Bill Text: NY S00485 | 2023-2024 | General Assembly | Amended

NOTE: There are more recent revisions of this legislation. Read Latest Draft

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Bill Title: Requires the New York state thruway authority to submit biannual reports to the legislature of all fiscal transactions, receipts and expenditures, with each report covering activity from the prior six months.

Spectrum: Partisan Bill (Democrat 3-0)

Status: (Vetoed) 2024-11-22 - VETOED MEMO.48 [S00485 Detail]

Download: New_York-2023-S00485-Amended.html

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                STATE OF NEW YORK
        ________________________________________________________________________

                                         485--A
            Cal. No. 436

                               2023-2024 Regular Sessions

                    IN SENATE

                                     January 4, 2023
                                       ___________

        Introduced by Sens. COMRIE, MYRIE -- read twice and ordered printed, and
          when  printed  to  be  committed to the Committee on Transportation --
          reported favorably from said committee, ordered to  first  and  second
          report,  ordered to a third reading, passed by Senate and delivered to
          the Assembly, recalled, vote reconsidered, restored to third  reading,
          amended  and  ordered  reprinted,  retaining its place in the order of
          third reading

        AN ACT to amend the public authorities law, in relation to requiring the
          New York state thruway authority to submit  biannual  reports  of  all
          fiscal transactions, receipts and expenditures

          The  People of the State of New York, represented in Senate and Assem-
        bly, do enact as follows:

     1    Section 1. Section 363 of the public authorities law,  as  amended  by
     2  chapter 766 of the laws of 1992, is amended to read as follows:
     3    § 363. [Annual] Biannual report. (a) The authority shall submit to the
     4  governor,  to the legislature, to the comptroller and to the director of
     5  the budget [on or before the first day of February of each year] biannu-
     6  ally a detailed report setting forth its operations  and  fiscal  trans-
     7  actions  during  the  [preceding  calendar  year]  covered period with a
     8  statement of its financial condition  as  of  the  end  of  such  [year]
     9  covered  period  and a statement of all receipts and expenditures during
    10  such [year] covered period.  Such report shall include detailed informa-
    11  tion relating to additional expenditures incurred by the authority as  a
    12  result  of  the  amendments  made  to  subdivision four of section three
    13  hundred fifty-nine of this [chapter] title pursuant to  the  chapter  of
    14  the  laws  of  nineteen  hundred ninety-two which enacted this sentence.
    15  Additionally, such report shall include a list of any  contract  entered
    16  into by such authority in the covered period.
    17    (b)  For the purposes of this section, "covered period" shall mean the
    18  preceding six month period.
    19    § 2.  This act shall take effect January 1, 2024.

         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD00625-03-3