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A07384 Summary:

BILL NOA07384
 
SAME ASNo Same As
 
SPONSORZebrowski
 
COSPNSR
 
MLTSPNSR
 
Amd 2504, Ins L
 
Relates to an exemption for the city of New York from certain insurance requirements in connection with public construction contracts.
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A07384 Actions:

BILL NOA07384
 
05/19/2023referred to corporations, authorities and commissions
05/23/2023reported referred to ways and means
01/03/2024referred to ways and means
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A07384 Memo:

NEW YORK STATE ASSEMBLY
MEMORANDUM IN SUPPORT OF LEGISLATION
submitted in accordance with Assembly Rule III, Sec 1(f)
 
BILL NUMBER: A7384
 
SPONSOR: Zebrowski
  TITLE OF BILL: An act to amend the insurance law, in relation to an exemption for the city of New York from certain insurance requirements in connection with public construction contracts   PURPOSE OR GENERAL IDEA OF BILL: This bill would expand the MTA Owner Controlled Insurance Program (OCIP) from rail contracts to additional construction contracts.   SUMMARY OF PROVISIONS: Section 1 of the bill amends subparagraph (B) of paragraph 2 of subsection (a) of section 2504 of the insurance law to allow OCIP contracts for bus, bridge, tunnel, central business district tolling facilities, and any ancillary projects delivered by the authority defined as transportation facilities. Section 2 provides an immediate effective date. JUSTIFICATION: The MTA currently utilizes the Owner Controlled Insurance Program (OCIP), sometimes referred to as "Wrap Up Insurance" on behalf of their contracted builders. Covered participants are typically the contractors, subcontractors, construction management, and state employees that were approved by the insurance owner, in this case the MTA, to work on the project. One advantage of OCIPs is the cost savings for the insurance plans, because of the rates the authority can receive. instead of individual companies purchasing their own plans. This allows the overall costs of capital projects by the authority to be reduced. Currently, statute allows for OCIP to be utilized in projects that are involving subway and rail. Expanding the types of projects that can utilize OCIP coverage will allow greater cost savings to the MTA on projects while they currently work to meet existing and address possible future deficits in their revenues.   LEGISLATIVE HISTORY: This is a new bill.   FISCAL IMPLICATIONS FOR STATE AND LOCAL GOVERNMENTS: :None.   EFFECTIVE DATE: This act shall take effect immediately.
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A07384 Text:



 
                STATE OF NEW YORK
        ________________________________________________________________________
 
                                          7384
 
                               2023-2024 Regular Sessions
 
                   IN ASSEMBLY
 
                                      May 19, 2023
                                       ___________
 
        Introduced  by  M.  of  A.  ZEBROWSKI  --  read once and referred to the
          Committee on Corporations, Authorities and Commissions
 
        AN ACT to amend the insurance law, in relation to an exemption  for  the
          city  of  New  York  from certain insurance requirements in connection
          with public construction contracts

          The People of the State of New York, represented in Senate and  Assem-
        bly, do enact as follows:
 
     1    Section  1.  Subparagraph  (B) of paragraph   2   of subsection (a) of
     2  section 2504 of the insurance law is amended to read as follows:
     3    (B) the city of New York, a public corporation or public authority, in
     4  connection with the construction of  electrical  generating  and  trans-
     5  mission  facilities or construction, reconstruction, extensions [and] or
     6  additions of light rail or heavy  rail  rapid  transit  [and],  commuter
     7  railroads,  bus  facilities, bridges, tunnels, central business district
     8  tolling facilities, and facilities related to or ancillary to any of the
     9  foregoing. For the purposes of this section, light rail  or  heavy  rail
    10  rapid    transit,  commuter railroads, bus facilities, bridges, tunnels,
    11  central business district tolling facilities, and facilities related  to
    12  or  ancillary to any of the foregoing refer to projects delivered by the
    13  metropolitan transportation authority and its  subsidiaries  and  affil-
    14  iates  that  are  defined  as "transportation facilities" in subdivision
    15  seventeen of section twelve hundred sixty-one of the public  authorities
    16  law,  or "project" as defined in subdivision six of section five hundred
    17  fifty-one of the public authorities law.
    18    § 2. This act shall take effect immediately.
 
 
 
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD11565-01-3
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