New York S 1953: Requires SUNY and CUNY trustees refrain from investing in and subsequently divest from stocks, debt or other securities of certain publicly traded fossil fuel companies

Bill Text

Bill Search and Legislative Information | New York State Assembly 

• 

• 

• 

• 

• 

• 

• 

• 

 Skip to main content 

 New York State Assembly

 Speaker Carl E. Heastie

 --> 
 --> 

 --> 

• 
 Assembly Members 

• 
 Legislative Info 

• 
 Public Hearings 

• 
 Speaker's Press 

• 
 Assembly Reports 

• 
 Committees & More 

• Bill Search Home
• Laws
• Legislative Calendar
• Public Hearing Schedule
• Assembly Calendars
• Assembly Committee Agenda 

 Javascript must be enabled to properly view this page. 

 Bill No.: 

• Summary 
• Actions 
• Committee&nbspVotes 
• Floor&nbspVotes 
• Memo 
• Text 
• LFIN 
• Chamber&nbspVideo/Transcript 
S01953 Summary:

BILL NOS01953 

&nbsp

SAME ASNo Same As

&nbsp

SPONSORWEBER

&nbsp

COSPNSR

&nbsp

MLTSPNSR

&nbsp

Add §9, Pub Auth L

&nbsp

Relates to a joint report by the department of audit and control and the authorities budget office on the financial and operational practices of any state authority whose purpose is to operate commuter transportation within the metropolitan commuter transportation district.

Go to top S01953 Actions:

BILL NOS01953 

&nbsp

01/14/2025REFERRED TO CORPORATIONS, AUTHORITIES AND COMMISSIONS

01/07/2026REFERRED TO CORPORATIONS, AUTHORITIES AND COMMISSIONS

Go to topS01953 Committee&nbspVotes:

Go to topS01953 Floor&nbspVotes:

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

Go to topS01953 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 1953

 2025-2026 Regular Sessions

 IN SENATE

 January 14, 2025
 ___________

 Introduced by Sen. WEBER -- read twice and ordered printed, and when
 printed to be committed to the Committee on Corporations, Authorities
 and Commissions

 AN ACT to amend the public authorities law, in relation to an annual
 joint report on the financial and operational practices of any state
 authority whose purpose is to operate commuter transportation within
 the metropolitan commuter transportation district

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

 1 Section 1. The public authorities law is amended by adding a new
 2 section 9 to read as follows:
 3 § 9. Joint report. (a) Beginning June first, two thousand twenty-six,
 4 the department of audit and control and the authorities budget office
 5 shall formulate an annual joint report on the financial and operational
 6 practices of any state authority whose purpose is to operate commuter
 7 transportation within the metropolitan commuter transportation district.
 8 Such report shall include a review of such practices and recommendations
 9 for improvement of operations with the goal of making services more
 10 efficient and cost effective. No later than December thirty-first, two
 11 thousand twenty-six, such report shall be completed and submitted to the
 12 governor, the speaker of the assembly, the assembly minority leader, the
 13 temporary president of the senate, the senate minority leader, and any
 14 state authorities which are subjects of the report.
 15 (b) Any authority who is a subject of a report shall submit all docu-
 16 ments requested by the department of audit and control or the authori-
 17 ties budget office within thirty days from such request.
 18 (c) Upon completion of the report, the head of the public authority
 19 which the letter or report was about, shall submit a written response
 20 acknowledging receipt of the letter or report within thirty days of the
 21 receipt of the report. If the report created by the department of audit
 22 and control and the authorities budget office makes recommendations for

 EXPLANATION--Matter in italics (underscored) is new; matter in brackets
 [ ] is old law to be omitted.
 LBD03491-01-5

 S. 1953 2

 1 corrective action, such head of the public authority shall issue a writ-
 2 ten report within one hundred eighty days after receipt thereof to the
 3 department of audit and control, the authorities budget office, the
 4 governor, the speaker of the assembly, the assembly minority leader, the
 5 temporary president of the senate, and the senate minority leader,
 6 containing which steps were taken to implement such recommendations,
 7 and, where recommendations were not implemented, the reasons therefor.
 8 Failure to comply with the provisions of this section shall make the
 9 authority delinquent in its reporting requirements.
 10 (d) Upon receipt of the head of the authority's response to the
 11 report, the governor shall make a written determination within sixty
 12 days as to whether any recommendations for corrective action not taken
 13 by the authority should be implemented by the authority and issue an
 14 order for them to do so.
 15 § 2. This act shall take effect immediately.

Go to top 

• 

 Sitemap 

 Request Information 

 Directions and Maps