NY A03944

Establishes comprehensive governance requirements for Port Authority commissioners including fiduciary duties, ethics codes, training programs, and prohibits commissioners from simultaneously serving as chief executive or financial officers

Creates three standing committees (Audit, Governance, Finance) comprised primarily of independent members to provide oversight of financial controls, corporate governance, and debt issuance

Requires annual financial reports certified by board leadership and executives detailing operations, audited financials, compensation schedules, property transactions, and material litigation within 90 days of fiscal year-end

Mandates Inspector General office with investigative powers and establishes whistleblower protection programs allowing employees to report wrongdoing through toll-free confidential channels

Requires public hearings at least 120 days before any toll or fare increases with at least six hearings in geographically accessible locations; mandates 72-hour advance notice of board meetings and agendas posted online, with 60 minutes of public comment time allowed