S 4367: Requires the submission of a twenty-year capital needs assessment to the metropolitan transportation authority capital program review board.
The bill requires the Metropolitan Transportation Authority (MTA) to submit a twenty-year capital needs assessment to the Metropolitan Transportation Authority Capital Program Review Board. The assessment must begin with the period starting January 1, 2031, and every fifth year thereafter, and describe capital investments over the succeeding twenty years. The assessment should set forth broad long-term capital investments, including system rebuilding, enhancement, and expansion needs, as well as projected future trends and network implications. The assessment is for informational purposes only and does not require a vote from the review board. The assessment must be certified by the MTA and entered into the permanent record of the review board's minutes. The bill takes effect immediately.
| Jan. 07, 2026 | REFERRED TO TRANSPORTATION |
| Feb. 04, 2025 | REFERRED TO TRANSPORTATION |
STATE OF NEW YORK ________________________________________________________________________ 4367 2025-2026 Regular Sessions IN SENATE February 4, 2025 ___________ Introduced by Sen. COMRIE -- read twice and ordered printed, and when printed to be committed to the Committee on Transportation AN ACT to amend the public authorities law, in relation to the submission of a twenty-year capital needs assessment The People of the State of New York, represented in Senate and Assem- bly, do enact as follows: 1 Section 1. Section 1269-c of the public authorities law is amended by 2 adding a new subdivision d to read as follows: 3 d. On or before October first, two thousand twenty-nine, and on or 4 before October first of every fifth year thereafter, the authority shall 5 submit to the metropolitan transportation authority capital program 6 review board a twenty-year capital needs assessment. Such assessment 7 shall begin with the period commencing January first, two thousand thir- 8 ty-one, and begin each assessment with every fifth year thereafter, and 9 describe capital investments over the succeeding twenty years. Such 10 assessment shall: (1) set forth broad long-term capital investments to 11 be made throughout the district; and (2) establish a non-binding basis 12 to be used by the authority in the planning of strategic investments 13 involving capital elements in its five-year capital plans. Such assess- 14 ment shall not require a vote of the metropolitan transportation author- 15 ity capital program review board and shall be for informational purposes 16 only. For purposes of this section, "broad long-term capital invest- 17 ments" shall include but not be limited to: system rebuilding, enhance- 18 ment, and expansion needs; agency needs broken down by capital element 19 or investment category; and projected future trends and network impli- 20 cations. Such assessment shall be certified by the chair of the authori- 21 ty and shall be entered into the permanent record of the minutes of the 22 review board. 23 § 2. This act shall take effect immediately. EXPLANATION--Matter in italics (underscored) is new; matter in brackets [] is old law to be omitted. LBD05667-01-5