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97-RRR*2 - Debt Reduction Reserve Fund.

NY State Fin L § 97-RRR-2 (2019) (N/A)
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(a) for the payment of principal, interest, and related expenses on general obligation bonds, lease purchase payments, or special contractual obligation payments, or for the purposes of retiring or defeasing bonds previously issued, including any accrued interest thereon, for any state-supported bonding program or programs, and;

(b) for the funding of capital projects, equipment acquisitions, or similar expenses which have been authorized by law to be financed through the issuance of bonds, notes, or other obligations. 4. Any amounts disbursed from such fund shall be excluded from the calculation of annual spending growth in state operating funds until June 30, 2019. * NB There are 2 § 97-rrr's

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97-RRR*2 - Debt Reduction Reserve Fund.