senate Bill S3377

2013-2014 Legislative Session

Provides TBTA shall transfer entire operating surplus to MTA which shall by resolution transfer a portion to NYCTA and retain a portion; repealer

download bill text pdf

Sponsored By

Archive: Last Bill Status - In Senate Committee


  • Introduced
  • In Committee
  • On Floor Calendar
    • Passed Senate
    • Passed Assembly
  • Delivered to Governor
  • Signed/Vetoed by Governor

do you support this legislation?

You must fill out the form below in order to support or oppose this bill. X

You must login or fill out the fields below for the senator to have an accurate account of the support or opposition to this bill.

Create an account. An account allows you to officially support or oppose key legislation, sign petitions with a single click, and follow issues, committees, and bills that matter to you. When you create an account, you agree to this platform's terms of participation.
Use this box to enter a message to your senator.

Actions

view actions (2)
Assembly Actions - Lowercase
Senate Actions - UPPERCASE
Jan 08, 2014 referred to transportation
Feb 01, 2013 referred to transportation

S3377 - Details

Law Section:
Public Authorities Law
Laws Affected:
Amd §§1219-a & 553-d, rpld §1219-a sub 3, Pub Auth L
Versions Introduced in Previous Legislative Sessions:
2011-2012: S5279
2009-2010: A1855

S3377 - Summary

Provides that the triborough bridge and tunnel authority shall transfer in its entirety its annual operating surplus to the metropolitan transportation authority; provides that the metropolitan transportation authority shall, pursuant to resolution, transfer a portion of such surplus to the New York city transit authority (solely for application to the payment of its operating expenses) and retain a portion for application to the payment of its operating expenses and the operating expenses of commuter railroads operated by it, its subsidiary corporations or by others pursuant to joint service arrangements; repeals provisions relating to formula for proportional allocation of the operating surplus of the TBTA between the NYCTA and MTA.

S3377 - Sponsor Memo

S3377 - Bill Text download pdf

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

                                  3377

                       2013-2014 Regular Sessions

                            I N  S E N A T E

                            February 1, 2013
                               ___________

Introduced  by  Sen. ADDABBO -- read twice and ordered printed, and when
  printed to be committed to the Committee on Transportation

AN ACT to amend the public authorities law, in  relation  to  the  allo-
  cation of the triborough bridge and tunnel authority operating surplus
  and to repeal certain provisions of such law relating thereto

  THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:

  Section 1. Paragraph (b) of subdivision 2 of  section  1219-a  of  the
public authorities law, as amended by section 19 of part O of chapter 61
of the laws of 2000, is amended to read as follows:
  (b)  Promptly  upon  the  making of the certification of its operating
surplus, if any, for its fiscal year ending December thirty-first, nine-
teen hundred seventy-two and for each of its  subsequent  fiscal  years,
triborough  bridge  and tunnel authority[, at the direction of metropol-
itan transportation authority,] shall  transfer  IN  ITS  ENTIRETY  such
operating surplus [(1)] to the metropolitan transportation authority for
deposit into one or more funds or accounts to be used as contemplated by
section  twelve  hundred  seventy-d  of  this  article,  or [(2)] to the
authority and the metropolitan transportation authority WHICH,  PURSUANT
TO  RESOLUTION,  SHALL  (1) TRANSFER A PORTION OF SUCH AMOUNT TO THE NEW
YORK CITY TRANSIT AUTHORITY solely for application  to  the  payment  of
[the]  ITS  expenses  of  operation  [.  For purposes of determining the
proportional allocation of the operating surplus as between the authori-
ty and the metropolitan transportation authority, the following  formula
shall apply: (i) twenty-four million dollars plus fifty percentum of the
balance  of  such operating surplus shall be allocable to the authority,
and (ii) the remainder shall be allocable to metropolitan transportation
authority on behalf], AND (2) RETAIN A PORTION OF SUCH AMOUNT FOR APPLI-
CATION TO THE PAYMENT of the commuter railroads operated by it,  by  its
subsidiary corporations or by others under joint arrangements.

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD08334-01-3

Comments

Open Legislation comments facilitate discussion of New York State legislation. All comments are subject to moderation. Comments deemed off-topic, commercial, campaign-related, self-promotional; or that contain profanity or hate speech; or that link to sites outside of the nysenate.gov domain are not permitted, and will not be published. Comment moderation is generally performed Monday through Friday.

By contributing or voting you agree to the Terms of Participation and verify you are over 13.