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, lease, or control critical transportation infrastructure (like bridges, tunnels, airports, and rail systems) to study the potential effects of privatizing that infrastructure. Authorities must produce a report evaluating how selling or leasing infrastructure might impact their ability to pay debt, compare such projects to similar U.S. privatizations, and assess whether comparable projects succeeded or faced delays/cost overruns. The report must be submitted to specific legislative committees by December 1, 2026, and may be updated based on committee feedback. This applies to authorities currently considering or having previously considered privatization deals within the last decade. The bill does not mandate privatization or block it, but requires a formal study before any such transfer occurs.