Assembly Bill A8857

2023-2024 Legislative Session

Relates to the submission of a twenty-year capital needs assessment to the metropolitan transportation authority capital program review board

download bill text pdf

Sponsored By

Current Bill Status - In Assembly 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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2023-A8857 (ACTIVE) - Details

See Senate Version of this Bill:
S8099
Current Committee:
Assembly Corporations, Authorities And Commissions
Law Section:
Public Authorities Law
Laws Affected:
Amd §1269-c, Pub Auth L

2023-A8857 (ACTIVE) - Summary

Relates to the submission of a twenty-year capital needs assessment to the metropolitan transportation authority capital program review board; provides that such assessment shall be adopted by not less than a majority of members of the authority in the office, except in the event of a tie.

2023-A8857 (ACTIVE) - Bill Text download pdf

                             
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   8857
 
                           I N  A S S E M B L Y
 
                             January 18, 2024
                                ___________
 
 Introduced  by M. of A. CARROLL -- read once and referred to the Commit-
   tee on Corporations, Authorities and Commissions
 
 AN ACT to amend the  public  authorities  law,  in   relation   to   the
   submission  of a twenty-year capital needs assessment to the metropol-
   itan transportation authority capital program review board
 
   THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section  1.  Subdivision c of section 1269-c of the public authorities
 law, as added by section 1 of subpart E of part ZZZ of chapter 59 of the
 laws of 2019, is amended to read as follows:
   c. On or before October first, two thousand twenty-three,  and  on  or
 before October first of every fifth year thereafter, the authority shall
 submit  to  the  metropolitan  transportation  authority capital program
 review board a twenty-year capital needs assessment.    SUCH  ASSESSMENT
 SHALL BE ADOPTED BY NOT LESS THAN A MAJORITY VOTE OF THE WHOLE NUMBER OF
 MEMBERS  OF  THE AUTHORITY THEN IN OFFICE, EXCEPT THAT IN THE EVENT OF A
 TIE VOTE THE CHAIRMAN SHALL CAST ONE ADDITIONAL  VOTE.  Such  assessment
 shall begin with the period commencing January first, two thousand twen-
 ty-five, and begin each assessment with every fifth year thereafter, and
 describe  capital  investments  over  the  succeeding twenty years. Such
 assessment shall: (1) set forth broad long-term capital  investments  to
 be  made  throughout  the  district, INCLUDING AT A MINIMUM, IDENTIFYING
 SPECIFIC NON-BINDING COST ESTIMATES BY ELEMENT FOR  THE  NEXT  FIVE-YEAR
 PERIOD  AND  TOTAL ESTIMATES BY ELEMENT OVER THE FULL TWENTY-YEAR PERIOD
 NECESSARY TO: (I) ACHIEVE A STATE OF  GOOD  REPAIR;  (II)  MAINTAIN  THE
 NORMAL  REPLACEMENT OF ASSETS; (III) IMPROVE THE SYSTEM; AND (IV) EXPAND
 SERVICE; and (2) establish a non-binding basis to be used by the author-
 ity in the planning of strategic investments involving capital  elements
 in its five-year capital plans. Such assessment shall not require a vote
 of  the  metropolitan  transportation  authority  capital program review
 board and shall be for informational purposes only. For purposes of this
 section, "broad long-term capital investments" shall include but not  be
 limited  to: system rebuilding, enhancement, and expansion needs; agency
 needs broken  down  by  capital  element  or  investment  category;  and
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
              

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