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Bill

A 7086

Requires the New York state thruway authority to submit biannual reports to the legislature of all fiscal transactions, receipts and expenditures

2025 Regular Session Introduced by William Colton and 3 co-sponsors

Bill A 7086 mandates the New York State Thruway Authority to submit biannual financial reports to the legislature, enhancing transparency and accountability.

SUBSTITUTED BY S608
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Bill Summary · A 7086

Summary of Bill A 7086

Bill Overview

  • Bill Number: A 7086
  • Title: Requires the New York State Thruway Authority to submit biannual reports to the legislature of all fiscal transactions, receipts, and expenditures
  • Status: Substituted by S 608
  • Introduced: March 20, 2025
  • Classification: Bill

Purpose and Intent

The primary purpose of Bill A 7086 is to enhance transparency and accountability within the New York State Thruway Authority by mandating the submission of detailed financial reports. These reports will provide the legislature with comprehensive information regarding all fiscal transactions, including receipts and expenditures, on a biannual basis.

Key Provisions

  • Biannual Reporting Requirement: The Thruway Authority is required to prepare and submit reports every six months detailing:
    • All fiscal transactions
    • Receipts
    • Expenditures
  • Legislative Oversight: The reports will be submitted to the New York State Legislature, allowing for increased oversight and scrutiny of the Thruway Authority's financial activities.

Impact

  • Affected Entities:

    • The New York State Thruway Authority will be directly impacted as it will need to allocate resources to compile and submit the required reports.
    • The New York State Legislature will benefit from enhanced access to financial data, which may aid in decision-making and policy formulation.

  • Public Transparency: This bill aims to improve public trust in the Thruway Authority by ensuring that financial operations are transparent and accessible to lawmakers and, by extension, the public.

Legislative Timeline

  • March 20, 2025: Bill A 7086 was introduced and referred to the Committee on Corporations, Authorities, and Commissions.
  • June 8, 2025: The bill's reference was changed to the Committee on Ways and Means.
  • June 9, 2025: The bill was reported and referred to the Rules Committee.
  • June 10, 2025: The bill was reported, ordered to third reading, and subsequently substituted by S 608.

Related Bills

  • A 10111: A prior-session bill with similar objectives.
  • A 573: Another prior-session bill related to fiscal oversight.
  • S 608: The companion bill that has substituted A 7086, likely containing similar provisions.

This summary provides a clear understanding of Bill A 7086, its purpose, key provisions, and the implications for the New York State Thruway Authority and the legislature.

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

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