S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                    633
 
                        2021-2022 Regular Sessions
 
                           I N  A S S E M B L Y
 
                                (PREFILED)
 
                              January 6, 2021
                                ___________
 
 Introduced by M. of A. CARROLL, JACOBSON, REYES, SIMON, SAYEGH, DeSTEFA-
   NO -- Multi-Sponsored by -- M. of A. COOK, DE LA ROSA -- 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
   metropolitan  transportation  authority  to  create  ten-year  capital
   program plans
 
   THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section  1.  Paragraphs  (a),  (b) and (c) of subdivision 1 of section
 1269-b of the public authorities law, paragraph (a) as amended and para-
 graphs (b) and (c) as added by chapter 637 of  the  laws  of  1996,  are
 amended and two new paragraphs (d) and (e) are added to read as follows:
   (a) On or before October first, nineteen hundred eighty-one, and on or
 before October first of every fifth year thereafter, through and includ-
 ing  October  first,  nineteen  hundred  ninety-one, the authority shall
 submit to the  metropolitan  transportation  authority  capital  program
 review board two capital program plans for the five year period commenc-
 ing January first of the following year;
   (b)  [not]  NOT  later  than ten days after the effective date of this
 paragraph the authority shall submit to the metropolitan  transportation
 authority capital program review board two capital program plans for the
 five-year period commencing January first, nineteen hundred ninety-five;
 [and]
   (c)  [on] ON or before October first, nineteen hundred ninety-nine and
 every fifth year thereafter THROUGH AND  INCLUDING  OCTOBER  FIRST,  TWO
 THOUSAND  SIXTEEN, the authority shall submit to the metropolitan trans-
 portation authority capital program review  board  two  capital  program
 plans for the five-year period commencing January first of the following
 year[.];

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

                                                            LBD05387-01-1

 A. 633                              2
 
   (D) ON OR BEFORE OCTOBER FIRST, TWO THOUSAND TWENTY-ONE, THE AUTHORITY
 SHALL  SUBMIT  TO THE METROPOLITAN TRANSPORTATION CAPITAL PROGRAM REVIEW
 BOARD TWO CAPITAL PROGRAM PLANS FOR THE TEN-YEAR PERIOD COMMENCING JANU-
 ARY FIRST OF THE FOLLOWING YEAR; AND
   (E)  ON  OR  BEFORE JANUARY THIRTY-FIRST, TWO THOUSAND THIRTY-ONE, AND
 EVERY TENTH YEAR THEREAFTER, THE AUTHORITY SHALL SUBMIT TO THE METROPOL-
 ITAN TRANSPORTATION CAPITAL PROGRAM REVIEW  BOARD  TWO  CAPITAL  PROGRAM
 PLANS  FOR THE TEN-YEAR PERIOD COMMENCING JANUARY FIRST OF THE FOLLOWING
 YEAR.
   § 2. Paragraph (a) of subdivision 7 of section 1269-b  of  the  public
 authorities  law,  as  amended  by  chapter  929 of the laws of 1986, is
 amended to read as follows:
   (a) The authority may from time to time  submit  to  the  metropolitan
 transportation  authority  capital  program  review  board amendments or
 modifications to any [five-year] TEN-YEAR  plan  theretofore  submitted,
 and  shall submit such an amendment or modification (i) if the estimated
 cost of any capital element for which  a  specified  dollar  amount  was
 proposed  to  be  expended  exceeds the amount set forth in the approved
 plan for such element by more than ten percent, (ii) if with respect  to
 a  particularly  described capital element for which only an estimate of
 projected cost has been provided in the plan there is a material  change
 in  the  description of such element from that contained in the approved
 plan, (iii) if a capital element not previously included in the approved
 plan is proposed to be undertaken and its cost, together with  the  cost
 of  other  elements included in category (l) of the plan, exceeds by ten
 percent the amount provided for such category (l) elements, (iv) if  the
 authority  shall  propose  to change by more than one year the time when
 any capital element is proposed to be initiated or the  effect  of  such
 change  will  be  to  increase  the  estimated amount of capital funding
 required in any year covered by the plan by more than twenty percent, or
 (v) if the availability of funding sources  changes  to  the  degree  to
 which  the  authority  or the Triborough bridge and tunnel authority are
 precluded from exercising the authorization provided in subdivision  six
 of this section and the authority wishes to do so.
   § 3. This act shall take effect immediately.