New York Laws
Title 4 - Dormitory Authority
1680-P - Longitudinal Data System.

§ 1680-p. Longitudinal data system. 1. Notwithstanding the provisions
of any other law to the contrary, the authority is hereby authorized to
issue bonds or notes in one or more series for the purpose of funding
project costs for the implementation of a state longitudinal data
system. The aggregate principal amount of bonds authorized to be issued
pursuant to this section shall not exceed twenty million four hundred
thousand dollars, excluding bonds issued to fund one or more debt
service reserve funds, to pay costs of issuance of such bonds, and bonds
or notes issued to refund or otherwise repay such bonds or notes
previously issued. Such bonds and notes of the authority 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 authority for principal, interest, and related expenses
pursuant to a service contract and such bonds and notes shall contain on
the face thereof a statement to such effect. Except for purposes of
complying with the internal revenue code, any interest income earned on
bond proceeds shall only be used to pay debt service on such bonds.

2. Notwithstanding any other provision of law to the contrary, in
order to assist the authority in undertaking the financing of
construction of a state longitudinal data system but not limited to the
development and purchase of computer hardware, software, and related
equipment, such amount shall include expenses made by the State
University of New York, the City University of New York and the
department of education, the director of the budget is hereby authorized
to enter into one or more service contracts with the authority, none of
which shall exceed thirty years in duration, upon such terms and
conditions as the director of the budget and the authority agree, so as
to annually provide to the authority, in the aggregate, a sum not to
exceed the principal, interest, and related expenses required for such
bonds and notes. Any service contract entered into pursuant to this
section shall provide that the obligation of the state to pay the amount
therein provided 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 monies available and that no liability
shall be incurred by the state beyond the monies available for such
purpose, subject to annual appropriation by the legislature. Any such
contract or any payments made or to be made thereunder may be assigned
and pledged by the authority as security for its bonds and notes, as
authorized by this section.

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