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Bill > S00715


NY S00715

NY S00715
Establishes the Long Island transportation account within the New York city transportation assistance fund.


summary

Introduced
01/08/2025
In Committee
01/08/2025
Crossed Over
Passed
Dead

Introduced Session

2025-2026 General Assembly

Bill Summary

AN ACT to amend the public authorities law and the tax law, in relation to establishing the Long Island transportation account

AI Summary

This bill establishes a new Long Island transportation account within the New York City Transportation Assistance Fund, which will receive fifty percent of certain tax revenues previously allocated only to other transportation accounts. The account is specifically designed to fund transportation infrastructure, services, and operations in Nassau and Suffolk Counties, including metropolitan transportation authority (MTA) facilities, equipment, and projects that improve transportation connections to New York County. The funds can be used for a wide range of purposes such as constructing and preserving transportation systems, acquiring property, covering operating costs, funding a toll reduction program, and paying debt service on MTA bonds related to the account. Notably, the bill requires that any use of funds from this account must be unanimously approved by three specific members of the MTA capital program review board: the members appointed by the senate president, the assembly speaker, and the governor. The bill ensures that these funds are supplemental to existing funding sources and cannot be diverted to other governmental purposes, thereby protecting the dedicated nature of the transportation account.

Committee Categories

Transportation and Infrastructure

Sponsors (3)

Last Action

REFERRED TO TRANSPORTATION (on 01/08/2025)

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