Bill > A06088

This bill requires the metropolitan commuter transportation authority to hire a certified independent public accounting firm to conduct a comprehensive forensic audit of its operations. The audit must examine the authority's redundancies, inefficiencies, and governance system, and be performed according to generally accepted government auditing standards. The bill includes strict requirements to ensure the independence of the accounting firm, such as prohibiting the firm from performing audit services if its lead partners have worked with the authority in the past ten years or if key authority executives have previously worked for the accounting firm. Within two years of the bill's effective date, the accounting firm must submit a detailed report to various state officials, including the governor and legislative leaders, which will be made public and posted on the authority's website. Additionally, the firm must develop up to six alternative governance action plan proposals, which the authority must review and implement within one year of the audit report's publication. The bill is designed to improve the authority's operational efficiency and transparency, and it will automatically expire two years after its enactment.

Government Affairs

https://www.nysenate.gov/legislation/bills/2025/A6088