New York S05148 mandates a twenty-year capital needs assessment for the Metropolitan Transportation Authority, requiring a majority vote for adoption.

New York S05148 amends the public authorities law to require the Metropolitan Transportation Authority to submit a twenty-year capital needs assessment to the capital program review board. The assessment, which must be adopted by a majority of the authority's members, includes broad long-term capital investments such as system rebuilding, enhancement, and expansion needs. The assessment must be submitted by October 1, 2023, and every fifth year thereafter, starting with the period beginning January 1, 2025.

New York S05148 mandates a twenty-year capital needs assessment for the Metropolitan Transportation Authority, requiring a majority vote for adoption.

New York S05148 amends the public authorities law to require the Metropolitan Transportation Authority to submit a twenty-year capital needs assessment to the capital program review board. The assessment, which must be adopted by a majority of the authority's members, includes broad long-term capital investments such as system rebuilding, enhancement, and expansion needs. The assessment must be submitted by October 1, 2023, and every fifth year thereafter, starting with the period beginning January 1, 2025.