New York Proposal 1 (2000)

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New York Proposal 1, also known as the Transportation Infrastructure Bond Act of 2000, was on the November 7, 2000 election ballot in New York. It was defeated, with 47% of voters in favor.

Text of measure

The language that appeared on the ballot:

The purpose of this proposal is to authorize the creation of state debt and the sale of state bonds in the amount of up to three billion eight hundred million dollars ($3,800,000,000) in order to provide money for the single purpose of improving, enhancing, preserving and restoring the quality of the state's transportation infrastructure.

The bond proceeds would be used for the planning and design, construction, reconstruction, replacement, improvement, reconditioning, rehabilitation and preservation, and the acquisition of land or interests in land required or expected to be required in connection therewith, of:

1. state highways, bridges, and parkways;

2. highways and bridges on or off the state highway system needed or reasonably expected to be needed as a part of or incidental to projects involving airports and aviation facilities, the canal system and its holdings, ports, and transit and rail facilities;

3. border crossing enhancements on or off the state highway system;

4. the improvement and/or elimination of highway-railroad grade crossings on or off the state highway system;

5. movable bridges crossing over the canal system;

6. airports and aviation facilities, equipment and related projects, except those under the control of the port authority of New York and New Jersey or operated by the State of New York;

7. the canal system and its holdings;

8. ports, except those under the control of the port authority of New York and New Jersey;

9. marine terminals and transportation facilities except those under the control of the port authority of New York and New Jersey;

10. pedestrian and/or bicycle trails, pathways and bridges serving transportation needs;

11. urban, commuter, and intercity passenger rail, omnibus, and mass and rapid transit systems, facilities and equipment;

12. freight rail; and

13. intermodal (multi-mode) passenger and freight facilities and equipment.

The State Legislature would be authorized to use the bond proceeds for state programs or state grants to any city, county, town, village, public benefit or other public corporation or authority, or two or more of the foregoing acting jointly, for the single purpose of the act and/or to match available federal funds for such purpose.

The proceeds of the bond act would be expended as follows: a. one billion nine hundred million dollars ($1,900,000,000) for the planning and design, construction, reconstruction, replacement, improvement, reconditioning, rehabilitation and preservation, including the acquisition of land or interests in land required or expected to be required in connection therewith, of:

1) state highways, bridges, and parkways;

2) highways and bridges off the state highway system needed or reasonably expected to be needed as a part of or incidental to projects involving the canal system and its holdings;

3) border crossing enhancements either on or off the state highway system;

4) the improvement and/or elimination of highway-railroad grade crossings either on or off the state highway system;

5) the canal system and its holdings;

6) movable bridges crossing over the canal system; and

7) pedestrian and/or bicycle trails, pathways and bridges serving transportation needs.

b. three hundred million dollars ($300,000,000) for the planning and design, construction, reconstruction, replacement, improvement, reconditioning, rehabilitation and preservation, including the acquisition of land or interests in land required or expected to be required in connection therewith, of:

1) highways and bridges either on or off the state highway system needed or reasonably expected to be needed as a part of or incidental to projects involving airports and aviation facilities, ports, and transit and rail facilities;

2) airports and aviation facilities, equipment and related projects, except those under the control of the port authority of New York and New Jersey or operated by the State of New York;

3) ports, except those under the control of the port authority of New York and New Jersey or the canal corporation;

4) marine terminals and transportation facilities except those under the control of the port authority of New York and New Jersey or the canal corporation;

5) omnibus, mass transit and rapid transit systems, facilities and equipment, including acquisition, except those operated or acquired by or under the control of the metropolitan transportation authority and its subsidiaries, the New York City transit authority and its subsidiaries, and the Triborough bridge and tunnel authority; and

6) urban, commuter and intercity passenger rail, freight rail, and intermodal (multi-mode) passenger and freight facilities and equipment, including facilities used jointly by commuter railroad companies and freight railroad companies, except those operated by or under the control of the metropolitan transportation authority and its subsidiaries, the New York City transit authority and its subsidiaries, and the Triborough bridge and tunnel authority.

c. one billion six hundred million dollars ($1,600,000,000) for the planning and design, construction, reconstruction, replacement, improvement, reconditioning, rehabilitation and preservation, including the acquisition of land or interests in land required or expected to be required in connection therewith, of urban and commuter passenger and freight rail, omnibus, mass transit and rapid transit systems, facilities and equipment, including acquisition, operated or acquired by or under the control of the metropolitan transportation authority and its subsidiaries, the New York City transit authority and its subsidiaries, and the Triborough bridge and tunnel authority.

The proposal would also allow the State to refund the debt by issuing additional state bonds in sums up to or exceeding the amount of the transportation infrastructure bonds initially issued to refund, to advance refund, or otherwise to repay part or all of such transportation infrastructure bonds prior to the scheduled dates of their maturity.

See also

External links