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NY A09663
Bill
Status
3/27/2024
Primary Sponsor
Kenneth Zebrowski
Click for details
AI Summary
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Requires all public authorities currently in privatization proceedings or who have transferred critical transportation infrastructure in the past ten years to issue a detailed privatization report.
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Reports must evaluate impacts on debt repayment, compare projects to existing U.S. privatization initiatives of similar scope and value, and assess whether comparable projects experienced cost overruns, delays, or failures.
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Initial privatization reports are due by December 1, 2024, with legislative committees permitted to request additional study within 90 days.
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Final reports must be submitted to the Governor, legislative leadership, and relevant committee chairs after accounting for any additional issues requested by state leadership within a subsequent 90-day review period.
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The act takes effect 90 days after enactment, with regulatory provisions effective immediately.
Legislative Description
Requires all public authorities owning, leasing, and controlling critical infrastructure to study the potential consequences of privatization.
Last Action
enacting clause stricken
7/15/2024