§ 1269-c. Metropolitan transportation authority capital program review
board; additional powers and duties. a. The metropolitan transportation
authority capital program review board, consisting of voting and
non-voting members shall (1) monitor the progress of the capital
elements described in each plan approved as provided in section twelve
hundred sixty-nine-b of this title; (2) monitor the expenditures
incurred and to be incurred for each such element; (3) identify capital
elements not progressing on schedule; (4) ascertain responsibility
therefor; and (5) recommend those actions required or appropriate to
accelerate their implementation. The authority shall consult with the
board upon its request and provide it with access to the records of the
authority relating to such capital elements.

b. The authority shall submit to the review board within sixty days
after the end of each calendar year (1) the actual commitments for the
capital plan for the previous calendar year compared to planned
commitments by capital element; (2) expenditures by funding source for
each capital element in the previous calendar year; and (3) the proposed
funding of capital elements in a plan for the current calendar year by
funding source. Such submission shall be certified by the chairman of
the authority and shall be entered into the permanent record of the
minutes of the review board.

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 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; and (2) establish a non-binding basis
to be used by the authority 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 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.