Bill > S02714

This bill establishes a new Metropolitan Transportation Authority (MTA) Control Board to address the severe fiscal crisis facing the MTA. The Control Board will consist of five members appointed by the governor, with recommendations from legislative leaders, serving two-year terms. The board will have the power to review and approve all MTA projects and financing, requiring unanimous votes for any determinations. Key provisions include the board's ability to scrutinize project applications, examine fund commitments, and participate in labor negotiations. Board members will serve without salary but can receive expense reimbursements and will be allowed to designate representatives to attend meetings. The board's primary legal authority is to determine whether the MTA has sufficient funds to finance proposed projects, and members are explicitly limited to voting within this scope. The governor retains the power to remove board members who act beyond their defined legal authority. The legislation aims to improve the MTA's long-term fiscal stability, protect infrastructure investments, preserve investor confidence, reduce taxpayer burden, and protect the regional and state economy by providing a more rigorous oversight mechanism for the transportation authority's financial decisions.

Transportation and Infrastructure

https://www.nysenate.gov/legislation/bills/2025/S2714