Bill Text: NY A04651 | 2019-2020 | General Assembly | Introduced

NOTE: There are more recent revisions of this legislation. Read Latest Draft

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Bill Title: Requires the submission of a twenty-year capital needs assessment to the metropolitan transportation authority capital program review board.

Spectrum: Moderate Partisan Bill (Democrat 24-6)

Status: (Introduced - Dead) 2020-06-08 - enacting clause stricken [A04651 Detail]

Download: New_York-2019-A04651-Introduced.html

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                STATE OF NEW YORK
        ________________________________________________________________________
                                          4651
                               2019-2020 Regular Sessions
                   IN ASSEMBLY
                                    February 4, 2019
                                       ___________
        Introduced  by  M.  of  A.  PAULIN,  BUCHWALD,  CARROLL,  GALEF,  ROZIC,
          SEAWRIGHT, ABINANTI, DICKENS,  DINOWITZ,  D'URSO,  ENGLEBRIGHT,  GOTT-
          FRIED, JAFFEE, JOYNER, MAGNARELLI, M. G. MILLER, D. ROSENTHAL, SAYEGH,
          SIMON,  TAYLOR,  THIELE,  ZEBROWSKI,  LAWRENCE,  PALMESANO,  BRABENEC,
          B. MILLER, RA, RAIA -- read once and  referred  to  the  Committee  on
          Corporations, Authorities and Commissions
        AN  ACT  to  amend  the  public  authorities  law,  in  relation  to the
          submission of a twenty-year capital needs assessment
          The People of the State of New York, represented in Senate and  Assem-
        bly, do enact as follows:
     1    Section  1. Section 1269-b of the public authorities law is amended by
     2  adding a new subdivision 10 to read as follows:
     3    10. On or before October first, two thousand twenty-three, and  on  or
     4  before October first of every fifth year thereafter, the authority shall
     5  submit  to  the  metropolitan  transportation  authority capital program
     6  review board a twenty-year capital needs assessment.    Such  assessment
     7  shall begin with the period commencing January first, two thousand twen-
     8  ty-five, and begin each assessment with every fifth year thereafter, and
     9  propose  investments  over  the succeeding twenty years. Such assessment
    10  shall: (a) set forth broad long-term  capital  investments  to  be  made
    11  throughout  the  district;  and  (b) establish a non-binding basis to be
    12  used by the authority in the planning of strategic investments involving
    13  capital elements in its five-year capital plans.
    14    § 2. This act shall take effect immediately.
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD06014-01-9