To promote and assure the preservation, renewal and
improvement of the state's roads and bridges; subways,
trains and buses; waterways and airports; and other
vital transportation systems, facilities and equipment
for the benefit of the people of the state, shall section
one of part I of chapter 60 of the laws of two thousand
five, enacted and constituting the "REBUILD AND
RENEW NEW YORK TRANSPORTATION BOND ACT
OF 2005" authorizing the creation of a state debt in
the amount of two billion nine hundred million dollars
($2,900,000,000) for the construction, improvement,
reconditioning and preservation of transportation
systems and facilities, including the acquisition of
equipment be approved?
- A YES vote on this measure means:
- What will this proposal do if approved?
The purpose of the proposal is to authorize a state debt
and the sale of state bonds of up to two billion nine
hundred million dollars ($2,900,000,000) to provide
money for the purpose of improving, enhancing,
preserving, and restoring the quality of the state's
transportation infrastructure. Half would be used
to improve public transportation, the other half for
roads and bridges.
The money would be for the planning and design, construction,
reconstruction, replacement, improvement,
reconditioning, rehabilitation and preservation of
roads, bridges and public highways, border crossing
enhancements; highway-railroad grade crossings;
pedestrian and bicycle trails and pathways; rail and
high speed rail projects; airports and aviation facilities,
equipment and related projects; the canal system and
incidental property; ports, marine terminals and marine
transportation facilities; urban, commuter, and intercity
passenger rail, freight rail, and intermodal (multi-mode)
passenger and freight facilities and equipment; urban
and commuter passenger and freight rail, omnibus,
and mass transit and rapid transit systems, facilities
and equipment.
The state Legislature would be authorized to use
the bond proceeds for state programs or state grants
to cities, counties, towns, villages, public benefit or
other public corporations or authorities, for the
purpose of the act or to match available federal
funds for such purpose.
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