NY Pub Auth L § 153-C (2021)
2021 New York Laws PBA - Public Authorities Article 2 - Park, Parkway and Highway Authorities Title 3 - Jones Beach State Parkway Authority 153-C - Financial Disclosure by Authority Prior to Toll or Fare Increase.

* §  153-c.  Financial  disclosure  by authority prior to toll or fare   increase. 1.  The  ten  cent  toll  which  was  in  effect  on  December   thirty-first, nineteen hundred seventy-four pursuant to subdivision five   of section one hundred fifty-three-b of the public authorities law shall   be  restored  to  ten  cents until all of the provisions of this section   shall have been complied with.2. Notwithstanding any inconsistent provision of this  chapter  or  of   any  other  general, special or local law, the authority shall submit to   the state comptroller, not less than one hundred twenty  days  prior  to   the  proposed  date  of  any future increase in tolls a detailed written   report setting forth: (1) the need for such increase or imposition;  (2)   its  receipts  and  disbursements,  or revenues and expenses, during the   prior five fiscal years, or so much thereof  as  it  may  have  been  in   existence,   in   accordance  with  the  categories  or  classifications   established by such authority for its own operating and  capital  outlay   purposes;  (3)  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; (4) 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;  (5)  information  on   operations,  debt  service  and  capital  construction setting forth the   estimated receipts and expenditures for the next five fiscal years;  (6)   projections  and  estimates as to the effect which the proposed increase   or imposition will have on the future use of  the  facilities,  and  the   increased  revenues  which will accrue to the authority as the result of   the proposed increase or imposition; (7) such other information and data   as the comptroller may request in order to carry out the  provisions  of   this  section. The comptroller shall have the power to waive submission,   in the detailed written report, of any  records,  data  and  information   required  by  this subdivision, and in lieu thereof shall have the power   to physically inspect any records, data and information required by such   subdivision.3. The comptroller shall review any proposed increase or imposition in   tolls and the report required by subdivision two  of  this  section  and   within   sixty   days   make   public   his  findings,  conclusions  and   recommendations. The commissioner of transportation of the state of  New   York  or his designated representative or agent shall, at the request of   the comptroller, provide assistance to the  comptroller  in  determining   his  findings,  conclusions  and  recommendations,  as  required by this   section.4. The authority shall hold a public hearing upon  any  such  proposed   toll  increase not less than fifteen days prior to the effective date of   such increase. At least fifteen days prior to  such  hearing  notice  of   such hearing shall be given by publications at least once in each of six   daily  newspapers  within  the  state  to  be selected by the authority.   Copies of the proposed increase or imposition, the  report  required  by   subdivision   two  of  this  section  and  the  comptroller's  findings,   conclusions and recommendations shall be available for public inspection   during a period of fifteen days prior to the hearing at  the  office  or   offices  of  the  authority  and  at  such  other  places throughout the   counties of Nassau and Suffolk  as  it  may  designate.  Following  such   public  hearing, the authority shall reconsider the proposed increase or   imposition and may rescind, change or modify the  proposal  as  it  then   deems necessary or advisable.5.  Nothing  contained  in this section shall require the authority to   refund any tolls collected in the period between January first, nineteen   hundred seventy-five, and the effective date of this act. * NB (Authority abolished June 30, 1978)