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Bill

A 4357

Relates to the submission of a twenty-year capital needs assessment

2025 Regular Session Introduced by Alicia Hyndman

Bill A 4357 requires public authorities to conduct a twenty-year capital needs assessment, ensuring better planning and funding for future infrastructure and community needs.

REFERRED TO CORPORATIONS, AUTHORITIES AND COMMISSIONS
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Bill Summary · A 4357

Summary of Bill A 4357

Bill Information

  • Bill Number: A 4357
  • Title: Relates to the submission of a twenty-year capital needs assessment
  • Status: Referred to Corporations, Authorities and Commissions
  • Introduced: February 04, 2025
  • Classification: Bill

Purpose and Intent

Bill A 4357 aims to establish a framework for the submission of a comprehensive twenty-year capital needs assessment. This assessment is intended to provide a long-term outlook on the infrastructure and capital requirements of various public entities, ensuring that future planning and funding align with the projected needs of the community.

Key Provisions

  • Assessment Requirement: The bill mandates that specific public authorities and corporations conduct a thorough capital needs assessment every twenty years. This assessment will evaluate the current state of infrastructure and identify future needs.
  • Submission Timeline: Entities required to submit the assessment must do so within a specified timeframe, ensuring that the information is current and relevant for planning purposes.
  • Guidelines for Assessment: The bill may outline specific criteria and methodologies that must be followed in conducting the assessment, ensuring consistency and reliability in the data collected.

Affected Entities

  • Public Authorities and Corporations: The primary entities impacted by this legislation include various public authorities and corporations that manage infrastructure projects and public services.
  • Local Governments and Communities: Local governments may benefit indirectly from the assessments as they will provide insights into the long-term capital needs of their jurisdictions, aiding in budget planning and resource allocation.

Procedural Aspects

  • Current Status: As of February 4, 2025, the bill has been referred to the Corporations, Authorities and Commissions committee for further consideration. This is a critical step in the legislative process, as the committee will review the bill, hold hearings, and make recommendations.
  • Related Bills: The bill is linked to several prior-session bills, including:
    • S 1870
    • S 5849
    • A 9483
    • S 4367 (companion bill)

These related bills may provide context or additional provisions that complement the objectives of A 4357.

Conclusion

Bill A 4357 represents a strategic initiative to enhance the planning and management of public infrastructure through long-term assessments. By requiring a twenty-year capital needs assessment, the bill seeks to ensure that public entities are better equipped to address future challenges and allocate resources effectively. The ongoing legislative process will determine the bill's final provisions and implementation timeline.

Compiled from official sources — confirm details with the bill’s official record.

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