Bill Text: NY S03612 | 2019-2020 | General Assembly | Introduced

Bill Title: Requires the MTA to submit an annual report on all contract cost overruns that exceed one million dollars; such report shall include a list of all contracts where overruns exceed one million dollars, all contracting firms involved, the winning bid amounts, the actual costs incurred, a description of the project, completion delays, and an analysis of why the contract bid amount was exceeded.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Introduced) 2019-02-11 - REFERRED TO TRANSPORTATION [S03612 Detail]

Download: New_York-2019-S03612-Introduced.html

                STATE OF NEW YORK
                               2019-2020 Regular Sessions
                    IN SENATE
                                    February 11, 2019
        Introduced  by  Sen.  COMRIE -- read twice and ordered printed, and when
          printed to be committed to the Committee on Transportation
        AN ACT amend the public authorities law, in relation  to  requiring  the
          metropolitan  transportation  authority  to create an annual report on
          all contract cost overruns that exceed one million dollars
          The People of the State of New York, represented in Senate and  Assem-
        bly, do enact as follows:
     1    Section  1.  The  public  authorities  law  is amended by adding a new
     2  section 1269-h to read as follows:
     3    § 1269-h. Report on contract cost overruns.  1.  The  authority  shall
     4  create  an  annual report on all contract cost overruns which exceed one
     5  million dollars.
     6    2. Such report shall include, but shall not be limited to: a  list  of
     7  all contracts where overruns exceeded one million dollars; all contract-
     8  ing  firms  involved  in such contracts; the winning bid amounts of such
     9  contracts; the actual cost incurred from such contracts;  a  description
    10  of  the  project;  completion delays, if any; and a detailed analysis of
    11  why the contract bid amount was exceeded.
    12    3. Such report shall be in a form  prescribed  by  the  authority  and
    13  shall be accessible in electronic format.
    14    4. Each report shall be delivered to the governor, the temporary pres-
    15  ident  of  the  senate  and the speaker of the assembly on or before the
    16  fifteenth of February of  each  calendar  year  and  shall  contain  all
    17  required  information  and  all  relevant  contracts as required by this
    18  section from the preceding calendar year.  The  first  report  shall  be
    19  submitted  on the fifteenth of February after the effective date of this
    20  section.
    21    § 2. This act shall take effect immediately.
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.