S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                  5730--A
 
                        2021-2022 Regular Sessions
 
                           I N  A S S E M B L Y
 
                             February 24, 2021
                                ___________
 
 Introduced  by M. of A. GLICK -- read once and referred to the Committee
   on Corporations, Authorities and Commissions -- committee  discharged,
   bill  amended,  ordered  reprinted  as amended and recommitted to said
   committee
 
 AN ACT to amend the public authorities law, in relation to requiring the
   metropolitan transportation authority to create an  annual  report  on
   all minor and major contract cost overruns
 
   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 MINOR AND MAJOR CONTRACT COST OVERRUNS.
   2. FOR THE PURPOSES OF THIS SECTION, "MINOR COST CHANGE" IS DEFINED AS
 A CHANGE EQUAL TO OR GREATER THAN TEN PERCENT BUT LESS THAN  TWENTY-FIVE
 PERCENT OF THE ORIGINAL PROJECT COST; "MEDIAN COST CHANGE" IS DEFINED AS
 A  CHANGE  EQUAL  TO  OR  GREATER THAN TWENTY-FIVE PERCENT BUT LESS THAN
 FIFTY PERCENT OF THE ORIGINAL PROJECT COST; AND "MAJOR COST  CHANGE"  IS
 DEFINED  AS  A  CHANGE  EQUAL  TO  OR  GREATER THAN FIFTY PERCENT OF THE
 ORIGINAL PROJECT COST.
   3. SUCH REPORT SHALL INCLUDE, BUT SHALL NOT BE LIMITED TO: A  LIST  OF
 ALL  CONTRACTS  WITH  MINOR COST CHANGES, MEDIAN COST CHANGES, AND MAJOR
 COST CHANGES; ALL CONTRACTING FIRMS  INVOLVED  IN  SUCH  CONTRACTS;  THE
 WINNING  BID  AMOUNTS  OF  SUCH CONTRACTS; THE ORIGINAL AND ACTUAL COSTS
 INCURRED FROM  SUCH  CONTRACTS,  AND  THE  DIFFERENCE  BETWEEN  THE  TWO
 NUMBERS;  A DESCRIPTION OF THE PROJECT; COMPLETION DELAYS, IF ANY; AND A
 DETAILED ANALYSIS OF WHY THE CONTRACT BID AMOUNT WAS EXCEEDED.
   4. SUCH REPORT SHALL BE IN A FORM  PRESCRIBED  BY  THE  AUTHORITY  AND
 SHALL BE ACCESSIBLE IN ELECTRONIC FORMAT.
   5. 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
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
              

                                                            LBD07623-03-1

 A. 5730--A                          2
 
 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.