Bill > S00608

This bill requires the New York State Thruway Authority to submit biannual (twice-yearly) reports to the governor, legislature, comptroller, and budget director, instead of the previous annual reporting requirement. The reports must comprehensively detail the authority's operations, fiscal transactions, financial condition, receipts, and expenditures for each six-month "covered period." The bill adds a new requirement that these reports must also include a list of all contracts entered into during that period. Previously, the authority was required to submit an annual report by February 1st of each year, but this legislation changes the frequency to every six months and removes the specific submission deadline. The bill defines the "covered period" explicitly as the preceding six-month timeframe. The legislation will take effect on the first day of January following its enactment, ensuring transparency and more frequent financial reporting from the Thruway Authority.

Government Affairs, Transportation and Infrastructure

https://www.nysenate.gov/legislation/bills/2025/S608