NY A 4709
in committeeRelates to installments of bonds; repealer
New York · 2025-2026 Regular Session · lower
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Quick answers
Did NY A 4709 pass?
Not yet. NY A 4709 is in committee and has not come to a final vote. Latest recorded action (2025-09-08): ENACTING CLAUSE STRICKEN
What is NY A 4709 about?
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.
Who sponsors NY A 4709?
Billy Jones is the primary sponsor of NY A 4709.
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
- —
- Latest action
- 2025-09-08 — ENACTING CLAUSE STRICKEN
- Bill type
- bill
- Last updated
- —
Sponsors
- Billy Jonesprimary
Committees
Not provided by source.
Action timeline
Newest first
2025-09-08
ENACTING CLAUSE STRICKEN
2025-02-04
REFERRED TO LOCAL GOVERNMENTS
referral-committee
Versions
- A4709Compare
Documents
Votes
Not provided by source.
Related bills
- Prior session: A 9915not in this corpus
- Prior session: A 1463not in this corpus
- Companion bill: S 273
Official source
Attribution
Data from openstates_bulk_csv, retrieved 2026-07-24T05:28:30.722574Z
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