NY State Senate Bill 2019-S2624

Senate Bill S2624

2019-2020 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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	Assembly Actions - Lowercase Senate Actions - UPPERCASE
Jan 08, 2020	referred to transportation
Jan 28, 2019	referred to transportation

2019-S2624 (ACTIVE) - Details

Current Committee:: Senate Transportation
Law Section:: Public Authorities Law
Laws Affected:: Amd §1219-a, Pub Auth L
Versions Introduced in Other Legislative Sessions:: 2011-2012: S4814
2013-2014: S3614
2015-2016: S3351
2017-2018: S6223
2021-2022: S4910
2023-2024: S4120

2019-S2624 (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.

2019-S2624 (ACTIVE) - Sponsor Memo

                                
 
BILL NUMBER: S2624

SPONSOR: LANZA
 
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 authori-
ty's operating surplus between the authority and the Metropolitan trans-
it authority

 
SUMMARY OF PROVISIONS:

Paragraph (b) of subdivision 2 of section 1219-a of the public authori-
ties 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 authori-
ty 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 metropol-
itan transit authority, and (ii) the remainder shall be allocable to the
metropolitan transportation authority on behalf of the commuter rail-
roads 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:

2018: S.6223 - Referred to Transportation

2017: S.6223 - Referred to Transportation / A.3769 Referred to Corpo-
rations, Authorities & Commissions

2016: S.3351 - Referred to Transportation / A.1899 Referred to Corpo-
rations, Authorities & Commissions

2015: S.3351- Referred to Transportation / A.1899 - Referred to Corpo-
rations, Authorities & Commissions

2014: S.3614- Referred to Transportation / A.3127 - Referred to Corpo-
rations, Authorities& Commissions

2013: S.3614- Referred to Transportation / A.3127 - Referred to Corpo-
rations, Authorities & Commissions

2012: S.4814 - Referred to Transportation / A.10001 - Referred to Ways &
Means 2011: 5.4814 - Referred to Transportation

 
FISCAL IMPLICATIONS:

None.

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

2019-S2624 (ACTIVE) - Bill Text download pdf

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   2624
 
                        2019-2020 Regular Sessions
 
                             I N  S E N A T E
 
                             January 28, 2019
                                ___________
 
 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.
   § 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.
                                                            LBD00811-01-9

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