New York A 7701: Authorizes the town of Newburgh, Orange county, to establish a road improvement district

Bill Text

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A07701 Summary:

BILL NOA07701 

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SAME ASSAME AS S00204

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SPONSORStern

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COSPNSR

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MLTSPNSR

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Appoints a fiscal monitor for five years; defines terms; provides for such appointment; provides for the duties of such fiscal monitor.

Go to top A07701 Actions:

BILL NOA07701 

&nbsp

04/08/2025referred to corporations, authorities and commissions

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

Go to topA07701 Committee&nbspVotes:

Go to topA07701 Floor&nbspVotes:

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

Go to topA07701 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 7701

 2025-2026 Regular Sessions

 IN ASSEMBLY

 April 8, 2025
 ___________

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

 AN ACT in relation to appointing a fiscal monitor for the metropolitan
 transportation authority; and providing for the repeal of such
 provisions upon expiration thereof

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

 1 Section 1. Definitions. For the purposes of this act, the following
 2 terms shall have the following meanings:
 3 1. "Monitor" shall mean the person appointed pursuant to section two
 4 of this act.
 5 2. "MTA" shall mean the New York State Metropolitan Transportation
 6 Authority.
 7 3. "Governor" shall mean the governor of the state of New York.
 8 4. "Comptroller" shall mean the state comptroller.
 9 § 2. Appointment. 1. The governor shall appoint a fiscal monitor,
 10 subject to appropriation, to provide direct oversight of the fiscal
 11 policies, practices, programs, and decisions of the MTA. The governor
 12 shall provide the monitor with technical support and assistance for the
 13 purposes of carrying out their duties under this act, if requested by
 14 the monitor. The monitor shall serve at the pleasure of the governor.
 15 2. The monitor shall be paid a fixed salary set by the governor and
 16 shall be reimbursed for actual and necessary expenses incurred in the
 17 performance of their duties including travel and supplies. The costs
 18 associated with the implementation of this act shall be borne by the
 19 state and shall be paid through a state appropriation.
 20 3. The monitor shall be a non-voting ex-officio member of the MTA
 21 board. The monitor shall be an individual who is not an employee of the
 22 MTA or a relative of MTA board members at the time of their appointment.
 23 The monitor shall have experience in public finance and, to the extent
 24 practical, shall have experience in one or more of the following areas:

 EXPLANATION--Matter in italics (underscored) is new; matter in brackets
 [ ] is old law to be omitted.
 LBD00881-01-5

 A. 7701 2

 1 (a) transportation finance;
 2 (b) the operation of public authorities in New York;
 3 (c) public transportation; or
 4 (d) public policy.
 5 § 3. Meetings. The monitor shall be entitled to attend all meetings of
 6 the MTA board, including executive sessions; provided, however, that the
 7 monitor shall not be considered for purposes of establishing a quorum of
 8 the board. The MTA shall fully cooperate with any monitor appointed by
 9 the governor, including but not limited to providing such monitor with
 10 access to any necessary documents and records of the MTA including
 11 access to electronic information systems, databases, and planning docu-
 12 ments, consistent with all applicable state and federal statutes includ-
 13 ing but not limited to the Freedom of Information Law pursuant to arti-
 14 cle six of the public officers law and the Personal Privacy Protection
 15 Law pursuant to article 6-A of the public officers law.
 16 § 4. Duties of the fiscal monitor. The fiscal monitor shall have the
 17 following duties, including but not limited to:
 18 1. Review and analyze the MTA's annual budget and financial plan,
 19 including operating and capital expenses and revenues, and make recom-
 20 mendations for improving financial management and sustainability;
 21 2. Review and evaluate the MTA's debt levels and debt management prac-
 22 tices, and make recommendations for reducing debt and improving debt
 23 management;
 24 3. Rev