New York S 4203: Updates value capture mechanisms for NYC and the MTA

Bill Text

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S04203 Summary:

BILL NOS04203A

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SAME ASNo Same As

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SPONSORCOMRIE

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COSPNSR

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MLTSPNSR

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Amd §119-r, Gen Muni L; amd Part PP §3, Chap 54 of 2016

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Updates value capture mechanisms for NYC and the MTA, including transparency requirements; extends such provisions of law until April 1, 2031.

Go to top S04203 Actions:

BILL NOS04203A

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02/03/2025REFERRED TO LOCAL GOVERNMENT

01/07/2026REFERRED TO LOCAL GOVERNMENT

05/15/2026AMEND (T) AND RECOMMIT TO LOCAL GOVERNMENT

05/15/2026PRINT NUMBER 4203A

Go to topS04203 Committee&nbspVotes:

Go to topS04203 Floor&nbspVotes:

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

Go to topS04203 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 4203--A

 2025-2026 Regular Sessions

 IN SENATE

 February 3, 2025
 ___________

 Introduced by Sen. COMRIE -- read twice and ordered printed, and when
 printed to be committed to the Committee on Local Government -- recom-
 mitted to the Committee on Local Government in accordance with Senate
 Rule 6, sec. 8 -- committee discharged, bill amended, ordered
 reprinted as amended and recommitted to said committee

 AN ACT to amend the general municipal law, in relation to adjusting
 value capture mechanisms for New York city and the metropolitan trans-
 portation authority, including transparency requirements; and to amend
 part PP of chapter 54 of the laws of 2016 amending the general munici-
 pal law relating to the New York transit authority and the metropol-
 itan transportation authority, in relation to extending such value
 capture mechanisms and transparency requirements

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

 1 Section 1. Paragraph f of subdivision 1 of section 119-r of the gener-
 2 al municipal law, as added by section 2 of part PP of chapter 54 of the
 3 laws of 2016, is amended to read as follows:
 4 f. The making of a contract with the metropolitan transportation
 5 authority, by itself or with one or more other municipal corporations to
 6 assist the authority in meeting its capital or operating expenses in
 7 providing mass transportation services of benefit to all or part of such
 8 municipal corporation, including undertaking a mass transportation capi-
 9 tal project in or near the municipal corporation. Such a municipal
 10 corporation may, according to the terms of the contract with the author-
 11 ity, establish, levy and collect taxes, assessments, and/or charges and
 12 may conditionally or unconditionally grant or pledge a portion of its
 13 revenues allocated according to [subdivision] paragraph e of this
 14 [section] subdivision.
 15 (i) For any mass transportation capital project located in the city of
 16 New York, the municipal corporation or metropolitan transportation
 17 authority shall notify in writing the community board or boards, any

 EXPLANATION--Matter in italics (underscored) is new; matter in brackets
 [ ] is old law to be omitted.
 LBD00218-03-6

 S. 4203--A 2

 1 part of whose district or districts would be contained within a proposed
 2 mass transportation capital project district, at least forty-five days
 3 prior to conducting the public hearing as required by this section. Upon
 4 request from such board or boards the municipal corporation or authority
 5 shall, at a date convenient to such board or boards, present information
 6 regarding the proposed mass transportation capital project and also
 7 allow for public comment. For any proposed mass transportation capital
 8 project, the municipal corporation or metropolitan transportation
 9 authority shall notify in writing the municipal, state, and congression-
 10 al elected representatives, any part of whose district or districts
 11 would be contained within a proposed mass transportation capital project
 12 district, at least forty-five days prior to conducting the public hear-
 13 ing as required by this paragraph. Such municipal corporation may desig-
 14 nate mass transportation capital project districts that a municipal
 15 corporation finds, after conducting a public hearing, will benefit from
 16 an identified mass transportation capital project.
 17 (ii) Upon designating [such] a mass transportation capi