Bill
Bill > S04975
NY S04975
NY S04975Increases the threshold for office of the comptroller review of the metropolitan transportation authority discretionary awards to MWBEs and small businesses from one million dollars to one million five hundred thousand dollars.
summary
Introduced
02/14/2025
02/14/2025
In Committee
02/14/2025
02/14/2025
Crossed Over
Passed
Dead
Introduced Session
2025-2026 General Assembly
Bill Summary
AN ACT to amend the public authorities law, in relation to modernizing the metropolitan transportation authority's small business mentoring program
AI Summary
This bill increases the threshold for the Metropolitan Transportation Authority's (MTA) review of discretionary awards to Minority and Women-owned Business Enterprises (MWBEs) and small businesses from $1 million to $1.5 million. The legislation amends two sections of the public authorities law to modify the applicability of existing contract review requirements, specifically changing the point at which certain contract review provisions take effect. By raising the monetary threshold, the bill aims to streamline the procurement process for smaller contracts and reduce administrative burden for the MTA. The change means that contracts valued at $1.5 million or less will no longer require the same level of detailed review, potentially making it easier for smaller businesses to compete for MTA contracts while still maintaining oversight for larger, more significant procurements.
Committee Categories
Transportation and Infrastructure
Sponsors (1)
Last Action
REFERRED TO TRANSPORTATION (on 02/14/2025)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.nysenate.gov/legislation/bills/2025/S4975 |
| BillText | https://assembly.state.ny.us/leg/?default_fld=&bn=S04975&term=2025&Summary=Y&Actions=Y&Text=Y&Committee%26nbspVotes=Y&Floor%26nbspVotes=Y#S04975 |
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