Assembly Bill A5963

                             
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   5963
 
                        2025-2026 Regular Sessions
 
                           I N  A S S E M B L Y
 
                             February 25, 2025
                                ___________
 
 Introduced  by  M.  of  A.  R. CARROLL,  JACOBSON, REYES, SIMON, SAYEGH,
   DeSTEFANO -- Multi-Sponsored by -- M. of A.  COOK  --  read  once  and
   referred to the Committee on Corporations, Authorities and Commissions
 
 AN ACT to amend the public authorities law, in relation to requiring the
   metropolitan  transportation  authority  to  create  ten-year  capital
   program plans
 
   THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section  1.  Paragraphs (b) and (c) of subdivision 1 of section 1269-b
 of the public authorities law, as added by chapter 637 of  the  laws  of
 1996,  are  amended and two new paragraphs (d) and (e) are added to read
 as follows:
   (b) [not] NOT later than ten days after the  effective  date  of  this
 paragraph  the authority shall submit to the metropolitan transportation
 authority capital program review board two capital program plans for the
 five-year period commencing January first, nineteen hundred ninety-five;
 [and]
   (c) [on] ON or before October first, nineteen hundred ninety-nine  and
 every  fifth  year  thereafter  THROUGH AND INCLUDING OCTOBER FIRST, TWO
 THOUSAND SIXTEEN, the authority shall submit to the metropolitan  trans-
 portation  authority  capital  program  review board two capital program
 plans for the five-year period commencing January first of the following
 year[.];
   (D) ON OR BEFORE OCTOBER FIRST, TWO THOUSAND TWENTY-FIVE, THE AUTHORI-
 TY SHALL SUBMIT  TO  THE  METROPOLITAN  TRANSPORTATION  CAPITAL  PROGRAM
 REVIEW  BOARD TWO CAPITAL PROGRAM PLANS FOR THE TEN-YEAR PERIOD COMMENC-
 ING JANUARY FIRST OF THE FOLLOWING YEAR; AND
   (E) ON OR BEFORE JANUARY THIRTY-FIRST, TWO THOUSAND  THIRTY-FIVE,  AND
 EVERY TENTH YEAR THEREAFTER, THE AUTHORITY SHALL SUBMIT TO THE METROPOL-
 ITAN  TRANSPORTATION  CAPITAL  PROGRAM  REVIEW BOARD TWO CAPITAL PROGRAM
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD05063-01-5
 A. 5963                             2
              

 
 PLANS FOR THE TEN-YEAR PERIOD COMMENCING JANUARY FIRST OF THE  FOLLOWING
 YEAR.
   §  2.  Paragraph  (a) of subdivision 7 of section 1269-b of the public
 authorities law, as amended by chapter 929  of  the  laws  of  1986,  is
 amended to read as follows:
   (a)  The  authority  may  from time to time submit to the metropolitan
 transportation authority capital  program  review  board  amendments  or
 modifications  to  any  [five-year] TEN-YEAR plan theretofore submitted,
 and shall submit such an amendment or modification (i) if the  estimated
 cost  of  any  capital  element  for which a specified dollar amount was
 proposed to be expended exceeds the amount set  forth  in  the  approved
 plan  for such element by more than ten percent, (ii) if with respect to
 a particularly described capital element for which only an  estimate  of
 projected  cost has been provided in the plan there is a material change
 in the description of such element from that contained in  the  approved
 plan, (iii) if a capital element not previously included in the approved
 plan  is  proposed to be undertaken and its cost, together with the cost
 of other elements included in category (l) of the plan, exceeds  by  ten
 percent  the amount provided for such category (l) elements, (iv) if the
 authority shall propose to change by more than one year  the  time  when
 any  capital  element  is proposed to be initiated or the effect of such
 change will be to increase  the  estimated  amount  of  capital  funding
 required in any year covered by the plan by more than twenty percent, or
 (v)  if  the  availability  of  funding sources changes to the degree to
 which the authority or the Triborough bridge and  tunnel  authority  are
 precluded  from exercising the authorization provided in subdivision six
 of this section and the authority wishes to do so.
   § 3. This act shall take effect immediately.