New York (State). Legislature. Assembly. Office of Legislative Oversight and Analysis

The Assembly Office of Legislative Oversight and Analysis assisted the Assembly Committee on Corporations, Authorities, and Commissions in investigating waste and extravagance in the Port Authority of New York and New Jersey.

The Authority was formed in 1924 and has responsibility for operating transportation and trade facilities in the New York City area including airports, bridges and tunnels, a commuter rail system, bus terminals, shipping terminals, and the World Trade Center. The Committee investigated the Authority's misuse of foreign travel expenses, use of helicopters for personal use, fiscal irregularities in the construction and operation of the World Trade Center, and other questionable uses of public funds. This Committee alleged a widespread pattern of waste throughout the Authority's operation. The investigation helped bring about a wholesale change in the Authority's management in 1977.

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2016-08-12 05:08:33 am

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2016-08-12 05:08:33 am

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