senate Bill S412

2013-2014 Legislative Session

Extends provisions relating to owner controlled insurance programs

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Archive: Last Bill Status - In Committee


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

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Actions

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Assembly Actions - Lowercase
Senate Actions - UPPERCASE
Jan 08, 2014 referred to insurance
Jan 09, 2013 referred to insurance

S412 - Bill Details

See Assembly Version of this Bill:
A1608
Current Committee:
Law Section:
Insurance Law
Laws Affected:
Amd §2504, Ins L
Versions Introduced in Previous Legislative Sessions:
2011-2012: S1358, A3386
2009-2010: S4470, A7875

S412 - Bill Texts

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Extends provisions relating to owner controlled insurance programs; provides that for such purposes "public corporation" or "public authority" shall not include bridge, tunnel or omnibus facilities.

view sponsor memo
BILL NUMBER:S412

TITLE OF BILL:

An act
to amend the insurance law, in relation to extending owner controlled
insurance programs in certain instances

PURPOSE:

This bill would expand the ability of the Metropolitan Transportation
Authority (MTA), to use owner controlled insurance programs in
connection with bus facilities and bridge and tunnel capital projects.

SUMMARY OF PROVISIONS:

This bill would amend Insurance Law § 2504(a)(2)(B) to expand the
use of owner controlled insurance programs for the MTA to include
bus facilities and bridge and tunnel capital projects.

EXISTING LAW:

Currently, the MTA is permitted to use owner controlled insurance
programs only in connection with the construction of electrical
generating and transmission facilities or construction, extensions
and additions of light rail or heavy rail rapid transit and commuter
railroads.

LEGISLATIVE HISTORY:

This is a new bill.

JUSTIFICATION:

The MTA currently uses owner controlled insurance programs in
connection with its multi-billion dollar subway and commuter capital
programs.
Existing law restricts the use of owner controlled insurance programs
for other major projects, such as bridge and tunnel projects. MT A
believes that this amendment will allow it to bring the same cost
savings to these additional projects that it has already experienced
in connection with the subway and commuter railroad capital program.

LEGISLATIVE HISTORY:

2011/12 - S.1358/A.3386
2009-10 - S.4470/A.7875

FISCAL IMPLICATIONS:

This bill will have no direct state budget implications. However, the
programs already in use at MTA are estimated to have saved well in
excess of one hundred million dollars.

EFFECTIVE DATE:
This act shall take effect immediately.


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

                                   412

                       2013-2014 Regular Sessions

                            I N  S E N A T E

                               (PREFILED)

                             January 9, 2013
                               ___________

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

AN ACT to amend the  insurance  law,  in  relation  to  extending  owner
  controlled insurance programs in certain instances

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

  Section 1. Subparagraph (B)  of  paragraph  2  of  subsection  (a)  of
section 2504 of the insurance law is amended to read as follows:
  (B)  the city of New York, a public corporation or A public authority,
in connection with the construction of electrical generating and  trans-
mission  facilities  or  construction, extensions and additions of light
rail or heavy rail rapid transit  and  commuter  railroads,  OR  BRIDGE,
TUNNEL OR OMNIBUS FACILITIES.
  S 2. This act shall take effect immediately.






 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD00595-01-3

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