2006 New York Code - Liability of state for payment of obligations of port of New York authority for purchase of railroad passenger equipment.

 
    §  7.  Notwithstanding  any  provision of this or any other article of
  this constitution, the legislature may by law, which shall  take  effect
  without  submission  to  the  people, make or authorize making the state
  liable for the payment of the principal of and interest  on  obligations
  of  the  port  of  New  York  authority  issued  pursuant to legislation
  heretofore or hereafter enacted, to purchase or refinance  the  purchase
  of,  or  to  repay  advances  from  this  state  made for the purpose of
  purchasing, railroad passenger cars, including self-propelled cars,  and
  locomotives  and  other  rolling stock used in passenger transportation,
  for the purpose of  leasing  such  cars  to  any  railroad  transporting
  passengers between municipalities in the portion of the port of New York
  district  within the state, the majority of the trackage of which within
  the port of  New  York  district  utilized  for  the  transportation  of
  passengers  shall  be  in  the  state; provided, however, that the total
  amount of obligations with respect to which the state may be made liable
  shall not exceed one hundred million dollars at any time, and  that  all
  of  such obligations shall be due not later than thirty-five years after
  the effective date of this section.
    To the extent payment is not  otherwise  made  or  provided  for,  the
  provisions  of  section  sixteen  of  article  seven  shall apply to the
  liability of the state incurred pursuant to this section, but the powers
  conferred by this section shall not be subject  to  the  limitations  of
  this or any other article.