New York Assembly Bill 5637 (Prior Session Legislation)

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Spectrum: Partisan Bill (Democrat 3-0)
Status: Introduced on February 24 2011 - 25% progression, died in committee
Action: 2012-01-04 - referred to corporations, authorities and commissions
Pending: Assembly Corporations, Authorities and Commissions Committee
Text: Latest bill text (Introduced) [HTML]

Provides that the triborough bridge and tunnel authority shall transfer in its entirety its annual operating surplus to the metropolitan transportation authority; provides that the metropolitan transportation authority shall, pursuant to resolution, transfer a portion of such surplus to the New York city transit authority (solely for application to the payment of its operating expenses) and retain a portion for application to the payment of its operating expenses and the operating expenses of commuter railroads operated by it, its subsidiary corporations or by others pursuant to joint service arrangements; repeals provisions relating to formula for proportional allocation of the operating surplus of the TBTA between the NYCTA and MTA.

Provides that the triborough bridge and tunnel authority shall transfer in its entirety its annual operating surplus to the metropolitan transportation authority; provides that the metropolitan transportation authority shall, pursuant to resolution, transfer a portion of such surplus to the New York city transit authority (solely for application to the payment of its operating expenses) and retain a portion for application to the payment of its operating expenses and the operating expenses of commuter railroads operated by it, its subsidiary corporations or by others pursuant to joint service arrangements; repeals provisions relating to formula for proportional allocation of the operating surplus of the TBTA between the NYCTA and MTA.

Asm. Catherine Nolan [D]

Asm. Margaret Markey [D]

Asm. Richard Gottfried [D]

Date	Chamber	Action
2012-01-04	Assembly	referred to corporations, authorities and commissions
2011-02-24	Assembly	referred to corporations, authorities and commissions

S05279 (Same As) 2012-01-04 - REFERRED TO TRANSPORTATION

Type	Source
Summary	https://assembly.state.ny.us/leg/?default_fld=&bn=A05637&term=2011&Summary=Y&Actions=Y&Text=Y&Committee%26nbspVotes=Y&Floor%26nbspVotes=Y
Text	https://assembly.state.ny.us/leg/?default_fld=&bn=A05637&term=2011&Summary=Y&Actions=Y&Text=Y&Committee%26nbspVotes=Y&Floor%26nbspVotes=Y#A05637