 9002--A 3 A. 10002--A 1 ance with the following sub-schedule 2 (80622) (60400) ............................. 21,000,000 3 sub-schedule 4 City University senior 5 colleges ...................... 20,000,000 6 City University community 7 colleges ....................... 1,000,000 8 -------------- 9 Total of sub-schedule ......... 21,000,000 10 -------------- 11 For payment to the Gateway Development 12 Commission for the payment of principal 13 and interest pursuant to an agreement or 14 agreements between the Gateway Development 15 Commission and the State .................... 10,000,000 16 -------------- 17 Total of debt service schedule ................ 31,000,000 18 -------------- 19 For payment of related expenses in accord- 20 ance with the following schedule ............ 25,000,000 21 -------------- 22 SCHEDULE 23 Debt Service Funds 24 General Debt Service Fund 25 Debt Service Lease Payments - 40151 26 Dormitory Authority (80634) (51000) ............ 5,000,000 27 Dormitory Authority Capital Expenses (80635) 28 (51000) ..................................... 15,000,000 29 Gateway Development Commission ................. 5,000,000 30 -------------- 31 Total of schedule ........................... 25,000,000 32 -------------- 33 Total of schedules ............................ 56,000,000 34 ============== 35 REVENUE BOND FINANCING AGREEMENT PAYMENTS 36 The several sums, or so much thereof as may be necessary, 37 are hereby appropriated for payment to the dormitory 38 authority, the environmental facilities corporation, the 39 housing finance agency, the thruway authority, and the 40 urban development corporation and are, subject to the 41 issuance of certificates of approval of availability by 42 the director of the budget, available for the purpose of 43 making financing agreement payments related to personal 44 income tax revenue note and bond obligations, as author- 45 ized pursuant to article 5-C of the state finance law 46 and in accordance with the following schedule .......... 7,050,000,000 
 S. 9002--A 4 A. 10002--A 1 -------------- 2 SCHEDULE 3 Debt Service Funds 4 General Debt Service Fund 5 Revenue Bond Tax Fund - 40152 6 Debt Service Payment (80364) (60400) ....... 4,000,000,000 7 Subordinate Note Payments (80364) (60400) .. 3,000,000,000 8 Related Expenses (80602) (51000) .............. 50,000,000 9 -------------- 10 Total of schedule ........................ 7,050,000,000 11 ============== 12 REVENUE BOND FINANCING AGREEMENT PAYMENTS 13 The several sums, or so much thereof as may be necessary, 14 are hereby appropriated for payment to the dormitory 15 authority, the thruway authority, and the urban develop- 16 ment corporation and are, subject to the issuance of 17 certificates of approval of availability by the director 18 of the budget, available for the purpose of making 19 financing agreement payments related to sales tax reven- 20 ue bond obligations, as authorized pursuant to article 21 5-F of the state finance law and in accordance with the 22 following schedule ..................................... 1,503,000,000 23 -------------- 24 SCHEDULE 25 Debt Service Funds 26 General Debt Service Fund 27 Sales Tax Revenue Bond Tax Fund - 40154 28 Debt Service Payments (80364) (60400) ...... 1,500,000,000 29 Related Expenses (80602) (51000) ............... 3,000,000 30 -------------- 31 Total of schedule ........................ 1,503,000,000 32 ============== 33 Total of schedule ........................................ 9,014,000,000 34 ============== 35 DEBT SERVICE FUND--HEALTH INCOME FUND 36 For debt service and related expenses in accordance with 37 the following schedule .................................... 11,000,000 38 -------------- 39 SCHEDULE 40 Debt Service Funds 41 Department of Health Income Fund 42 NYC Veterans' Home Income Fund - 40302 43 The sum of $1,000,000, or so much thereof as 44 may be necessary of operating revenues 
 S. 9002--A 5 A. 10002--A 1 received from the New York City Veterans' 2 Home, is hereby appropriated for payment 3 by the state comptroller of all obli- 4 gations under the terms of agreements 5 between the health department and the 6 dormitory authority (80426) (60400) .......... 1,000,000 7 -------------- 8 Debt Service Funds 9 Department of Health Income Fund 10 Health Income Fund - 40301 11 The sum of $4,000,000, or so much thereof as 12 may be necessary of operating revenues 13 received from department of health facili- 14 ties other than the New York City Veter- 15 ans' Home, is hereby appropriated for 16 payment by the state comptroller of all 17 obligations under the terms of agreements 18 between the health department and the 19 dormitory authority (80427) (60400) .......... 4,000,000 20 Related expenses (80425) (51000) ............... 3,000,000 21 Capital expenses (80424) (51000) ............... 