S. 2608--D 3 A. 3008--D1 "of this act", when used in connection with that particular component,2 shall be deemed to mean and refer to the corresponding section of the3 Part in which it is found. Section three of this act sets forth the4 general effective date of this act.5 PART A 6 Section 1. The sum of four hundred seventy-seven million seven hundred7 ninety-seven thousand dollars ($477,797,000), or so much thereof as8 shall be necessary, and in addition to amounts previously appropriated9 by law, is hereby made available, in accordance with subdivision 1 of10 section 380 of the public authorities law as amended, according to the11 following schedule. Payments pursuant to subdivision (a) of this section12 shall be made available as moneys become available for such payments.13 Payments pursuant to subdivisions (b) and (c) of this section shall be14 made available on the fifteenth day of June, September, December and15 March or as soon thereafter as moneys become available for such16 payments. No moneys of the state in the state treasury or any of its17 funds shall be available for payments pursuant to this section:18 SCHEDULE19 (a) Thirty-nine million seven hundred thousand dollars ($39,700,000)20 to municipalities for repayment of eligible costs of federal aid munici-21 pal street and highway projects pursuant to section 15 of chapter 329 of22 the laws of 1991, as added by section 9 of chapter 330 of the laws of23 1991, as amended. The department of transportation shall provide such24 information to the municipalities as may be necessary to maintain the25 federal tax exempt status of any bonds, notes, or other obligations26 issued by such municipalities to provide for the non-federal share of27 the cost of projects pursuant to chapter 330 of the laws of 1991 or28 section 80-b of the highway law.29 The program authorized pursuant to section 15 of chapter 329 of the30 laws of 1991, as added by section 9 of chapter 330 of the laws of 1991,31 as amended, shall additionally make payments for reimbursement according32 to the following schedule:33 State Fiscal Year Amount34 2013-14 $39,700,00035 2014-15 $39,700,00036 (b) Three hundred seventy-nine million three hundred thousand dollars37 ($379,300,000) to counties, cities, towns and villages for reimbursement38 of eligible costs of local highway and bridge projects pursuant to39 sections 16 and 16-a of chapter 329 of the laws of 1991, as added by40 section 9 of chapter 330 of the laws of 1991, as amended. For the41 purposes of computing allocations to municipalities, the amount distrib-42 uted pursuant to section 16 of chapter 329 of the laws of 1991 shall be43 deemed to be $125,540,000. The amount distributed pursuant to section44 16-a of chapter 329 of the laws of 1991 shall be deemed to be45 $253,760,000. Notwithstanding the provisions of any general or special46 law, the amounts deemed distributed in accordance with section 16 of47 chapter 329 of the laws of 1991 shall be adjusted so that such amounts48 will not be less than 86.579 percent of the "funding level" as defined49 in subdivision 5 of section 10-c of the highway law for each such muni-50 cipality. In order to achieve the objectives of section 16 of chapter51 329 of the laws of 1991, to the extent necessary, the amounts in excess52 of 86.579 percent of the funding level to be deemed distributed to each53 municipality under this subdivision shall be reduced in equal propor-54 tion.
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