STATE OF NEW YORK ________________________________________________________________________ 4651--B 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, OTIS -- read once and referred to the Committee on Corporations, Authorities and Commissions -- committee discharged, bill amended, ordered reprinted as amended and recommitted to said committee -- reported and referred to the Committee on Ways and Means -- committee discharged, bill amended, ordered reprinted as amended and recommitted to said committee 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-c of the public authorities law is amended by 2 adding a new subdivision c to read as follows: 3 c. 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 describe capital investments over the succeeding twenty years. Such 10 assessment shall: (1) set forth broad long-term capital investments to 11 be made throughout the district; and (2) establish a non-binding basis 12 to be used by the authority in the planning of strategic investments 13 involving capital elements in its five-year capital plans. Such assess- 14 ment shall not require a vote of the metropolitan transportation author- 15 ity capital program review board and shall be for informational purposes 16 only. For purposes of this section, "broad long-term capital invest- 17 ments" shall include but not be limited to: system rebuilding, enhance- EXPLANATION--Matter in italics (underscored) is new; matter in brackets [] is old law to be omitted. LBD06014-05-9A. 4651--B 2 1 ment, and expansion needs; agency needs broken down by capital element 2 or investment category; and projected future trends and network impli- 3 cations. Such assessment shall be certified by the chairman of the 4 authority and shall be entered into the permanent record of the minutes 5 of the review board. 6 § 2. This act shall take effect immediately.