Bill Text: NY A09483 | 2023-2024 | General Assembly | Introduced
Bill Title: Requires the submission of a twenty-year capital needs assessment to the metropolitan transportation authority capital program review board.
Spectrum: Partisan Bill (Democrat 1-0)
Status: (Introduced) 2024-03-14 - referred to corporations, authorities and commissions [A09483 Detail]
Download: New_York-2023-A09483-Introduced.html
STATE OF NEW YORK ________________________________________________________________________ 9483 IN ASSEMBLY March 14, 2024 ___________ Introduced by M. of A. HYNDMAN -- read once and referred to the Commit- tee 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-c of the public authorities law is amended by 2 adding a new subdivision d to read as follows: 3 d. On or before October first, two thousand twenty-seven, 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-nine, 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- 18 ment, and expansion needs; agency needs broken down by capital element 19 or investment category; and projected future trends and network impli- 20 cations. Such assessment shall be certified by the chairman of the 21 authority and shall be entered into the permanent record of the minutes 22 of the review board. 23 § 2. This act shall take effect immediately. EXPLANATION--Matter in italics (underscored) is new; matter in brackets [] is old law to be omitted. LBD04680-01-3
