Bill Text: NY A00704 | 2023-2024 | General Assembly | Introduced
Bill Title: Requires the metropolitan transportation authority to create ten-year capital program plans.
Spectrum: Moderate Partisan Bill (Democrat 6-1)
Status: (Introduced) 2024-01-03 - referred to corporations, authorities and commissions [A00704 Detail]
Download: New_York-2023-A00704-Introduced.html
STATE OF NEW YORK ________________________________________________________________________ 704 2023-2024 Regular Sessions IN ASSEMBLY January 11, 2023 ___________ Introduced by M. of A. CARROLL, JACOBSON, REYES, SIMON, SAYEGH, DeSTEFA- NO -- Multi-Sponsored by -- M. of A. COOK -- read once and referred to the Committee on Corporations, Authorities and Commissions AN ACT to amend the public authorities law, in relation to requiring the metropolitan transportation authority to create ten-year capital program plans The People of the State of New York, represented in Senate and Assem- bly, do enact as follows: 1 Section 1. Paragraphs (a), (b) and (c) of subdivision 1 of section 2 1269-b of the public authorities law, paragraph (a) as amended and para- 3 graphs (b) and (c) as added by chapter 637 of the laws of 1996, are 4 amended and two new paragraphs (d) and (e) are added to read as follows: 5 (a) On or before October first, nineteen hundred eighty-one, and on or 6 before October first of every fifth year thereafter, through and includ- 7 ing October first, nineteen hundred ninety-one, the authority shall 8 submit to the metropolitan transportation authority capital program 9 review board two capital program plans for the five year period commenc- 10 ing January first of the following year; 11 (b) [not] Not later than ten days after the effective date of this 12 paragraph the authority shall submit to the metropolitan transportation 13 authority capital program review board two capital program plans for the 14 five-year period commencing January first, nineteen hundred ninety-five; 15 [and] 16 (c) [on] On or before October first, nineteen hundred ninety-nine and 17 every fifth year thereafter through and including October first, two 18 thousand sixteen, the authority shall submit to the metropolitan trans- 19 portation authority capital program review board two capital program 20 plans for the five-year period commencing January first of the following 21 year[.]; 22 (d) On or before October first, two thousand twenty-three, the author- 23 ity shall submit to the metropolitan transportation capital program EXPLANATION--Matter in italics (underscored) is new; matter in brackets [] is old law to be omitted. LBD00544-01-3A. 704 2 1 review board two capital program plans for the ten-year period commenc- 2 ing January first of the following year; and 3 (e) On or before January thirty-first, two thousand thirty-three, and 4 every tenth year thereafter, the authority shall submit to the metropol- 5 itan transportation capital program review board two capital program 6 plans for the ten-year period commencing January first of the following 7 year. 8 § 2. Paragraph (a) of subdivision 7 of section 1269-b of the public 9 authorities law, as amended by chapter 929 of the laws of 1986, is 10 amended to read as follows: 11 (a) The authority may from time to time submit to the metropolitan 12 transportation authority capital program review board amendments or 13 modifications to any [five-year] ten-year plan theretofore submitted, 14 and shall submit such an amendment or modification (i) if the estimated 15 cost of any capital element for which a specified dollar amount was 16 proposed to be expended exceeds the amount set forth in the approved 17 plan for such element by more than ten percent, (ii) if with respect to 18 a particularly described capital element for which only an estimate of 19 projected cost has been provided in the plan there is a material change 20 in the description of such element from that contained in the approved 21 plan, (iii) if a capital element not previously included in the approved 22 plan is proposed to be undertaken and its cost, together with the cost 23 of other elements included in category (l) of the plan, exceeds by ten 24 percent the amount provided for such category (l) elements, (iv) if the 25 authority shall propose to change by more than one year the time when 26 any capital element is proposed to be initiated or the effect of such 27 change will be to increase the estimated amount of capital funding 28 required in any year covered by the plan by more than twenty percent, or 29 (v) if the availability of funding sources changes to the degree to 30 which the authority or the Triborough bridge and tunnel authority are 31 precluded from exercising the authorization provided in subdivision six 32 of this section and the authority wishes to do so. 33 § 3. This act shall take effect immediately.
