A07587 Summary:

BILL NOA07587
 
SAME ASNo Same As
 
SPONSORCook
 
COSPNSROtis
 
MLTSPNSRGottfried
 
Amd S1269-d, Pub Auth L; amd S17-a, Transp L
 
Changes the time for submission of the operating and capital budget of the metropolitan transportation authority from July to September and allows the MTA to submit the operating and capital budget as part of its strategic business plan.
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A07587 Actions:

BILL NOA07587
 
05/19/2015referred to corporations, authorities and commissions
01/06/2016referred to corporations, authorities and commissions
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A07587 Text:



 
                STATE OF NEW YORK
        ________________________________________________________________________
 
                                          7587
 
                               2015-2016 Regular Sessions
 
                   IN ASSEMBLY
 
                                      May 19, 2015
                                       ___________
 
        Introduced  by  M.  of  A.  COOK, OTIS -- Multi-Sponsored by -- M. of A.
          GOTTFRIED -- read once and referred to the Committee on  Corporations,
          Authorities and Commissions
 
        AN  ACT  to amend the public authorities law and the transportation law,
          in relation to metropolitan  transportation  authority  operating  and
          capital budget submission requirements
 
          The  People of the State of New York, represented in Senate and Assem-
        bly, do enact as follows:
 
     1    Section 1. The opening paragraph of subdivision 1 of section 1269-d of
     2  the public authorities law, as amended by chapter 929  of  the  laws  of
     3  1986, is amended to read as follows:
     4    On  or before July first, nineteen hundred eighty-seven, the authority
     5  shall submit to the governor a strategic operation  plan  for  the  five
     6  year  period  commencing January first of the following year. One compo-
     7  nent of the plan shall be for the bus and subway  services  of  the  New
     8  York  city  transit  authority  and  its subsidiaries and for the Staten
     9  Island rapid transit operating authority; the other component  shall  be
    10  for  the  commuter  railroad  services,  not including the Staten Island
    11  rapid transit operating authority, under the jurisdiction of the author-
    12  ity. The plan may be amended as required but shall be updated  at  least
    13  annually.  Beginning  with  the  plan  for the period commencing January
    14  first, two thousand seventeen, each annual update shall be submitted  to
    15  the  governor on or before the September first prior to the beginning of
    16  the plan period. Each annual update may  also  include  the  information
    17  required  under section seventeen-a of the transportation law and may be
    18  submitted in satisfaction of the requirements of such section. The  plan
    19  shall include, but need not be limited to, the following:
    20    § 2. Subdivision 1 of section 17-a of the transportation law, as added
    21  by chapter 57 of the laws of 1975, is amended to read as follows:
    22    1.   Each regional transportation authority shall submit to the gover-
    23  nor, the commissioner, the chairman and ranking minority member  of  the
 
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD06995-01-5

        A. 7587                             2
 
     1  senate  finance  committee, and the chairman and ranking minority member
     2  of the assembly ways and means committee annually, not  later  than  the
     3  first  day of October in a manner to be prescribed by the state director
     4  of  the  budget,  information  on  operations  and capital construction,
     5  setting forth the estimated  receipts  and  expenditures  for  its  next
     6  fiscal  year  and its current fiscal year.  The metropolitan transporta-
     7  tion authority and its affiliates may submit this information as part of
     8  its strategic operation plan as required under  section  twelve  hundred
     9  sixty-nine-d of the public authorities law.
    10    § 3. This act shall take effect immediately.
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