N.Y. Railroad Law § 307: Fare changes

§ 307. Fare changes. 1. In the event it appears at any time to a

railroad redevelopment corporation that its operating revenues and other

income will not be sufficient during the forthcoming twelve months to

provide for the items enumerated in section three hundred six, such

corporation may make application to the commissioner of transportation

for such changes in its passenger fares and charges (and the

classifications, regulations, and practices pertaining thereto) as will,

in the opinion of such corporation, produce sufficient additional

revenues to enable it to provide for such items.

2. Such application shall be filed and determined in the manner

provided in the transportation law, and shall be accompanied by a

certificate of such corporation setting out:

(a) the name of such railroad redevelopment corporation;

(b) the date upon which it qualified under this article;

(c) that the qualification of such railroad redevelopment corporation

has not been terminated;

(d) the basis upon which such corporation has determined that its

revenues and other income during said forthcoming twelve months will not

be sufficient to provide for the items enumerated in section three

hundred six; and

(e) the basis upon which such corporation has determined that such

changes will produce the additional revenues required to provide for

said items.