Assembly Bill A724

2019-2020 Legislative Session

Requires the MTA to submit an annual report on all contract cost overruns that exceed one million dollars

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Archive: Last Bill Status - In Assembly Committee

  • Introduced
    • In Committee Assembly
    • In Committee Senate
    • On Floor Calendar Assembly
    • On Floor Calendar Senate
    • Passed Assembly
    • Passed Senate
  • Delivered to Governor
  • Signed By Governor

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2019-A724 (ACTIVE) - Details

Current Committee:
Assembly Corporations, Authorities And Commissions
Law Section:
Public Authorities Law
Laws Affected:
Add §1269-h, Pub Auth L
Versions Introduced in Other Legislative Sessions:
2017-2018: A11108
2021-2022: A5730
2023-2024: A5585

2019-A724 (ACTIVE) - Summary

Requires the MTA to submit an annual report on all contract cost overruns that exceed one million dollars; such report shall include a list of all contracts where overruns exceed one million dollars, all contracting firms involved, the winning bid amounts, the actual costs incurred, a description of the project, completion delays, and an analysis of why the contract bid amount was exceeded.

2019-A724 (ACTIVE) - Bill Text download pdf 

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                    724
 
                        2019-2020 Regular Sessions
 
                           I N  A S S E M B L Y
 
                                (PREFILED)
 
                              January 9, 2019
                                ___________
 
 Introduced  by M. of A. GLICK -- read once and referred to the Committee
   on Corporations, Authorities and Commissions
 
 AN ACT amend the public authorities law, in relation  to  requiring  the
   metropolitan  transportation  authority  to create an annual report on
   all contract cost overruns that exceed one million dollars
 
   THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section  1.  The  public  authorities  law  is amended by adding a new
 section 1269-h to read as follows:
   § 1269-H. REPORT ON CONTRACT COST OVERRUNS.  1.  THE  AUTHORITY  SHALL
 CREATE  AN  ANNUAL REPORT ON ALL CONTRACT COST OVERRUNS WHICH EXCEED ONE
 MILLION DOLLARS.
   2. SUCH REPORT SHALL INCLUDE, BUT SHALL NOT BE LIMITED TO: A  LIST  OF
 ALL CONTRACTS WHERE OVERRUNS EXCEEDED ONE MILLION DOLLARS; ALL CONTRACT-
 ING  FIRMS  INVOLVED  IN SUCH CONTRACTS; THE WINNING BID AMOUNTS OF SUCH
 CONTRACTS; THE ACTUAL COST INCURRED FROM SUCH CONTRACTS;  A  DESCRIPTION
 OF  THE  PROJECT;  COMPLETION DELAYS, IF ANY; AND A DETAILED ANALYSIS OF
 WHY THE CONTRACT BID AMOUNT WAS EXCEEDED.
   3. SUCH REPORT SHALL BE IN A FORM  PRESCRIBED  BY  THE  AUTHORITY  AND
 SHALL BE ACCESSIBLE IN ELECTRONIC FORMAT.
   4. EACH REPORT SHALL BE DELIVERED TO THE GOVERNOR, THE TEMPORARY PRES-
 IDENT  OF  THE  SENATE  AND THE SPEAKER OF THE ASSEMBLY ON OR BEFORE THE
 FIFTEENTH OF FEBRUARY OF  EACH  CALENDAR  YEAR  AND  SHALL  CONTAIN  ALL
 REQUIRED  INFORMATION  AND  ALL  RELEVANT  CONTRACTS AS REQUIRED BY THIS
 SECTION FROM THE PRECEDING CALENDAR YEAR.  THE  FIRST  REPORT  SHALL  BE
 SUBMITTED  ON THE FIFTEENTH OF FEBRUARY AFTER THE EFFECTIVE DATE OF THIS
 SECTION.
   § 2. This act shall take effect immediately.

  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD05697-01-9

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