Bill > A05757

This bill appoints a fiscal monitor for the New York State Metropolitan Transportation Authority (MTA) for a period of five years. The fiscal monitor, appointed by the Governor and paid by the state, will provide direct oversight of the MTA's fiscal policies, practices, programs, and decisions. The monitor will have access to MTA records and documents, and will be tasked with reviewing and making recommendations on the MTA's budget, financial plan, debt levels, procurement practices, internal controls, and financial reporting. The monitor will regularly report on the MTA's financial performance and fiscal management to the Governor, the state legislature, and the public.