2020 New York Laws
STF - State Finance
Article 5-B - Limitations on State-Supported Debt
67-A - Definitions.

§  67-a.  Definitions.  When  used in this article the following terms
shall have the meanings set forth below:
  1. "State-supported debt" shall mean any  bonds  or  notes,  including
bonds  or  notes  issued  to  fund  reserve funds and costs of issuance,
issued by the state or a state public corporation for which the state is
constitutionally obligated to  pay  debt  service  or  is  contractually
obligated  to pay debt service subject to an appropriation, except where
the state has a contingent contractual obligation.
  2. "Total personal income of the state" shall mean the  most  recently
published  estimate  of  the  immediately preceding calendar year annual
total personal income of the state of  New  York  as  published  by  the
United  States department of commerce or any successor agency from which
information  is  available  most  proximate   and   prior   to   October
thirty-first,  two thousand one and to October thirty-first of each year
thereafter. Subsequent  revisions  of  the  published  estimated  dollar
amount  for any calendar year estimate employed pursuant to the terms of
this subdivision shall not affect the validity of the determination made
for any fiscal year.
  3. "Total governmental funds receipts" shall mean the total amount  of
receipts  of all governmental funds of the state including general fund,
special revenue funds, capital funds and debt service funds  as  finally
reported  by the state comptroller on a cash basis of accounting for the
state fiscal year, but shall exclude cash transfers  between  funds  and
include  any  cash  management  or  other  related  transactions whereby
receipts in  a  state  fiscal  year  were  reduced  and  maintained  for
subsequent use.
  4. "Capital work or purpose" shall mean any project involving:
  (i)  the  acquisition,  construction,  demolition, or replacement of a
fixed asset or assets;
  (ii) the major repair or renovation of a fixed asset, or assets  which
materially  extends  its useful life or materially improves or increases
its capacity; or
  (iii)  the  planning  or  design  of  the  acquisition,  construction,
demolition,  replacement, major repair or renovation of a fixed asset or
assets, including the preparation and review of plans and specifications
including engineering and other services, field surveys and  sub-surface
investigations incidental thereto.