Bill > A01661

This bill requires the Metropolitan Transportation Authority (MTA) to create an annual report detailing contract cost overruns, with specific definitions and comprehensive reporting requirements. The bill defines three levels of cost changes: minor (10-25%), median (25-50%), and major (50% or more) relative to the original project cost. The annual report must include a comprehensive list of all contracts with these cost changes, listing the contracting firms, original and actual project costs, project descriptions, any completion delays, and a detailed analysis explaining why the contract 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 preceding calendar year. The first report will be submitted the February following the bill's effective date, with the goal of increasing transparency and accountability in MTA contract management by providing a clear, systematic overview of project cost variations.

Government Affairs

https://www.nysenate.gov/legislation/bills/2025/A1661