Bill Text: NY S00485 | 2023-2024 | General Assembly | Amended

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Bill Title: Requires the New York state thruway authority to submit biannual reports to the legislature of all fiscal transactions, receipts and expenditures, with each report covering activity from the prior six months.

Spectrum: Partisan Bill (Democrat 3-0)

Status: (Engrossed) 2024-04-09 - referred to ways and means [S00485 Detail]

Download: New_York-2023-S00485-Amended.html

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                STATE OF NEW YORK
        ________________________________________________________________________

                                         485--B
            Cal. No. 590

                               2023-2024 Regular Sessions

                    IN SENATE

                                     January 4, 2023
                                       ___________

        Introduced by Sens. COMRIE, MYRIE, WEBB -- read twice and ordered print-
          ed,  and  when printed to be committed to the Committee on Transporta-
          tion -- reported favorably from said committee, ordered to  first  and
          second report, ordered to a third reading, passed by Senate and deliv-
          ered  to  the Assembly, recalled, vote reconsidered, restored to third
          reading, amended and ordered reprinted, retaining  its  place  in  the
          order  of third reading -- recommitted to the Committee on Transporta-
          tion in accordance with Senate Rule 6, sec. 8  --  reported  favorably
          from  said committee, ordered to first and second report, ordered to a
          third reading,  passed  by  Senate  and  delivered  to  the  Assembly,
          recalled,  vote  reconsidered,  restored to third reading, amended and
          ordered reprinted, retaining its place in the order of third reading

        AN ACT to amend the public authorities law, in relation to requiring the
          New York state thruway authority to submit  biannual  reports  of  all
          fiscal transactions, receipts and expenditures

          The  People of the State of New York, represented in Senate and Assem-
        bly, do enact as follows:

     1    Section 1. Section 363 of the public authorities law,  as  amended  by
     2  chapter 766 of the laws of 1992, is amended to read as follows:
     3    § 363. [Annual] Biannual report. (a) The authority shall submit to the
     4  governor,  to the legislature, to the comptroller and to the director of
     5  the budget [on or before the first day of February of each year] biannu-
     6  ally a detailed report setting forth its operations  and  fiscal  trans-
     7  actions  during  the  [preceding  calendar  year]  covered period with a
     8  statement of its financial condition  as  of  the  end  of  such  [year]
     9  covered  period  and a statement of all receipts and expenditures during
    10  such [year] covered period.  Such report shall include detailed informa-
    11  tion relating to additional expenditures incurred by the authority as  a
    12  result  of  the  amendments  made  to  subdivision four of section three
    13  hundred fifty-nine of this [chapter] title pursuant to  the  chapter  of
    14  the  laws  of  nineteen  hundred ninety-two which enacted this sentence.

         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD00625-07-4
        S. 485--B                           2

     1  Additionally, such report shall include a list of any  contract  entered
     2  into by such authority in the covered period.
     3    (b)  For the purposes of this section, "covered period" shall mean the
     4  preceding six-month period.
     5    § 2.  This act shall take effect on the first of January next succeed-
     6  ing the date on which it shall have become a law.