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Assembly Bill A9483

2023-2024 Legislative Session

Relates to the submission of a twenty-year capital needs assessment

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Archive: Last Bill Status - In Assembly Committee

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2023-A9483 (ACTIVE) - Details

See Senate Version of this Bill:
S3020
Current Committee:
Assembly Corporations, Authorities And Commissions
Law Section:
Public Authorities Law
Laws Affected:
Amd §1269-c, Pub Auth L
Versions Introduced in Other Legislative Sessions:
2019-2020: S1870
2021-2022: S5849
2025-2026: A4357, S4367

2023-A9483 (ACTIVE) - Summary

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

2023-A9483 (ACTIVE) - Bill Text download pdf 

                             
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   9483
 
                           I N  A S S E M B L Y
 
                              March 14, 2024
                                ___________
 
 Introduced  by M. of A. HYNDMAN -- 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
 
   THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
 BLY, DO ENACT AS FOLLOWS:

   Section 1. Section 1269-c of the public authorities law is amended  by
 adding a new subdivision d to read as follows:
   D.  ON  OR  BEFORE OCTOBER FIRST, TWO THOUSAND TWENTY-SEVEN, 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 BEGIN WITH THE PERIOD COMMENCING JANUARY FIRST, TWO THOUSAND TWEN-
 TY-NINE, 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; AND (2) ESTABLISH A  NON-BINDING  BASIS
 TO  BE  USED  BY  THE AUTHORITY IN THE PLANNING OF STRATEGIC INVESTMENTS
 INVOLVING CAPITAL ELEMENTS IN ITS FIVE-YEAR CAPITAL PLANS.  SUCH ASSESS-
 MENT SHALL NOT REQUIRE A VOTE OF THE METROPOLITAN TRANSPORTATION AUTHOR-
 ITY CAPITAL PROGRAM REVIEW BOARD AND SHALL BE FOR INFORMATIONAL PURPOSES
 ONLY. FOR PURPOSES OF THIS SECTION,  "BROAD  LONG-TERM  CAPITAL  INVEST-
 MENTS"  SHALL INCLUDE BUT NOT BE LIMITED TO: SYSTEM REBUILDING, ENHANCE-
 MENT, AND EXPANSION NEEDS; AGENCY NEEDS BROKEN DOWN BY  CAPITAL  ELEMENT
 OR  INVESTMENT  CATEGORY; AND PROJECTED FUTURE TRENDS AND NETWORK IMPLI-
 CATIONS. SUCH ASSESSMENT SHALL BE  CERTIFIED  BY  THE  CHAIRMAN  OF  THE
 AUTHORITY  AND SHALL BE ENTERED INTO THE PERMANENT RECORD OF THE MINUTES
 OF THE REVIEW BOARD.
   § 2. This act shall take effect immediately.
 
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD04680-01-3

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