476 – Maintenance of Records.
* § 476. Maintenance of records. In connection with each contract, the commissioner and the municipality shall keep adequate records of the amount of the payment by the state, the amount of federal assistance, if any, received by the municipality for the project, and of all moneys expended by the municipality for such project. Such […]
477 – Consistency With Federal Tax Law.
* § 477. Consistency with federal tax law. All actions taken pursuant to this article shall be reviewed for consistency with provisions of the federal internal revenue code and regulations thereunder, in accordance with procedures established in connection with the issuance of any tax exempt bonds pursuant to this article, to preserve the tax exempt […]
478 – Compliance With Other Law.
* § 478. Compliance with other law. Every recipient of funds to be made available pursuant to this article shall comply with all applicable state, federal and local laws. * NB Not effective due to defeat of the Transportation Bond Act of 2000
470 – Expenditure of Moneys.
* § 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 […]
471 – Definitions.
* § 471. Definitions. As used in this article, the following terms shall have the following meanings: 1. “Transportation infrastructure project” shall mean a project undertaken with funds provided in whole or in part by the Transportation Infrastructure Bond Act of 2000, for those transportation programs set forth in paragraphs (a) and (b) of subdivision […]
472 – Powers and Duties of the Commissioner.
* § 472. Powers and duties of the commissioner. In addition to other powers provided for in law, the commissioner is hereby authorized: 1. To provide for the accomplishment of any authorized transportation infrastructure project, and to provide for the accomplishment of any authorized municipal transportation infrastructure project, within the limitations of appropriations available therefor, […]
473 – Powers and Duties of Municipalities.
* § 473. Powers and duties of municipalities. A municipality is hereby authorized: 1. To undertake and carry out any municipal transportation infrastructure project for which state assistance is received or is to be received pursuant to this article. 2. To expend money received from the state together with other moneys available to it for […]
474 – Approval of Projects.
* § 474. Approval of projects. When the funds for municipal transportation infrastructure projects are appropriated to the department, such projects shall be undertaken only pursuant to contract with the commissioner entered into following submission to and approval by the commissioner of a municipal transportation infrastructure project application therefor. * NB Not effective due to […]
475 – Contracts for Municipal Transportation Infrastructure Projects.
* § 475. Contracts for municipal transportation infrastructure projects. Any such contract between the commissioner and a municipality may include such provisions as may be agreed upon by the parties thereto, and shall include, in substance, the following: 1. an estimate of the reasonable cost of the project as determined by the commissioner; 2. an […]