Bill > S05685

This bill appoints a fiscal monitor for the New York State Metropolitan Transportation Authority (MTA) for a period of five years. The monitor, appointed by the Governor, will have oversight over the MTA's fiscal policies, practices, programs, and decisions. The monitor's duties include reviewing and analyzing the MTA's budget, financial plan, debt levels, procurement practices, internal controls, and financial reporting, and making recommendations for improvement. The monitor will also monitor and report on the MTA's compliance with relevant laws and regulations. The costs associated with the monitor's role will be borne by the state through a state appropriation.