Bill Text: NY A06171 | 2015-2016 | General Assembly | Introduced


Bill Title: Requires a certain amount of revenue collected from the Verrazano-Narrows bridge tolls to match the Staten Island rapid transit operating authority annual revenue prior and separate to any share in the MTA surplus to be transferred to both the SIRTOA and the Staten Island Ferry for improvements in and expansion of service.

Spectrum: Partisan Bill (Republican 1-0)

Status: (Introduced - Dead) 2015-11-25 - enacting clause stricken [A06171 Detail]

Download: New_York-2015-A06171-Introduced.html
                           S T A T E   O F   N E W   Y O R K
       ________________________________________________________________________
                                         6171
                              2015-2016 Regular Sessions
                                 I N  A S S E M B L Y
                                    March 16, 2015
                                      ___________
       Introduced  by M. of A. BORELLI -- read once and referred to the Commit-
         tee on Corporations, Authorities and Commissions
       AN ACT to authorize the metropolitan transit authority to enter into  an
         agreement  to  transfer  certain  funds  of  the triborough bridge and
         tunnel authority to the Staten Island rapid transit operating authori-
         ty and the Staten Island ferry for the purpose of service expansion
         THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
       BLY, DO ENACT AS FOLLOWS:
    1    Section  1.  1.  Notwithstanding any laws, rules or regulations to the
    2  contrary, and subject to the rights of the holders  of  any  outstanding
    3  bonds,  notes  or other obligations of the authorities, the metropolitan
    4  transit authority is hereby authorized and directed  to  enter  into  an
    5  agreement between the triborough bridge and tunnel authority, the Staten
    6  Island  rapid transit operating authority and the commissioner of trans-
    7  portation of the city of New York on behalf of the Staten  Island  ferry
    8  service.  Such agreement shall consist of a transfer of revenues, subsi-
    9  dies and other monies and securities  from  the  triborough  bridge  and
   10  tunnel  authority  to  the  Staten  Island ferry service, as provided in
   11  section 19-305 of the administrative code of the city of  New  York  and
   12  the Staten Island rapid transit operating authority.  Each shall receive
   13  a  sum  equal  to  the  total amount of revenue collected from ridership
   14  fares by the Staten Island rapid transit  operations  authority  in  the
   15  immediately  preceding  year.  The Staten Island rapid transit operating
   16  authority and the department of transportation of the city of  New  York
   17  shall  keep such funds separate from all other such authority or depart-
   18  ment funds and use such funds to expand and increase the  efficiency  of
   19  the  existing railroad or ferry service in order to reduce motor vehicle
   20  congestion on the Verrazano-Narrows bridge.
   21    2. Such agreement shall be executed within six months of the effective
   22  date of this act.
        EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                             [ ] is old law to be omitted.
                                                                  LBD05841-01-5
       A. 6171                             2
    1    3. The agreement and transfer of revenue provided for in  section  one
    2  of  this  act  shall  not  affect the percentage, amount or share of any
    3  surplus revenue distributed by the metropolitan transit authority to the
    4  Staten Island rapid transit operating  authority,  pursuant  to  section
    5  1277-a of the public authorities law.
    6    S 2. This act shall take effect immediately.
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