Bill > S00096

This bill requires the Metropolitan Transportation Authority (MTA) to submit an annual report detailing contract cost overruns, including comprehensive information about projects with budget changes. The bill defines three levels of cost changes: minor (10-25%), median (25-50%), and major (50% or more) and mandates that the annual report include a list of all contracts with these cost changes, identifying the contracting firms, original and actual contract costs, project descriptions, completion delays, and a detailed analysis explaining why the original bid amount was exceeded. The report must be delivered electronically to the governor, senate president, and assembly speaker by February 15th each year, covering contracts from the previous calendar year, with the first report to be submitted the February following the bill's effective date. The bill aims to increase transparency and accountability in MTA contract management by providing a comprehensive overview of project cost fluctuations.

Transportation and Infrastructure

https://www.nysenate.gov/legislation/bills/2025/S96