N.Y. Public Authorities Law § 1269-c: Metropolitan transportation authority capital program review board; additional powers and duties

§ 1269-c. Metropolitan transportation authority capital program review

board; additional powers and duties. a. The metropolitan transportation

authority capital program review board, consisting of voting and

non-voting members shall (1) monitor the progress of the capital

elements described in each plan approved as provided in section twelve

hundred sixty-nine-b of this title; (2) monitor the expenditures

incurred and to be incurred for each such element; (3) identify capital

elements not progressing on schedule; (4) ascertain responsibility

therefor; and (5) recommend those actions required or appropriate to

accelerate their implementation. The authority shall consult with the

board upon its request and provide it with access to the records of the

authority relating to such capital elements.

b. The authority shall submit to the review board within sixty days

after the end of each calendar year (1) the actual commitments for the

capital plan for the previous calendar year compared to planned

commitments by capital element; (2) expenditures by funding source for

each capital element in the previous calendar year; and (3) the proposed

funding of capital elements in a plan for the current calendar year by

funding source. Such submission shall be certified by the chairman of

the authority and shall be entered into the permanent record of the

minutes of the review board.

c. On or before October first, two thousand twenty-three, and on or

before October first of every fifth year thereafter, the authority shall

submit to the metropolitan transportation authority capital program

review board a twenty-year capital needs assessment. Such assessment

shall begin with the period commencing January first, two thousand

twenty-five, and begin each assessment with every fifth year thereafter,

and describe capital investments over the succeeding twenty years. Such

assessment shall: (1) set forth broad long-term capital investments to

be made throughout the district; and (2) establish a non-binding basis

to be used by the authority in the planning of strategic investments

involving capital elements in its five-year capital plans. Such

assessment shall not require a vote of the metropolitan transportation

authority capital program review board and shall be for informational

purposes only. For purposes of this section, "broad long-term capital

investments" shall include but not be limited to: system rebuilding,

enhancement, and expansion needs; agency needs broken down by capital

element or investment category; and projected future trends and network

implications. Such assessment shall be certified by the chairman of the

authority and shall be entered into the permanent record of the minutes

of the review board.