New York S 715: Establishes the Long Island transportation account

Bill Text

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S00715 Summary:

BILL NOS00715 

&nbsp

SAME ASSAME AS A02638

&nbsp

SPONSORRHOADS

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COSPNSRCANZONERI-FITZPATRICK, ROLISON

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MLTSPNSR

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Amd §1270-i, Pub Auth L; amd §1299-H, Tax L

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Establishes the Long Island transportation account within the New York city transportation assistance fund.

Go to top S00715 Actions:

BILL NOS00715 

&nbsp

01/08/2025REFERRED TO TRANSPORTATION

01/07/2026REFERRED TO TRANSPORTATION

Go to topS00715 Committee&nbspVotes:

Go to topS00715 Floor&nbspVotes:

There are no Assembly votes for this bill in this legislative session.

Go to topS00715 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 715

 2025-2026 Regular Sessions

 IN SENATE

 (Prefiled)

 January 8, 2025
 ___________

 Introduced by Sen. RHOADS -- read twice and ordered printed, and when
 printed to be committed to the Committee on Transportation

 AN ACT to amend the public authorities law and the tax law, in relation
 to establishing the Long Island transportation account

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

 1 Section 1. Subdivisions 4, 5, 6 and 7 of section 1270-i of the public
 2 authorities law are renumbered subdivisions 5, 6, 7 and 8 and a new
 3 subdivision 4 is added to read as follows:
 4 4. Moneys in the Long Island transportation account shall be used for
 5 the exclusive purpose of funding the operating and capital costs of
 6 metropolitan transportation authority facilities, equipment and services
 7 in the counties of Nassau and Suffolk, and any projects improving trans-
 8 portation connections from such counties to New York County. Such funds
 9 may be used for infrastructure including construction, reconstruction,
 10 reconditioning and preservation of transportation systems, facilities
 11 and equipment, acquisition of property, and for operating costs includ-
 12 ing personal services, non-personal services, fringe benefits, and
 13 contractual services. Funds may also be used to fund a toll reduction
 14 program for any crossings under the jurisdiction of the metropolitan
 15 transportation authority or its subsidiaries or affiliates. Funds may
 16 also be used to pay or to reimburse the authority for its payment of
 17 debt service and reserve requirements on that portion of authority bonds
 18 and notes that have been issued by the authority specifically for the
 19 authorized purpose of this account. Notwithstanding any law to the
 20 contrary, final approval of the use of any funds paid into the Long
 21 Island transportation account shall be unanimously approved by three
 22 members of the metropolitan transportation authority capital program
 23 review board, established pursuant to section twelve hundred
 24 sixty-nine-a of this title, as designated under this subdivision. For

 EXPLANATION--Matter in italics (underscored) is new; matter in brackets
 [ ] is old law to be omitted.
 LBD02640-01-5

 S. 715 2

 1 purposes of such final approvals the three voting members shall be: the
 2 member appointed upon recommendation by the temporary president of the
 3 senate; the member appointed upon recommendation by the speaker of the
 4 assembly; and the member appointed by the governor.
 5 § 2. Subdivisions 1, 6 and 7 of section 1270-i of the public authori-
 6 ties law, as added by section 4 of part NNN of chapter 59 of the laws of
 7 2018 and subdivisions 6 and 7 as renumbered by section one of this act,
 8 are amended to read as follows:
 9 1. The authority shall create and establish a fund to be known as the
 10 "New York city transportation assistance fund" which shall be kept sepa-
 11 rate from and shall not be commingled with any other moneys of the
 12 authority. The New York city transportation assistance fund shall
 13 consist of [three] four separate accounts: (i) the "subway action plan
 14 account"; (ii) the "outer borough transportation account"; [and] (iii)
 15 the "general transportation account"; and (iv) the "Long Island trans-
 16 portation account". The authority shall make deposits in the subway
 17 action plan account of the moneys received by it pursuant to the
 18 provisions of subdivision (c) of section twelve hundred ninety-nine-H of
 19 the tax law in accordance with the provisions the