Appoints a fiscal monitor for five years to oversee the MTA's fiscal policies and practices.
The bill appoints a fiscal monitor for five years to oversee the New York State Metropolitan Transportation Authority's fiscal policies, practices, programs, and decisions. The monitor must have experience in public finance and at least one area such as transportation finance, public transportation, or public policy. The monitor will review and analyze the MTA's budget, debt management, procurement practices, and internal controls, and make recommendations for improvement. The monitor will also attend MTA board meetings and report to the governor, state legislature, and public.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
See what it does, who it affects, and the critical issues in plain language. Free, 30 seconds.