S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   3086
 
                        2025-2026 Regular Sessions
 
                           I N  A S S E M B L Y
 
                             January 23, 2025
                                ___________
 
 Introduced  by  M.  of  A.  R. CARROLL  -- read once and referred to the
   Committee 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 CHAIR SHALL CAST ONE ADDITIONAL VOTE. Such assessment shall
 begin with the period commencing January  first,  two  thousand  twenty-
 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
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD06043-01-5
              

 A. 3086                             2
 
 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
 projected  future trends and network implications. Such assessment shall
 be certified by the [chairman] CHAIR  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.