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For the acquisition of property, reconstruction, and improvement of dams, canal locks, embankments and related structures and facilities on the state barge canal system, including the payment of liabilities incurred prior to April one, nineteen hundred eighty-five, pursuant to the rebuild New York through transportation infrastructure renewal

bond act of 1983. The moneys hereby appropriated, when made available pursuant to a certificate of approval of availability issued by the director of the budget, shall be made available in accordance with the schedule shown below. The items shown in the project schedule below shall be for projects with a common purpose and may be interchanged without limitation subject to the approval of the director

of

the division of the budget (17208516) .......5,000,000

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5,000,000

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For the acquisition of property, reconstruction and improvement of dams, canal locks, embankments and related structures and facilities on the state barge canal system, including the payment of liabilities incurred prior to April one, nineteen hundred eighty-five.

The moneys hereby appropriated, when made available pursuant to a certificate of approval of availability issued by the director of the budget, shall be made available in accordance with the schedule shown below. The items shown in the project schedule below shall be for projects with a common purpose and may be interchanged without limitation subject to the approval of the director

of

the division of the budget (17218516) ....... 5,000,000

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5,000,000

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For the comprehensive construction programs, purposes and projects as herein specified in accordance with the following:

Capital Projects Fund

All Funds

No funds shall be made available from the appropriations provided herein until a plan established by the corporation is submitted and approved by the director of the budget, with copies thereof filed with the senate finance committee and the assembly ways and means committee. Such plan shall be submitted on or before May 15, 1985 and annually thereafter. This plan shall provide detailed information on the industrial innovation program, the high risk targeted investment program, the recycling industrial building program and all additional economic development programs of the corporation. Such plan shall include by individual programs a description of projects in progress and proposed projects including actual and projected expenditures, construction schedules, the financial commitments or planned commitments, fees associated with each project, personal service contracts associated with

31,500,000

31,500,000

CAPITAL PROJECTS

each project and the reimbursement of corporate expenses. Such plan shall specify the objectives and goals of each program. The plan shall also include the distressed area criteria and the criteria for the guarantee and escrow funds as such criteria is required pursuant to the high risk targeted investment program.

ECONOMIC DEVELOPMENT (CCP)

High Risk Targeted Investment Purpose

to

For high risk targeted investments,
provide assistance to specific projects in
accordance with the provisions of the New
York State Urban Development
Development Corporation
Act, provided, however, that for the pur-
poses of this program, the term project
shall be restricted to any land use im-
provement or industrial project as defined
in subdivision six of section three of the
New York state urban development corpora-
tion act.

Provided, further, that such plan or under-
taking shall be restricted to: (i) facil-
ities for which the eventual use shall be
designed and intended for manufacturing,
warehousing, research and other industrial
purposes; or (ii) facilities for which the
eventual use shall be designed and in-
tended for commercial, retail or office
purposes provided that such facilities are
located or are planned in neighborhoods
which have an existing residential project
which was assisted by the state, or a fed-
eral agency, municipality or public
corporation. In addition, the corporation
is hereby authorized, for purposes of this
appropriation only, to provide assistance
through the creation of one or more
minority bonding guarantee or
funds, to enable minority contractors and
subcontractors to meet project performance
bonding requirements. Such assistance
shall apply to a project undertaking of
the corporation or a subsidiary. The cor-
poration shall establish criteria for the
guarantee and escrow funds which shall in-
clude detailed provisions for eligibility.
The corporation shall make findings con-
sistent with a land use improvement pro-
ject or an industrial project, and shall
make additional findings consistent with

escrow

31,500,000

CAPITAL PROJECTS

the distressed area criteria established by the corporation and approved by the director of the budget.

Such distressed area criteria, for purposes of this program shall include levels of labor force activity, economic activity, population and any other provisions deemed appropriate by the corporation to establish eligibility for projects. The corporation shall make available the distressed area criteria and shall develop a list of areas and such list may be amended from time to time provided that any such list shall meet the requirements of such criteria. No appropriation provided herein, except for purposes of the minority bonding guarantee and escrow funds shall be made available to the corporation until such time as the distressed area criteria established by the corporation receives the approval of the director of the budget, who shall file such approval with the department of audit and control and copies thereof with the senate finance committee and the assembly ways and means committee. No appropriation shall be made available to the corporation until such time as the distressed area criteria and the criteria for the guarantee and escrow funds established by the corporation receives the approval of the director of the budget, who shall file such approval with the department of audit and control and copies thereof with the senate finance committee and the assembly ways and means committee.

Except for apportionments to other departments, agencies and authorities, the corporation shall provide for the repayment of an amount equal to the total amount expended and any interest earned thereon and the corporation shall deposit such repayment, interest and all other payments made pursuant to any contract or agreement entered into by the corporation in respect to a project described herein, provided that such repayment shall not continue after the useful life of a project. Except, however, that the corporation may make grants to projects using funds appropriated for this program and that the repayment provision may not apply to such grants. The total value of grants made by the corporation shall not exceed twenty

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