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.
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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