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Assembly Bill A2246

2025-2026 Legislative Session

Relates to requiring approval by the comptroller for a toll increase by the New York state thruway authority

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2025-A2246 (ACTIVE) - Details

Current Committee:
Assembly Corporations, Authorities And Commissions
Law Section:
Public Authorities Law
Laws Affected:
Amd §354, Pub Auth L
Versions Introduced in 2023-2024 Legislative Session:
A3315

2025-A2246 (ACTIVE) - Summary

Relates to requiring approval by the comptroller for a toll increase by the New York state thruway authority.

2025-A2246 (ACTIVE) - Bill Text download pdf 

                             
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   2246
 
                        2025-2026 Regular Sessions
 
                           I N  A S S E M B L Y
 
                             January 15, 2025
                                ___________
 
 Introduced  by  M.  of  A. SANTABARBARA -- read once and referred to the
   Committee on Corporations, Authorities and Commissions
 
 AN ACT to amend the public authorities law,  in  relation  to  requiring
   approval  by the comptroller for a toll increase by the New York state
   thruway authority

   THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section 1. Subdivision 8 of section 354 of the public authorities law,
 as amended by section 2 of part TT of chapter 54 of the laws of 2016, is
 amended to read as follows:
   8.  (A)  Subject to agreements with noteholders or bondholders, to fix
 and collect such fees, rentals and charges for the use of the thruway or
 any part thereof necessary or convenient, with  an  adequate  margin  of
 safety, to produce sufficient revenue to meet the expense of maintenance
 and  operation  and to fulfill the terms of any agreements made with the
 holders of its notes or bonds, and to establish the  rights  and  privi-
 leges granted upon payment thereof.
   (B) NOTWITHSTANDING ANY OTHER LAW, RULE OR REGULATION TO THE CONTRARY,
 PRIOR  TO  ANY  INCREASE  IN THE FEES, RENTALS AND CHARGES AUTHORIZED IN
 PARAGRAPH (A) OF THIS  SUBDIVISION,  THE  AUTHORITY  SHALL  SUBMIT  SUCH
 PROPOSED  INCREASE TO THE COMPTROLLER FOR REVIEW AND APPROVAL. THE COMP-
 TROLLER SHALL REVIEW ANY SUCH PROPOSED INCREASE AND  WITHIN  SIXTY  DAYS
 MAKE  PUBLIC  A  REPORT  OF  SUCH COMPTROLLER'S FINDINGS AND APPROVAL OR
 DISAPPROVAL.  A COPY OF THE COMPTROLLER'S REPORT SHALL BE  SENT  TO  THE
 AUTHORITY,  THE GOVERNOR, THE CHAIR OF THE SENATE FINANCE COMMITTEE, THE
 CHAIR OF THE ASSEMBLY WAYS AND MEANS COMMITTEE AND THE RANKING  MINORITY
 MEMBER OF EACH OF SUCH COMMITTEES.
   § 2. This act shall take effect immediately.
 
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD05084-01-5

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