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| Re: Why are MTA-TA, MTA-Mabstoa, and MTA-Bus still separate? (322490) | |||
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Re: Why are MTA-TA, MTA-Mabstoa, and MTA-Bus still separate? |
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Posted by BusMgr on Mon Jan 30 11:15:39 2017, in response to Re: Why are MTA-TA, MTA-Mabstoa, and MTA-Bus still separate?, posted by pragmatist on Mon Jan 30 07:05:45 2017. It is separate legislation, and there would need to be a corporate merger for NYCTA to absorb its subsidiary. I understand that MaBSTROA was created as a separate entity so that it could quickly, and more easily, be returned to the private sector as a whole."A public benefit corporation entitled Manhattan and Bronx surface transit operating authority . . . is hereby created. The purpose of said subsidiary corporation shall be to operate, pursuant to the powers conferred hereunder and for a temporary period, the omnibus lines hereafter acquired by the city, until the said omnibus lines shall be sold or otherwise disposed of to private or public operation." New York Public Authorities Law § 1203-a(2). |
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