N.Y. Comp. Codes R. & Regs. tit. 2 § 206.8

Current through Register Vol. 46, No. 45, November 2, 2024

Section 206.8 - Approval of contracts made by MTA and NYCTA

(a) For purposes of this section:

(1) MTA shall mean the Metropolitan Transportation Authority created under section twelve hundred sixty-three of the Public Authorities Law, including any Subsidiaries of MTA.

(2) NYCTA shall mean the New York City Transit Authority created under section twelve hundred one of the Public Authorities Law, including any of Subsidiaries of NYCTA.

(b) Notwithstanding the provisions of paragraphs (1) and (2) of subdivision (a) of section 206.4 of this Part, the Comptroller shall periodically determine which MTA and NYCTA eligible contracts and eligible contract amendments shall be subject to the Comptroller's approval and the Comptroller shall provide written notice of such determination to MTA or NYCTA, as applicable, within thirty days of the Comptroller having received written notice of such eligible contract or eligible contract amendment either in the annual report specified in section 206.3 of this Part or any revised annual report issued by MTA or NYCTA.

(c) Notwithstanding the provisions of subdivision (d) of section 206.5 of this Part, the Comptroller shall have thirty days to issue a written determination with respect to the approval or disapproval of each eligible contract or eligible contract amendment submitted by MTA or NYCTA for approval. Such thirty day period shall begin upon receipt of the eligible contract or eligible contract amendment, including all required documentation, by the Office of the State Comptroller. No eligible contract or eligible contract amendment submitted to the Comptroller pursuant to this section shall become valid and enforceable until such eligible contract or eligible contract amendment has been approved by the Comptroller; provided, however, that if the Comptroller has not issued a written determination within such thirty day period, such eligible contract or eligible contract amendment shall become valid and enforceable without approval by the Comptroller. In the event that either MTA or NYCTA resubmits an eligible contract or eligible contract amendment previously disapproved by the Comptroller, the Comptroller shall have thirty days from the receipt of such resubmitted eligible contract or eligible contract amendment to issue a written determination.

(d) Except as amended by this section 206.8, all other provisions of this Part shall apply to MTA and NYCTA.

N.Y. Comp. Codes R. & Regs. Tit. 2 § 206.8

Adopted New York State Register May 6, 2020/Volume XLII, Issue 18, eff. 5/6/2020