N.Y. Public Authorities Law Section 2655-C
Capital plan of the authority

On or before the first day of March, the authority shall annually produce, and present at a public hearing for public comment, a five-year capital projects plan, outlining the vision of its intended capital projects for the next five years. With respect to each project proposed in the plan, the authority shall provide a detailed description of the:

1.

overall nature, purpose and extent of the project;

2.

proposed amount and sources of capital funding to complete the project;

3.

proposed amount and sources of operating funding necessary to operate the project;

4.

urban and community planning performed or which needs to be performed;

5.

economic development potential of the project;

6.

financial feasibility of the project;

7.

geographic location and impact of the project;

8.

impact of the project on the community’s natural resources;

9.

tourism, entertainment and arts development potential of the project;

10.

human and physical infrastructure requirements and impact of the project; and

11.

other factors which have been considered for the purpose of enhancing the viability of the county. An annual presentation of this five-year capital plan shall further be made to the county legislature. After the presentation of the first five-year capital plan, any subsequent plan presented shall describe any changes from, modifications to, and the current status of, projects included in the previous plans. In developing and maintaining such plan, the authority shall, from time to time, enter into contracts with any and all outside experts it may deem necessary for the plan’s successful production, presentation and development.

Source: Section 2655-C — Capital plan of the authority, https://www.­nysenate.­gov/legislation/laws/PBA/2655-C (updated Sep. 22, 2014; accessed Oct. 26, 2024).

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Accessed:
Oct. 26, 2024

Last modified:
Sep. 22, 2014

§ 2655-C’s source at nysenate​.gov

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