Bill Text: NY S00485 | 2023-2024 | General Assembly | Amended
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
STATE OF NEW YORK ________________________________________________________________________ 485--B Cal. No. 590 2023-2024 Regular Sessions IN SENATE January 4, 2023 ___________ Introduced by Sens. COMRIE, MYRIE, WEBB -- read twice and ordered print- ed, and when printed to be committed to the Committee on Transporta- tion -- reported favorably from said committee, ordered to first and second report, ordered to a third reading, passed by Senate and deliv- ered to the Assembly, recalled, vote reconsidered, restored to third reading, amended and ordered reprinted, retaining its place in the order of third reading -- recommitted to the Committee on Transporta- tion in accordance with Senate Rule 6, sec. 8 -- 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. EXPLANATION--Matter in italics (underscored) is new; matter in brackets [] is old law to be omitted. LBD00625-07-4S. 485--B 2 1 Additionally, such report shall include a list of any contract entered 2 into by such authority in the covered period. 3 (b) For the purposes of this section, "covered period" shall mean the 4 preceding six-month period. 5 § 2. This act shall take effect on the first of January next succeed- 6 ing the date on which it shall have become a law.