Requires all public authorities owning, leasing, and controlling critical infrastructure to study the potential consequences of privatization

This bill requires New York public authorities that own or control critical transportation infrastructure, such as bridges, tunnels, and airports, to study the potential consequences of privatizing these assets. The legislation mandates that any authority currently selling, leasing, or planning to transfer control of such infrastructure must produce a detailed report evaluating how privatization would affect their ability to repay debt and comparing the project to similar private initiatives elsewhere in the United States. These reports must be submitted to specific state legislative committees within a set timeframe, with provisions for officials to request additional studies before the final report is sent to the governor and other leaders. The law takes effect 90 days after becoming official, ensuring a structured review process before any transfer of ownership or control occurs.