A08813 Summary:

BILL NO    A08813 

SAME AS    SAME AS S06031

SPONSOR    Cusick (MS)

COSPNSR    Titone, Malliotakis, Tobacco

MLTSPNSR   

Amd S2, add S2-a, Chap 774 of 1950; amd S11, Chap 47 of 1931

Requires the tolls for the bridges of the port authority of New York and New
Jersey to be adjusted to only cover the expenses of operating and financing
such bridges; directs that revenue from such tolls be deposited into a separate
port authority bridge fund.
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A08813 Actions:

BILL NO    A08813 

01/04/2012 referred to corporations, authorities and commissions
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A08813 Votes:

There are no votes for this bill in this legislative session.
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A08813 Text:

                           S T A T E   O F   N E W   Y O R K
       ________________________________________________________________________

                                         8813

                                 I N  A S S E M B L Y

                                      (PREFILED)

                                    January 4, 2012
                                      ___________

       Introduced by M. of A. CUSICK, TITONE, MALLIOTAKIS, TOBACCO -- read once
         and referred to the Committee on Corporations, Authorities and Commis-
         sions

       AN ACT to amend chapter 774 of the laws of 1950, providing for an agree-
         ment  with  the  state  of  New Jersey with respect to rules and regu-
         lations governing traffic on vehicular crossings operated by the  port
         of  New  York authority, and chapter 47 of the laws of 1931, declaring
         the policy of the states of New York  and  New  Jersey  in  regard  to
         certain  vehicular  bridges  and  tunnels  within the port of New York
         district, in relation to limiting the tolls imposed  for  the  use  of
         bridges

         THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
       BLY, DO ENACT AS FOLLOWS:

    1    Section 1. Section 2 of chapter 774 of the laws of 1950, providing for
    2  an agreement with the state of New Jersey  with  respect  to  rules  and
    3  regulations  governing  traffic  on  vehicular crossings operated by the
    4  port of New York authority, is amended and a new section 2-a is added to
    5  read as follows:
    6    S 2. (A) No traffic shall be permitted in or upon vehicular  crossings
    7  except upon the payment of such tolls and other charges as may from time
    8  to time be prescribed by the port authority. It is hereby declared to be
    9  unlawful  for  any person to refuse to pay, or to evade or to attempt to
   10  evade the payment of such tolls or other charges.
   11    (B) THE TOLLS AND OTHER CHARGES PRESCRIBED FOR THE  USE  OF  VEHICULAR
   12  CROSSINGS  THAT  ARE  BRIDGES DURING EACH CALENDAR YEAR SHALL NOT EXCEED
   13  THE COSTS OF MAINTAINING AND OPERATING SUCH BRIDGES, AND THE PAYMENT OF,
   14  WITH INTEREST UPON, AND AMORTIZATION OF BONDS AND  OTHER  SECURITIES  OR
   15  OBLIGATIONS ISSUED FOR THE PURPOSES OF SUCH BRIDGES, AND INCURRED BY THE
   16  PORT  AUTHORITY  DURING  SUCH  CALENDAR  YEAR.  ALL SUCH TOLLS AND OTHER
   17  CHARGES FOR THE USE OF PORT AUTHORITY BRIDGES  SHALL  BE  DEPOSITED  AND
   18  CREDITED TO THE PORT AUTHORITY BRIDGE FUND. FURTHERMORE, IN ANY INSTANCE
   19  IN  WHICH  THE AMOUNT OF FUNDS IN THE PORT AUTHORITY BRIDGE FUND EXCEEDS
   20  ONE HUNDRED FIVE PERCENT OF THE ANNUAL COSTS OF MAINTAINING AND  OPERAT-

        EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                             [ ] is old law to be omitted.
                                                                  LBD13621-01-1
       A. 8813                             2

