New York S02564 requires the Metropolitan Commuter Transportation Authority to seek approval from the state comptroller before increasing fares.

New York S02564 amends the public authorities law to mandate that the Metropolitan Commuter Transportation Authority must submit a report to the state comptroller before implementing any fare increases. This report must include a justification for the proposed fare increase and the current financial condition of the authority. The fare increase cannot take effect until approved by both the authority and the state comptroller. The bill also allows the comptroller to request additional data or information as needed.

New York S02564 requires the Metropolitan Commuter Transportation Authority to seek approval from the state comptroller before increasing fares.

New York S02564 amends the public authorities law to mandate that the Metropolitan Commuter Transportation Authority must submit a report to the state comptroller before implementing any fare increases. This report must include a justification for the proposed fare increase and the current financial condition of the authority. The fare increase cannot take effect until approved by both the authority and the state comptroller. The bill also allows the comptroller to request additional data or information as needed.