Assembly Bill A4538

2013-2014 Legislative Session

Requires a certain amount of revenue collected from the Verrazano bridge tolls to match the SI railroad annual revenue prior and separate to any share in the MTA surplus

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Archive: Last Bill Status - In Assembly Committee

  • Introduced
    • In Committee Assembly
    • In Committee Senate
    • On Floor Calendar Assembly
    • On Floor Calendar Senate
    • Passed Assembly
    • Passed Senate
  • Delivered to Governor
  • Signed By Governor

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2013-A4538 (ACTIVE) - Details

Current Committee:
Assembly Corporations, Authorities And Commissions
Law Section:
Public Authorities
Versions Introduced in Other Legislative Sessions:
2009-2010: A7320
2011-2012: A5783
2015-2016: A6171, A10333
2017-2018: A5770

2013-A4538 (ACTIVE) - Summary

Requires a certain amount of revenue collected from the Verrazano 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.

2013-A4538 (ACTIVE) - Bill Text download pdf 

                            
                    S T A T E   O F   N E W   Y O R K
________________________________________________________________________

                                  4538

                       2013-2014 Regular Sessions

                          I N  A S S E M B L Y

                            February 6, 2013
                               ___________

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:

  Section  1.  1.  Notwithstanding any laws, rules or regulations to the
contrary, and subject to the rights of the holders  of  any  outstanding
bonds,  notes  or other obligations of the authorities, the metropolitan
transit authority is hereby authorized and directed  to  enter  into  an
agreement between the triborough bridge and tunnel authority, the Staten
Island  rapid transit operating authority and the commissioner of trans-
portation of the city of New York on behalf of the Staten  Island  ferry
service.  Such agreement shall consist of a transfer of revenues, subsi-
dies and other monies and securities  from  the  triborough  bridge  and
tunnel  authority  to  the  Staten  Island ferry service, as provided in
section 19-305 of the administrative code of the city of  New  York  and
the Staten Island rapid transit operating authority.  Each shall receive
a  sum  equal  to  the  total amount of revenue collected from ridership
fares by the Staten Island rapid transit  operations  authority  in  the
immediately  preceding  year.  The Staten Island rapid transit operating
authority and the department of transportation of the city of  New  York
shall  keep such funds separate from all other such authority or depart-
ment funds and use such funds to expand and increase the  efficiency  of
the  existing railroad or ferry service in order to reduce motor vehicle
congestion on the Verrazano-Narrows bridge.
  2. Such agreement shall be executed within six months of the effective
date of this act.

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD07104-01-3

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