Section 1285-P. State environmental infrastructure projects

In order to
  effectuate the purposes of this title, the corporation  shall  have  the
  following additional special powers:
    1.  Subject  to  chapter  fifty-nine  of the laws of two thousand, but
  notwithstanding any other provisions of law to the contrary, in order to
  assist  the  corporation  in  undertaking  the  administration  and  the
  financing   of   the  design,  acquisition,  construction,  improvement,
  installation, and related work for all or any  portion  of  any  of  the
  following environmental infrastructure projects and for the provision of
  funds  to  the  state  for  any amounts disbursed therefor: (a) projects
  authorized  under  the  environmental  protection  fund,  or  for  which
  appropriations  are made to the environmental protection fund including,
  but  not  limited  to  municipal  parks   and   historic   preservation,
  stewardship,  farmland  protection, non-point source, pollution control,
  Hudson River Park, land acquisition, and waterfront revitalization;  (b)
  department  of  environmental  conservation  capital  appropriations for
  Onondaga Lake for certain water quality improvement projects in the same
  manner as set forth in paragraph  (d)  of  subdivision  one  of  section
  56-0303  of  the  environmental conservation law; (c) for the purpose of
  the  administration,  management,  maintenance,  and  use  of  the  real
  property  at  the  western  New  York  nuclear  service  center; and (d)
  department of environmental conservation capital appropriations for  the
  administration,    design,   acquisition,   construction,   improvement,
  installation,  and  related  work   on   department   of   environmental
  conservation  environmental  infrastructure  projects; and (e) office of
  parks,  recreation   and   historic   preservation   appropriations   or
  reappropriations  from the state parks infrastructure fund, the director
  of the division of budget and the corporation  are  each  authorized  to
  enter  into  one  or  more service contracts, none of which shall exceed
  twenty years in duration, upon such terms and conditions as the director
  and the corporation  may  agree,  so  as  to  annually  provide  to  the
  corporation  in  the  aggregate,  a  sum  not  to exceed the annual debt
  service payments and related expenses required for any bonds  and  notes
  authorized  pursuant to section twelve hundred ninety of this title. Any
  service contract entered into pursuant to  this  section  shall  provide
  that  the  obligation of the state to fund or to pay the amounts therein
  provided for shall not constitute a debt of the state within the meaning
  of any  constitutional  or  statutory  provision  and  shall  be  deemed
  executory  only  to  the  extent  of moneys available for such purposes,
  subject to annual appropriation by the  legislature.  Any  such  service
  contract  or  any payments made or to be made thereunder may be assigned
  and pledged by the corporation as security for its bonds and  notes,  as
  authorized pursuant to section twelve hundred ninety of this title.
    2.   The   comptroller  is  hereby  authorized  to  receive  from  the
  corporation any portion of bond proceeds paid to provide  funds  for  or
  reimburse   the   state   for   its  costs  associated  with  any  state
  environmental infrastructure projects and to credit such amounts to  the
  capital projects fund or any other appropriate fund.
    3.  The  maximum amount of bonds that may be issued for the purpose of
  financing  environmental  infrastructure  projects  authorized  by  this
  section shall be eight hundred sixty-seven million five hundred thousand
  dollars,  exclusive  of  bonds  issued  to fund any debt service reserve
  funds, pay costs of issuance of such bonds, and bonds or notes issued to
  refund or otherwise repay bonds or notes previously issued.  Such  bonds
  and  notes  of the corporation shall not be a debt of the state, and the
  state shall not be liable thereon, nor shall they be payable out of  any
  funds  other than those appropriated by the state to the corporation for
  debt service and related expenses  pursuant  to  any  service  contracts

  executed pursuant to subdivision one of this section, and such bonds and
  notes shall contain on the face thereof a statement to such effect.