* § 153-c. Financial disclosure by authority prior to toll or fare
increase. 1. The ten cent toll which was in effect on December
thirty-first, nineteen hundred seventy-four pursuant to subdivision five
of section one hundred fifty-three-b of the public authorities law shall
be restored to ten cents until all of the provisions of this section
shall have been complied with.

2. Notwithstanding any inconsistent provision of this chapter or of
any other general, special or local law, the authority shall submit to
the state comptroller, not less than one hundred twenty days prior to
the proposed date of any future increase in tolls a detailed written
report setting forth: (1) the need for such increase or imposition; (2)
its receipts and disbursements, or revenues and expenses, during the
prior five fiscal years, or so much thereof as it may have been in
existence, in accordance with the categories or classifications
established by such authority for its own operating and capital outlay
purposes; (3) its assets and liabilities at the end of its last fiscal
year including the status of reserve, depreciation, special or other
funds and including the receipts and payments of these funds; (4) a
schedule of bonds and notes outstanding at the end of its fiscal year
and their redemption dates, together with a statement of the amounts
redeemed and incurred during such fiscal year; (5) information on
operations, debt service and capital construction setting forth the
estimated receipts and expenditures for the next five fiscal years; (6)
projections and estimates as to the effect which the proposed increase
or imposition will have on the future use of the facilities, and the
increased revenues which will accrue to the authority as the result of
the proposed increase or imposition; (7) such other information and data
as the comptroller may request in order to carry out the provisions of
this section. The comptroller shall have the power to waive submission,
in the detailed written report, of any records, data and information
required by this subdivision, and in lieu thereof shall have the power
to physically inspect any records, data and information required by such
subdivision.

3. The comptroller shall review any proposed increase or imposition in
tolls and the report required by subdivision two of this section and
within sixty days make public his findings, conclusions and
recommendations. The commissioner of transportation of the state of New
York or his designated representative or agent shall, at the request of
the comptroller, provide assistance to the comptroller in determining
his findings, conclusions and recommendations, as required by this
section.

4. The authority shall hold a public hearing upon any such proposed
toll increase not less than fifteen days prior to the effective date of
such increase. At least fifteen days prior to such hearing notice of
such hearing shall be given by publications at least once in each of six
daily newspapers within the state to be selected by the authority.
Copies of the proposed increase or imposition, the report required by
subdivision two of this section and the comptroller's findings,
conclusions and recommendations shall be available for public inspection
during a period of fifteen days prior to the hearing at the office or
offices of the authority and at such other places throughout the
counties of Nassau and Suffolk as it may designate. Following such
public hearing, the authority shall reconsider the proposed increase or
imposition and may rescind, change or modify the proposal as it then
deems necessary or advisable.

5. Nothing contained in this section shall require the authority to
refund any tolls collected in the period between January first, nineteen
hundred seventy-five, and the effective date of this act.

* NB (Authority abolished June 30, 1978)