S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   8857
 
                           I N  A S S E M B L Y
 
                             January 18, 2024
                                ___________
 
 Introduced  by M. of A. CARROLL -- read once and referred to the Commit-
   tee on Corporations, Authorities and Commissions
 
 AN ACT to amend the  public  authorities  law,  in   relation   to   the
   submission  of a twenty-year capital needs assessment to the metropol-
   itan transportation authority capital program review board
 
   THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section  1.  Subdivision c of section 1269-c of the public authorities
 law, as added by section 1 of subpart E of part ZZZ of chapter 59 of the
 laws of 2019, is amended to read as follows:
   c. On or before October first, two thousand twenty-three,  and  on  or
 before October first of every fifth year thereafter, the authority shall
 submit  to  the  metropolitan  transportation  authority capital program
 review board a twenty-year capital needs assessment.    SUCH  ASSESSMENT
 SHALL BE ADOPTED BY NOT LESS THAN A MAJORITY VOTE OF THE WHOLE NUMBER OF
 MEMBERS  OF  THE AUTHORITY THEN IN OFFICE, EXCEPT THAT IN THE EVENT OF A
 TIE VOTE THE CHAIRMAN SHALL CAST ONE ADDITIONAL  VOTE.  Such  assessment
 shall begin with the period commencing January first, two thousand twen-
 ty-five, and begin each assessment with every fifth year thereafter, and
 describe  capital  investments  over  the  succeeding twenty years. Such
 assessment shall: (1) set forth broad long-term capital  investments  to
 be  made  throughout  the  district, INCLUDING AT A MINIMUM, IDENTIFYING
 SPECIFIC NON-BINDING COST ESTIMATES BY ELEMENT FOR  THE  NEXT  FIVE-YEAR
 PERIOD  AND  TOTAL ESTIMATES BY ELEMENT OVER THE FULL TWENTY-YEAR PERIOD
 NECESSARY TO: (I) ACHIEVE A STATE OF  GOOD  REPAIR;  (II)  MAINTAIN  THE
 NORMAL  REPLACEMENT OF ASSETS; (III) IMPROVE THE SYSTEM; AND (IV) EXPAND
 SERVICE; and (2) establish a non-binding basis to be used by the author-
 ity in the planning of strategic investments involving capital  elements
 in its five-year capital plans. Such assessment shall not require a vote
 of  the  metropolitan  transportation  authority  capital program review
 board and shall be for informational purposes only. For purposes of this
 section, "broad long-term capital investments" shall include but not  be
 limited  to: system rebuilding, enhancement, and expansion needs; agency
 needs broken  down  by  capital  element  or  investment  category;  and
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
              

                                                            LBD13759-02-4
 A. 8857                             2
 
 projected  future trends and network implications. Such assessment shall
 be certified by the chairman of the authority and shall be entered  into
 the permanent record of the minutes of the review board.
   § 2. This act shall take effect immediately.