New York S00096 mandates the Metropolitan Transportation Authority to submit an annual report detailing minor and major contract cost overruns.

New York S00096 amends the public authorities law to require the Metropolitan Transportation Authority to create an annual report on all minor and major contract cost overruns. The report must include a list of contracts where overruns exceed one million dollars, all contracting firms involved, the winning bid amounts, the actual costs incurred, a description of the project, completion delays, and an analysis of why the contract bid amount was exceeded. The report must be delivered to the governor, the temporary president of the senate, and the speaker of the assembly by February 15 each year.

New York S00096 mandates the Metropolitan Transportation Authority to submit an annual report detailing minor and major contract cost overruns.

New York S00096 amends the public authorities law to require the Metropolitan Transportation Authority to create an annual report on all minor and major contract cost overruns. The report must include a list of contracts where overruns exceed one million dollars, all contracting firms involved, the winning bid amounts, the actual costs incurred, a description of the project, completion delays, and an analysis of why the contract bid amount was exceeded. The report must be delivered to the governor, the temporary president of the senate, and the speaker of the assembly by February 15 each year.