NY State Senate Bill 2009-S517

Senate Bill S517

2009-2010 Legislative Session

Adjusts the allocation of triborough bridge and tunnel authority surpluses to more fairly reflect the source of such surpluses and distribution of MTA riders

download bill text pdf

Archive: Last Bill Status - In Senate Committee Transportation Committee

Introduced
- In Committee Assembly
- In Committee Senate
- On Floor Calendar Assembly
- On Floor Calendar Senate
- Passed Assembly
- Passed Senate
Delivered to Governor
Signed By Governor

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Actions

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	Assembly Actions - Lowercase Senate Actions - UPPERCASE
Jan 06, 2010	referred to transportation
Jan 07, 2009	referred to transportation

2009-S517 (ACTIVE) - Details

See Assembly Version of this Bill:: A2290
Current Committee:: Senate Transportation
Law Section:: Public Authorities Law
Laws Affected:: Amd §1219-a, Pub Auth L

2009-S517 (ACTIVE) - Summary

Adjusts the allocation of Triborough bridge and tunnel authority surpluses to more fairly reflect the source of such surpluses and distribution of MTA riders; increases from twenty-four million dollars and fifty percentum to eighty percentum of the balance of such operating surplus.

2009-S517 (ACTIVE) - Sponsor Memo

                                 BILL NUMBER:  S517

 TITLE OF BILL :
An act to amend the public authorities law, in relation to increasing
the amount of surplus to be transferred by the triborough bridge and
tunnel authority to the New York city transit authority


 PURPOSE :
To adjust the allocation of Triborough Bridge and Tunnel Authority
(TBTA) surpluses to more fairly redistribute funds generated by tolls
on the bridges and tunnels collected by the TBTA.

 SUMMARY OF PROVISIONS :
The bill amends § 1219-a, subdivision 2 (b)(i) of the Public
Authorities Law to increase to 80 percent the TBTA surpluses which are
allocated to the NYC Transit Authority.

 JUSTIFICATION :
In 1972 the Legislature devised a system to reallocate a substantial
portion of the Triborough Bridge and Tunnel Authority's operating
surplus to the New York City Transportation Authority to help to
subsidize the cost of fares on the subways, trains, and buses of New
York City. That system called for 24 million dollars, plus one half of
the remaining $79 million surplus to be redistributed to the NYCTA,
and the substantially smaller portion to the MTA. Over the years the

TBTA's operating surplus has grown to such a degree that the 24
million dollar advantage given to the NYCTA is now proportionally
insignificant. In 1999 the surplus reached $623 million, and $323.5
million of that was turned over to the NYCTA. This bill would have
required the TBTA to turn over an additional $174.9 million (or a
total of $498.4 million) to the NYCTA. This new formula of eighty
percent of the TBTA surplus being given to the NYCTA, to help reduce
fares and improve the service of New York City's mass transit system,
and the remaining twenty percent going to the MTA, is more in keeping
with the intent of the 1972 Act.

 LEGISLATIVE HISTORY :
2008:  S.5549 - Referred to Transportation/A.7580 - Referred to
Corporations, Held for Consideration
2007:  S.5549 - Referred to Transportation/A.7580 - Referred to
Corporations
2006:  S.4007 - Referred to Transportation/A.6115 - Referred to
Corporations, Held for Consideration
2005:  S.4007 - Referred to Transportation/A.6115 - Referred to
Corporations

 FISCAL IMPLICATIONS :
None.

 EFFECTIVE DATE :
This act shall take effect on the first of September next succeeding
the date on which it shall have become a law.

2009-S517 (ACTIVE) - Bill Text download pdf

                            
                    S T A T E   O F   N E W   Y O R K
________________________________________________________________________

                                   517

                       2009-2010 Regular Sessions

                            I N  S E N A T E

                               (PREFILED)

                             January 7, 2009
                               ___________

Introduced  by  Sen.  LANZA  -- read twice and ordered printed, and when
  printed to be committed to the Committee on Transportation

AN ACT to amend the public authorities law, in  relation  to  increasing
  the  amount  of surplus to be transferred by the triborough bridge and
  tunnel authority to the New York city transit authority

  THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
BLY, DO ENACT AS FOLLOWS:

  Section  1.  Clause  (i)  of paragraph (b) of subdivision 2 of section
1219-a of the public authorities law, as amended by section 19 of part O
of chapter 61 of the laws of 2000, is amended to read as follows:
  (i) [twenty-four million dollars  plus  fifty  percentum]  EIGHTY  PER
CENTUM  of  the  balance of such operating surplus shall be allocable to
the authority, and
  S 2. This act shall  take  effect  on  the  first  of  September  next
succeeding the date on which it shall have become a law.






 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD01505-01-9

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