3,000,000 22 -------------- 23 Total of schedule ........................... 11,000,000 24 ============== 25 TRUST AND AGENCY FUND--SCHOOL CAPITAL FACILITIES 26 FINANCING RESERVE FUND 27 The sum of $17,000,000, or so much thereof as may be 28 necessary, is hereby appropriated for payment by the 29 state comptroller to the dormitory authority for the 30 purpose of meeting the terms of any contractual agree- 31 ments between the dormitory authority and participating 32 special act school districts listed in chapter 566 of 33 the laws of 1967, as amended, state-supported schools 34 for blind and deaf students and children with other 35 handicapping conditions pursuant to article 85 of the 36 education law, and private not-for-profit schools 37 approved by the commissioner of education pursuant to 38 article 89 of the education law, in accordance with the 39 following schedule ........................................ 17,000,000 40 -------------- 41 SCHEDULE 42 Fiduciary Funds 43 School Capital Facilities Financing Reserve Fund 44 School Capital Facilities Financing Reserve Fund - 60050 45 Debt service payments (80418) (60400) ......... 15,000,000 46 Related expenses (80418) (51000) ............... 1,000,000 47 Capital expenses (80417) (51000) ............... 1,000,000 48 -------------- 
 S. 9002--A 6 A. 10002--A 1 Total of schedule ........................... 17,000,000 2 ============== 3 DEBT REDUCTION RESERVE FUND 4 Debt Service Funds 5 Debt Reduction Reserve Fund 6 Debt Reduction Reserve Fund - 40001 7 The sum of $500,000,000, or so much thereof as may be 8 necessary, is hereby appropriated from the debt 9 reduction reserve fund for the purposes of principal, 10 interest, and related expenses, for retiring or defeas- 11 ing bonds previously issued, including any accrued 12 interest or other expenses related thereto, for any 13 state-related bonding program or programs and for trans- 14 fer, upon request of the director of the budget, to 15 various capital projects funds as designated by the 16 director of the budget for the funding of capital 17 projects, equipment acquisitions, or similar expenses 18 which have been authorized by law to be financed through 19 the issuance of bonds, notes, or other obligations 20 (80415) (60400) .......................................... 500,000,000 21 ============== 22 CONTINGENT AND OTHER APPROPRIATIONS 23 § 2. The several sums specified in this section, or so much thereof as 24 may be sufficient to accomplish in full the purposes designated by the 25 appropriations, are hereby appropriated to be paid as herein provided 26 for the funds and purposes specified and are made available for the 27 fiscal year beginning April 1, 2026. 28 GENERAL FUND--STATE PURPOSES ACCOUNT 29 General Fund 30 State Purposes Account - 10050 31 The sum of $20,000,000, or so much thereof as may be 32 necessary, is hereby appropriated from the general fund 33 to the credit of the state purposes account solely for 34 the purpose of making payments of rebates to the federal 35 government to maintain the exemption from federal income 36 taxation of the interest paid to the holders of state 37 obligations issued pursuant to sections 55 and 57 of the 38 state finance law (80414) (51000) ......................... 20,000,000 39 ============== 40 General Fund 41 State Purposes Account - 10050 42 The sum of $225,000,000, or so much thereof as may be 43 necessary, is hereby appropriated from the general fund 44 to the credit of the state purposes account solely for 45 the purpose of redeeming general obligation bonds issued 46 by the state of New York, provided, however, that the 
 S. 9002--A 7 A. 10002--A 1 amount to be expended from this appropriation shall be 2 limited to the amount, as determined by the comptroller, 3 to be necessary to maintain the exemption from federal 4 taxation of the interest paid to the holders of state 5 obligations issued pursuant to sections 55 and 57 of the 6 state finance law (80413) (60400) ........................ 225,000,000 7 ============== 8 ALL FUNDS 9 For payment of principal and interest, including but not 10 limited to reserve fund credit facilities on variable 11 rate obligations and interest rate exchange and similar 12 agreements, for state-supported debt or for transfer to 13 any other appropriation, in accordance with the follow- 14 ing schedule ............................................. 851,000,000 15 -------------- 16 SCHEDULE 17 All Funds 18 Debt service payments (80626) (60400) ........ 800,000,000 19 Related expenses (80626) (51000) .............. 50,000,000 20 Interest rate exchange and similar agree- 21 ments (80359) (60400) ........................ 1,000,000 22 -------------- 23 Total of schedule .......................... 851,000,000 24 ==============