Bill Text: NY A05730 | 2021-2022 | General Assembly | Introduced

NOTE: There are more recent revisions of this legislation. Read Latest Draft

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Bill Title: Requires the MTA to submit an annual report on all minor and major contract cost overruns; establishes 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 - Dead) 2022-01-05 - referred to corporations, authorities and commissions [A05730 Detail]

Download: New_York-2021-A05730-Introduced.html

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                STATE OF NEW YORK
        ________________________________________________________________________

                                          5730

                               2021-2022 Regular Sessions

                   IN ASSEMBLY

                                    February 24, 2021
                                       ___________

        Introduced  by M. of A. GLICK -- read once and referred to the Committee
          on Corporations, Authorities and Commissions

        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.
                                                                   LBD07623-01-1