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.
S T A T E O F N E W Y O R K
________________________________________________________________________
11108
I N A S S E M B L Y
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:
Section 1. The public authorities law is amended by adding a new
section 1269-h to read as follows:
§ 1269-H. REPORT ON CONTRACT COST OVERRUNS. 1. THE AUTHORITY SHALL
CREATE AN ANNUAL REPORT ON ALL CONTRACT COST OVERRUNS WHICH EXCEED ONE
MILLION DOLLARS.
2. SUCH REPORT SHALL INCLUDE, BUT SHALL NOT BE LIMITED TO: A LIST OF
ALL CONTRACTS WHERE OVERRUNS EXCEEDED ONE MILLION DOLLARS; ALL CONTRACT-
ING FIRMS INVOLVED IN SUCH CONTRACTS; THE WINNING BID AMOUNTS OF SUCH
CONTRACTS; THE ACTUAL COST INCURRED FROM SUCH CONTRACTS; A DESCRIPTION
OF THE PROJECT; COMPLETION DELAYS, IF ANY; AND A DETAILED ANALYSIS OF
WHY THE CONTRACT BID AMOUNT WAS EXCEEDED.
3. SUCH REPORT SHALL BE IN A FORM PRESCRIBED BY THE AUTHORITY AND
SHALL BE ACCESSIBLE IN ELECTRONIC FORMAT.
4. EACH REPORT SHALL BE DELIVERED TO THE GOVERNOR, THE TEMPORARY PRES-
IDENT OF THE SENATE AND THE SPEAKER OF THE ASSEMBLY ON OR BEFORE THE
FIFTEENTH OF FEBRUARY OF EACH CALENDAR YEAR AND SHALL CONTAIN ALL
REQUIRED INFORMATION AND ALL RELEVANT CONTRACTS AS REQUIRED BY THIS
SECTION FROM THE PRECEDING CALENDAR YEAR. THE FIRST REPORT SHALL BE
SUBMITTED ON THE FIFTEENTH OF FEBRUARY AFTER THE EFFECTIVE DATE OF THIS
SECTION.
§ 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
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