Bill Text: NY A11108 | 2017-2018 | General Assembly | Introduced

New York Assembly Bill 11108 (Prior Session Legislation)

Introduced

Bill Title: Requires the MTA to submit an annual report on all contract cost overruns that exceed one million dollars; 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) 2018-06-05 - referred to corporations, authorities and commissions [A11108 Detail]

Download: New_York-2017-A11108-Introduced.html



                STATE OF NEW YORK
        ________________________________________________________________________
                                          11108
                   IN ASSEMBLY
                                      June 5, 2018
                                       ___________
        Introduced  by  COMMITTEE  ON RULES -- (at request of 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.
                                                                   LBD16108-01-8