    1  ING  PORT AUTHORITY BRIDGES, AND THE PAYMENT OF, WITH INTEREST UPON, AND
    2  AMORTIZATION OF BONDS AND OTHER SECURITIES OR OBLIGATIONS ISSUED FOR THE
    3  PURPOSES OF SUCH BRIDGES, THE TOLLS AND OTHER CHARGES  IMPOSED  FOR  THE
    4  USE OF PORT AUTHORITY BRIDGES SHALL BE REDUCED DURING  SUBSEQUENT CALEN-
    5  DAR YEARS SO AS TO REDUCE THE FUNDS IN THE PORT AUTHORITY FUND BELOW ONE
    6  HUNDRED FIVE PERCENT OF THE ANNUAL PORT AUTHORITY BRIDGE COSTS.
    7    S  2-A. (A) THE PORT AUTHORITY SHALL ESTABLISH A SEPARATE SPECIAL FUND
    8  TO BE KNOWN AS THE "PORT AUTHORITY BRIDGE FUND".
    9    (B) SUCH FUND SHALL CONSIST OF ALL REVENUE, TOLLS  AND  OTHER  CHARGES
   10  RECEIVED  BY  THE PORT AUTHORITY FOR THE USE OF VEHICULAR CROSSINGS THAT
   11  ARE BRIDGES, AND ALL OTHER MONEYS APPROPRIATED, CREDITED OR  TRANSFERRED
   12  THERETO FROM ANY OTHER FUND OR SOURCE PURSUANT TO LAW.
   13    (C)  MONEYS  IN  THE PORT AUTHORITY BRIDGE FUND SHALL BE KEPT SEPARATE
   14  AND SHALL NOT BE COMMINGLED WITH ANY OTHER MONEYS IN THE CUSTODY OF  THE
   15  PORT AUTHORITY.
   16    (D)  THE  MONEYS  IN SUCH FUND SHALL BE EXPENDED ONLY FOR THE COSTS OF
   17  MAINTAINING AND OPERATING THE PORT AUTHORITY BRIDGES,  AND  THE  PAYMENT
   18  OF,  WITH  INTEREST UPON, AND AMORTIZATION OF BONDS AND OTHER SECURITIES
   19  OR OBLIGATIONS ISSUED FOR THE PURPOSES OF SUCH BRIDGES.
   20    (E) NOTWITHSTANDING THE PROVISIONS OF ANY GENERAL OR SPECIAL STATUTES,
   21  THE COMPTROLLER OF THE STATE OF NEW YORK  AND  THE  COMPTROLLER  OF  THE
   22  STATE  OF  NEW  JERSEY  AND THEIR LEGALLY AUTHORIZED REPRESENTATIVES ARE
   23  HEREBY AUTHORIZED AND EMPOWERED FROM TIME TO TIME TO  EXAMINE  THE  PORT
   24  AUTHORITY BRIDGE FUND IN ACCORDANCE WITH CHAPTER SIX HUNDRED FORTY-EIGHT
   25  OF THE LAWS OF NINETEEN HUNDRED TWENTY-NINE OF THE STATE OF NEW YORK AND
   26  CHAPTER NINETY OF THE LAWS OF NINETEEN HUNDRED FIFTY OF THE STATE OF NEW
   27  JERSEY.
   28    S  2. The opening paragraph of section 11 of chapter 47 of the laws of
   29  1931, declaring the policy of the states of New York and New  Jersey  in
   30  regard  to  certain vehicular bridges and tunnels within the port of New
   31  York district, as amended by chapter 807 of the laws of 1955, is amended
   32  to read as follows:
   33    The port authority is hereby authorized to make and enforce such rules
   34  and regulations and, SUBJECT TO THE PROVISIONS OF SECTIONS TWO AND TWO-A
   35  OF CHAPTER SEVEN HUNDRED SEVENTY-FOUR OF THE LAWS  OF  NINETEEN  HUNDRED
   36  FIFTY OF THE STATE OF NEW YORK AND CHAPTER ONE HUNDRED NINETY-TWO OF THE
   37  LAWS OF NINETEEN HUNDRED FIFTY OF THE STATE OF NEW JERSEY, to establish,
   38  levy  and  collect  such  tolls and other charges in connection with any
   39  vehicular bridges and tunnels which it may now or hereafter  be  author-
   40  ized  to  own, construct, operate or control (including the said Holland
   41  tunnel and the said Midtown Hudson tunnel), as it  may  deem  necessary,
   42  proper  or  desirable,  which said tolls and charges shall be [at least]
   43  sufficient to meet the expenses of the construction, operation and main-
   44  tenance thereof, and to provide for the payment of, with interest  upon,
   45  and  the  amortization  and  retirement  of bonds or other securities or
   46  obligations issued or incurred for  bridge  or  tunnel  purposes.  There
   47  shall  be allocated to the cost of the construction, operation and main-
   48  tenance of such bridges and tunnels,  such  proportion  of  the  general
   49  expenses  of  the  port  authority  as it shall deem properly chargeable
   50  thereto.
   51    S 3. This act shall take effect upon the enactment  into  law  by  the
   52  state  of New Jersey of legislation having an identical effect with this
   53  act, but if the state of New Jersey  shall  have  already  enacted  such
   54  legislation,  this  act shall take effect immediately; provided that the
   55  chairman of the port authority of New York and New Jersey  shall  notify
   56  the  legislative  bill  drafting  commission  upon the occurrence of the
       A. 8813                             3

    1  enactment of the legislation provided for in this act in order that  the
    2  commission  may  maintain  an accurate and timely effective data base of
    3  the official text of the laws of the state of New York in furtherance of
    4  effectuating  the  provisions  of  section 44 of the legislative law and
    5  section 70-b of the public officers law.
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