New York A03086 amends public authorities law to require a twenty-year capital needs assessment to be submitted to the Metropolitan Transportation.

New York A03086 amends the public authorities law to mandate the submission of a twenty-year capital needs assessment to the Metropolitan Transportation Authority Capital Program Review Board. This assessment must be adopted by a majority of the authority's members, with the chair casting an additional vote in case of a tie. The assessment, starting from January 1, 2025, and every fifth year thereafter, should detail broad long-term capital investments, including system rebuilding, enhancement, expansion, replacement of assets, and improvement of the system.

New York A03086 amends public authorities law to require a twenty-year capital needs assessment to be submitted to the Metropolitan Transportation.

New York A03086 amends the public authorities law to mandate the submission of a twenty-year capital needs assessment to the Metropolitan Transportation Authority Capital Program Review Board. This assessment must be adopted by a majority of the authority's members, with the chair casting an additional vote in case of a tie. The assessment, starting from January 1, 2025, and every fifth year thereafter, should detail broad long-term capital investments, including system rebuilding, enhancement, expansion, replacement of assets, and improvement of the system.