NY State Senate Bill 2015-S3351

Senate Bill S3351

2015-2016 Legislative Session

Provides for a 75-25 percent split in the New York city transit authority's operating surplus between the authority and the Metropolitan transportation authority

download bill text pdf

Archive: Last Bill Status - In Senate Committee Transportation 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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Actions

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	Assembly Actions - Lowercase Senate Actions - UPPERCASE
Jan 06, 2016	referred to transportation
Feb 05, 2015	referred to transportation

2015-S3351 (ACTIVE) - Details

See Assembly Version of this Bill:: A1899
Current Committee:: Senate Transportation
Law Section:: Public Authorities Law
Laws Affected:: Amd §1219-a, Pub Auth L
Versions Introduced in Other Legislative Sessions:: 2009-2010: A7319
2011-2012: S4814, A5781, A10001
2013-2014: S3614, A3127
2017-2018: S6223, A3769
2019-2020: S2624
2021-2022: S4910
2023-2024: S4120
2025-2026: S5578

2015-S3351 (ACTIVE) - Summary

Provides for a 75-25 percent split in the New York city transit authority's operating surplus between the authority and the Metropolitan transit authority where previously the split was 50-50.

2015-S3351 (ACTIVE) - Sponsor Memo

                                BILL NUMBER:S3351

TITLE OF BILL:

An act to amend the public authorities law, in relation to the formula
for New York city transit authority operating surplus revenue

PURPOSE:

Provides for a 75-25 percent split in the New York city transit
authority's operating surplus between the authority and the
Metropolitan transit authority

SUMMARY OF PROVISIONS:

Paragraph (b) of subdivision 2 of section 1219-a of the public
authorities law, as amended by section 19 of part 0 of chapter 61 of
the laws of 2000, is amended to read as follows:  For purposes of
determining the proportional allocation of the operating surplus as
between the authority and the metropolitan transit authority, the
following formula shall apply: (i) twenty four million dollars plus
fifty seventy-five percentum of the balance of such operating surplus
shall be allocable to metropolitan transit authority, and (ii) the
remainder shall be allocable to the metropolitan transportation
authority on behalf of the commuter railroads operated by it, by its
subsidiary corporations or by others under, joint arrangements.

JUSTIFICATION:

As it is currently set the amount of MTA dollars leaving the five
boroughs is unequal with respect to where the money is generated. A
change of layout would allow the money to be spent on infrastructure
and operating improvements where it is generated.

LEGISLATIVE HISTORY:

2014: S.3614 Referred to Transportation/ A.3127 Referred to
Corporations, Authorities, and commissions.
2012: S.4814 - Referred to Transportation /A.10001 - Referred to
Corporations.
2011: S.4814 - Referred to Transportation.

FISCAL IMPLICATIONS:

None.

EFFECTIVE DATE:

This act shall take effect on the sixtieth day after it shall have
become a law.

2015-S3351 (ACTIVE) - Bill Text download pdf

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

                                  3351

                       2015-2016 Regular Sessions

                            I N  S E N A T E

                            February 5, 2015
                               ___________

Introduced  by  Sen.  LANZA  -- 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  formula
  for New York city transit authority operating surplus revenue

  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 metropolitan
transportation  authority,  shall transfer 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  solely  for application to the payment of the
expenses of operation. For  purposes  of  determining  the  proportional
allocation  of  the  operating  surplus as between the authority and the
metropolitan  transportation  authority,  the  following  formula  shall
apply: (i) twenty-four million dollars plus [fifty] SEVENTY-FIVE percen-
tum  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 of the commuter railroads operated by
it,  by  its  subsidiary  corporations or by others under joint arrange-
ments.
  S 2. This act shall take effect on the sixtieth  day  after  it  shall
have become a law.

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD01239-01-5

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