New York S04975 raises the threshold for office of the comptroller review of the metropolitan transportation authority discretionary awards to MWBEs.
New York S04975 amends the public authorities law to increase the threshold for office of the comptroller review of the metropolitan transportation authority discretionary awards to MWBEs and small businesses from one million dollars to one million five hundred thousand dollars. This change affects contracts with an estimated value greater than the new threshold, impacting the oversight and review process for these contracts. The bill aims to modernize the metropolitan transportation authority's small business mentoring program by adjusting the financial criteria for review.
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.