New York A 1661: Requires the MTA to submit an annual report on all contract cost overruns that exceed one million dollars

Bill Text

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A01661 Summary:

BILL NOA01661 

&nbsp

SAME ASSAME AS S00096

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SPONSORGlick

&nbsp

COSPNSR

&nbsp

MLTSPNSR

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Add §1269-h, Pub Auth L

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Requires the MTA to submit an annual report on all minor and major contract cost overruns; establishes such report shall include a list of all contracts where overruns exceed one million dollars, all contracting firms involved, the winning bid amounts, the actual costs incurred, a description of the project, completion delays, and an analysis of why the contract bid amount was exceeded.

Go to top A01661 Actions:

BILL NOA01661 

&nbsp

01/10/2025referred to corporations, authorities and commissions

01/07/2026referred to corporations, authorities and commissions

Go to topA01661 Committee&nbspVotes:

Go to topA01661 Floor&nbspVotes:

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

Go to topA01661 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 1661

 2025-2026 Regular Sessions

 IN ASSEMBLY

 January 10, 2025
 ___________

 Introduced by M. of A. GLICK -- read once and referred to the Committee
 on Corporations, Authorities and Commissions

 AN ACT to amend the public authorities law, in relation to requiring the
 metropolitan transportation authority to create an annual report on
 all minor and major contract cost overruns

 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 1269-h to read as follows:
 3 § 1269-h. Report on contract cost overruns. 1. The authority shall
 4 create an annual report on all minor and major contract cost overruns.
 5 2. For the purposes of this section, "minor cost change" is defined as
 6 a change equal to or greater than ten percent but less than twenty-five
 7 percent of the original project cost; "median cost change" is defined as
 8 a change equal to or greater than twenty-five percent but less than
 9 fifty percent of the original project cost; and "major cost change" is
 10 defined as a change equal to or greater than fifty percent of the
 11 original project cost.
 12 3. Such report shall include, but shall not be limited to: a list of
 13 all contracts with minor cost changes, median cost changes, and major
 14 cost changes; all contracting firms involved in such contracts; the
 15 winning bid amounts of such contracts; the original and actual costs
 16 incurred from such contracts, and the difference between the two
 17 numbers; a description of the project; completion delays, if any; and a
 18 detailed analysis of why the contract bid amount was exceeded.
 19 4. Such report shall be in a form prescribed by the authority and
 20 shall be accessible in electronic format.
 21 5. Each report shall be delivered to the governor, the temporary pres-
 22 ident of the senate and the speaker of the assembly on or before the
 23 fifteenth of February of each calendar year and shall contain all
 24 required information and all relevant contracts as required by this

 EXPLANATION--Matter in italics (underscored) is new; matter in brackets
 [ ] is old law to be omitted.
 LBD00272-01-5

 A. 1661 2

 1 section from the preceding calendar year. The first report shall be
 2 submitted on the fifteenth of February after the effective date of this
 3 section.
 4 § 2. This act shall take effect immediately.

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