Requires the New York state thruway authority to submit biannual reports to the legislature of all fiscal transactions, receipts and expenditures, with each report covering activity from the prior six months.
STATE OF NEW YORK
________________________________________________________________________
7086
2025-2026 Regular Sessions
IN ASSEMBLY
March 20, 2025
___________
Introduced by M. of A. TORRES -- 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
New York state thruway authority to submit biannual reports of all
fiscal transactions, receipts and expenditures
The People of the State of New York, represented in Senate and Assem-bly, do enact as follows:
1 Section 1. Section 363 of the public authorities law, as amended by
2 chapter 766 of the laws of 1992, is amended to read as follows:
3 § 363. [Annual] Biannual report. (a) The authority shall submit to the
4 governor, to the legislature, to the comptroller and to the director of
5 the budget [on or before the first day of February of each year] biannu-
6 ally a detailed report setting forth its operations and fiscal trans-
7 actions during the [preceding calendar year] covered period with a
8 statement of its financial condition as of the end of such [year]
9 covered period and a statement of all receipts and expenditures during
10 such [year] covered period. Such report shall include detailed informa-
11 tion relating to additional expenditures incurred by the authority as a
12 result of the amendments made to subdivision four of section three
13 hundred fifty-nine of this [chapter] title pursuant to the chapter of
14 the laws of nineteen hundred ninety-two which enacted this sentence.
15 Additionally, such report shall include a list of any contract entered
16 into by such authority in the covered period.
17 (b) For the purposes of this section, "covered period" shall mean the
18 preceding six-month period.
19 § 2. This act shall take effect on the first of January next succeed-
20 ing the date on which it shall have become a law.
EXPLANATION--Matter in italics (underscored) is new; matter in brackets
[] is old law to be omitted.
LBD02484-01-5
