NY A 4709
in committeeRelates 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
2025-02-04
REFERRED TO LOCAL GOVERNMENTS
referral-committee
2025-09-08
ENACTING CLAUSE STRICKEN
Versions
- A4709Compare
Documents
- application/pdf(no extracted text yet)
- text/html(no extracted text yet)
Votes
Not provided by source.
Related bills
Official source
Attribution
Data from openstates_bulk_csv, retrieved 2026-07-24T05:28:30.722574Z
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