Bill Commons

NY A 4709

in committee

Relates to installments of bonds; repealer

New York · 2025-2026 Regular Session · lower

Description

Permanently requires that the first installment of serial bonds mature not later than two years after the date of such bonds; provides that principal installments remaining unpaid on bonds may be called for redemption prior to their date of maturity in such amounts, at such times in such manner and pursuant to such terms as may be determined by the finance board of a municipality, school district or corporation at the time of the issuance thereof; repeals provisions that permanently eliminate the requirement that municipalities provide from current funds an amount equal to at least 5% of the estimated cost of each capital improvement (excluding from such cost state or federal grant funding and certain benefited area assessments) prior to the issuance of bonds or bond anticipation notes to finance such capital improvement.

Introduced
Status date
Latest action
2025-09-08 — ENACTING CLAUSE STRICKEN
Bill type
bill
Last updated

Sponsors

  • Billy Jonesprimary

Committees

Not provided by source.

Action timeline

  1. 2025-02-04

    REFERRED TO LOCAL GOVERNMENTS

    referral-committee

  2. 2025-09-08

    ENACTING CLAUSE STRICKEN

Versions

Documents

Votes

Not provided by source.

Related bills

  • Prior session: A 9915not in this corpus
  • Prior session: A 1463
  • Companion bill: S 273

Official source

Attribution

Data from openstates_bulk_csv, retrieved 2026-07-24T05:28:30.722574Z

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