New York S 540: Requires legislative approval of any increased fees, rental or charges for the use of the thruway

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S00540 Summary:

BILL NOS00540 

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SAME ASNo Same As

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SPONSORTEDISCO

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COSPNSR

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MLTSPNSR

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Amd §354, Pub Auth L

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Requires legislative approval of any increased fees, rental or charges for the use of the thruway; provides that any shortfalls in revenue resulting from a denied proposal shall be made whole by the general fund.

Go to top S00540 Actions:

BILL NOS00540 

&nbsp

01/08/2025REFERRED TO TRANSPORTATION

01/07/2026REFERRED TO TRANSPORTATION

Go to topS00540 Committee&nbspVotes:

Go to topS00540 Floor&nbspVotes:

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

Go to topS00540 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 540

 2025-2026 Regular Sessions

 IN SENATE

 (Prefiled)

 January 8, 2025
 ___________

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

 AN ACT to amend the public authorities law, in relation to requiring
 legislative approval of increases in fees, rentals and charges for the
 use of the thruway system

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

 1 Section 1. Subdivision 8 of section 354 of the public authorities law,
 2 as amended by section 2 of part TT of chapter 54 of the laws of 2016, is
 3 amended and a new subdivision 8-a is added to read as follows:
 4 8. Subject to agreements with noteholders or bondholders and legisla-
 5 tive approval pursuant to subdivision eight-a of this section, to fix
 6 and collect such fees, rentals and charges for the use of the thruway or
 7 any part thereof necessary or convenient, with an adequate margin of
 8 safety, to produce sufficient revenue to meet the expense of maintenance
 9 and operation and to fulfill the terms of any agreements made with the
 10 holders of its notes or bonds, and to establish the rights and privi-
 11 leges granted upon payment thereof; provided, however, that tolls may
 12 only be imposed for the passage through locks and lift bridges by
 13 vessels which are propelled in whole or in part by mechanical power; and
 14 provided further that no tolls shall be imposed or collected prior to
 15 the first day of April, two thousand twenty-five.
 16 8-a. The authority shall submit a written report to the legislature at
 17 least one hundred eighty days prior to the date when any proposed
 18 increase in fees, rentals and charges for the use of the thruway system
 19 is scheduled to take effect. Such report shall include justification for
 20 the proposed increase, and information setting forth the current finan-
 21 cial condition of the authority. The legislature may require any addi-
 22 tional data or information that it deems necessary in such report. If
 23 the legislature, or the appropriate committees thereof, upon review of

 EXPLANATION--Matter in italics (underscored) is new; matter in brackets
 [ ] is old law to be omitted.
 LBD02351-01-5

 S. 540 2

 1 the report submitted to it by the authority, finds that the proposed
 2 increases are not convenient or necessary to produce sufficient revenue
 3 to meet the expense of maintenance and operation of infrastructure
 4 existing prior to any proposed increase then no proposed increase shall
 5 take effect until approved by a majority vote of each house of the
 6 legislature. Provided, however, that legislative approval shall not be
 7 required to fix and collect such fees, rentals and charges for the use
 8 of the thruway system or any part thereof, to produce sufficient revenue
 9 to fulfill the terms of any agreements, formed prior to the effective
 10 date of this subdivision, with the holders of its notes or bonds.
 11 § 2. Severability. If any clause, sentence, paragraph, section or part
 12 of this act shall be adjudged by any court of competent jurisdiction to
 13 be invalid, such judgment shall not affect, impair or invalidate the
 14 remainder thereof, but shall be confined in its operation to the clause,
 15 sentence, paragraph, section or part thereof directly involved in the
 16 controversy in which such judgment shall have been rendered.
 17 § 3. This act shall take effect immediately.

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