2012 New York Consolidated Laws
PBA - Public Authorities
Article 9 - GENERAL PROVISIONS
Title 1 - (2800 - 2806) REPORTS BY PUBLIC AUTHORITIES
2804 - Financial disclosure by public authorities or commissions prior to toll or fare increase.

 
    §  2804.  Financial  disclosure  by  public authorities or commissions
  prior to toll or fare increase.  (1)  Notwithstanding  any  inconsistent
  provision of this chapter or of any other general, special or local law,
  every  authority  or  commission  heretofore  or  hereafter continued or
  created by this chapter, except those excluded  from  the  operation  of
  this  section  by  subdivision  four,  having jurisdiction over highway,
  bridge or tunnel facilities shall submit to the  governor,  comptroller,
  chairman  of the senate finance committee, chairman of the assembly ways
  and means  committee  and  ranking  minority  member  of  each  of  such
  committees,  not less than one hundred twenty days prior to the proposed
  date of any future increase in fees, tolls or other charges for the  use
  of  any  such highway, bridge or tunnel facilities, or the imposition of
  tolls or fees at such a location which is toll or fee free,  a  detailed
  report  setting forth: (a) the need for such increase or imposition; (b)
  its receipts and disbursements, or revenues  and  expenses,  during  the
  prior  three  fiscal  years,  or  so much thereof as it may have been in
  existence,  in  accordance  with  the  categories   or   classifications
  established  by  such  authority or commission for its own operating and
  capital outlay purposes; (c) its assets and liabilities at  the  end  of
  its  last  fiscal  year  including  the status of reserve, depreciation,
  special or other funds and including the receipts and payments of  these
  funds;  (d)  a schedule of bonds and notes outstanding at the end of its
  fiscal year and their redemption dates, together with a statement of the
  amounts redeemed and incurred during such fiscal year;  (e)  information
  on  future  authority or commission operations, debt service and capital
  construction, together with estimated receipts and expenditures for  the
  next  five  fiscal  years without reference to such proposed increase or
  imposition; (f) projections and estimates as to  the  effect  which  the
  proposed  increase  or  imposition  will  have  on the future use of the
  facilities, and an estimate of the revenues which  will  accrue  to  the
  authority  or  commission  as  the  result  of  the proposed increase or
  imposition.
    (2) The comptroller shall review any proposed increase  or  imposition
  in  fees, tolls or other charges, and the report required by subdivision
  one of this section and within sixty days make public a  report  of  his
  findings,  conclusions  and recommendations. A copy of the comptroller's
  report shall be sent to  the  authority  or  commission,  the  governor,
  chairman  of the senate finance committee, chairman of the assembly ways
  and means  committee  and  ranking  minority  member  of  each  of  such
  committees.
    (3)  Every  authority  or  commission  shall  hold a public hearing or
  hearings after receipt of the report  of  the  comptroller  required  by
  subdivision  two of this section not less than fifteen days prior to the
  effective date of such increase or imposition. Where the increase sought
  is or constitutes a portion  of  a  general  statewide  increase,  three
  hearings  across  the  state  shall  be  held.  Where  the  increase  or
  imposition is applicable only to a specific  facility  or  segment,  one
  hearing in the affected area shall be held. Notice of each hearing shall
  be   given  to  the  governor,  comptroller,  and  each  member  of  the
  legislature at least ten days prior to each such hearing, and  shall  be
  published  at  least  once in two newspapers of daily circulation in the
  area where each hearing is to be held at least ten days  prior  to  each
  such  hearing.  All  newspapers  shall  be  selected by the authority or
  commission. Copies of the proposed increase or imposition,  the  reports
  required  by subdivisions one and two of this section shall be available
  for public inspection during a period of  fifteen  days  prior  to  each
  hearing at the office or offices of the authority or commission and at a
  public  facility  in  each area where a hearing is to be held. Following

  such public hearing or  hearings,  the  authority  or  commission  shall
  reconsider  the  proposed increase or imposition and may rescind, change
  or modify the proposal as it then deems necessary or advisable.
    (4)  This  section  shall  not  be  applicable  to  any  authority  or
  commission whose existence and jurisdiction is fixed by compact, treaty,
  action or agreement with other states or nations.