Bill Text: NY A00704 | 2023-2024 | General Assembly | Introduced

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Bill Title: Requires the metropolitan transportation authority to create ten-year capital program plans.

Spectrum: Moderate Partisan Bill (Democrat 6-1)

Status: (Introduced - Dead) 2024-01-03 - referred to corporations, authorities and commissions [A00704 Detail]

Download: New_York-2023-A00704-Introduced.html

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                STATE OF NEW YORK
        ________________________________________________________________________

                                           704

                               2023-2024 Regular Sessions

                   IN ASSEMBLY

                                    January 11, 2023
                                       ___________

        Introduced by M. of A. CARROLL, JACOBSON, REYES, SIMON, SAYEGH, DeSTEFA-
          NO -- Multi-Sponsored by -- M. of A. COOK -- read once and referred to
          the Committee on Corporations, Authorities and Commissions

        AN ACT to amend the public authorities law, in relation to requiring the
          metropolitan  transportation  authority  to  create  ten-year  capital
          program plans

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

     1    Section  1.  Paragraphs  (a),  (b) and (c) of subdivision 1 of section
     2  1269-b of the public authorities law, paragraph (a) as amended and para-
     3  graphs (b) and (c) as added by chapter 637 of  the  laws  of  1996,  are
     4  amended and two new paragraphs (d) and (e) are added to read as follows:
     5    (a) On or before October first, nineteen hundred eighty-one, and on or
     6  before October first of every fifth year thereafter, through and includ-
     7  ing  October  first,  nineteen  hundred  ninety-one, the authority shall
     8  submit to the  metropolitan  transportation  authority  capital  program
     9  review board two capital program plans for the five year period commenc-
    10  ing January first of the following year;
    11    (b)  [not]  Not  later  than ten days after the effective date of this
    12  paragraph the authority shall submit to the metropolitan  transportation
    13  authority capital program review board two capital program plans for the
    14  five-year period commencing January first, nineteen hundred ninety-five;
    15  [and]
    16    (c)  [on] On or before October first, nineteen hundred ninety-nine and
    17  every fifth year thereafter through and  including  October  first,  two
    18  thousand  sixteen, the authority shall submit to the metropolitan trans-
    19  portation authority capital program review  board  two  capital  program
    20  plans for the five-year period commencing January first of the following
    21  year[.];
    22    (d) On or before October first, two thousand twenty-three, the author-
    23  ity  shall  submit  to  the  metropolitan transportation capital program

         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD00544-01-3
        A. 704                              2

     1  review board two capital program plans for the ten-year period  commenc-
     2  ing January first of the following year; and
     3    (e)  On or before January thirty-first, two thousand thirty-three, and
     4  every tenth year thereafter, the authority shall submit to the metropol-
     5  itan transportation capital program review  board  two  capital  program
     6  plans  for the ten-year period commencing January first of the following
     7  year.
     8    § 2. Paragraph (a) of subdivision 7 of section 1269-b  of  the  public
     9  authorities  law,  as  amended  by  chapter  929 of the laws of 1986, is
    10  amended to read as follows:
    11    (a) The authority may from time to time  submit  to  the  metropolitan
    12  transportation  authority  capital  program  review  board amendments or
    13  modifications to any [five-year] ten-year  plan  theretofore  submitted,
    14  and  shall submit such an amendment or modification (i) if the estimated
    15  cost of any capital element for which  a  specified  dollar  amount  was
    16  proposed  to  be  expended  exceeds the amount set forth in the approved
    17  plan for such element by more than ten percent, (ii) if with respect  to
    18  a  particularly  described capital element for which only an estimate of
    19  projected cost has been provided in the plan there is a material  change
    20  in  the  description of such element from that contained in the approved
    21  plan, (iii) if a capital element not previously included in the approved
    22  plan is proposed to be undertaken and its cost, together with  the  cost
    23  of  other  elements included in category (l) of the plan, exceeds by ten
    24  percent the amount provided for such category (l) elements, (iv) if  the
    25  authority  shall  propose  to change by more than one year the time when
    26  any capital element is proposed to be initiated or the  effect  of  such
    27  change  will  be  to  increase  the  estimated amount of capital funding
    28  required in any year covered by the plan by more than twenty percent, or
    29  (v) if the availability of funding sources  changes  to  the  degree  to
    30  which  the  authority  or the Triborough bridge and tunnel authority are
    31  precluded from exercising the authorization provided in subdivision  six
    32  of this section and the authority wishes to do so.
    33    § 3. This act shall take effect immediately.