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New YorkA 110062025-2026 Regular SessionHouseWALLET

Extends the effectiveness of certain provisions relating to refunding bonds

Sponsored By: Kwani O'Pharrow (Democratic)

Signed by Governor

LOCAL GOVERNMENTSWAYS AND MEANSLOCAL GOVERNMENT

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Bill Overview

Analyzed Economic Effects

1 provisions identified: 1 benefits, 0 costs, 0 mixed.

Local bond refinancing authority extended to 2029

The law takes effect immediately. Local governments and public authorities can keep using refunding-bond rules. The rules now last through September 30, 2029. This helps them refinance debt and manage interest costs. The act does not add new taxes or fees.

Sponsors & Cosponsors

Sponsor

  • Kwani O'Pharrow

    Democratic • House

Cosponsors

There are no cosponsors for this bill.

Roll Call Votes

All Roll Calls

Yes: 195 • No: 0

Senate vote • 6/4/2026

FLOOR Vote

Yes: 60 • No: 0

House vote • 5/4/2026

Assembly floor vote

Yes: 135 • No: 0

Actions Timeline

  1. SIGNED CHAP.274

    8/28/2026House

  2. DELIVERED TO GOVERNOR

    8/21/2026House

  3. RETURNED TO ASSEMBLY

    6/4/2026Senate

  4. PASSED SENATE

    6/4/2026Senate

  5. 3RD READING CAL.1425

    6/4/2026Senate

  6. SUBSTITUTED FOR S9902

    6/4/2026Senate

  7. REFERRED TO LOCAL GOVERNMENT

    5/4/2026Senate

  8. DELIVERED TO SENATE

    5/4/2026House

  9. PASSED ASSEMBLY

    5/4/2026House

  10. ADVANCED TO THIRD READING CAL.438

    4/30/2026House

  11. REPORTED

    4/28/2026House

  12. REPORTED REFERRED TO WAYS AND MEANS

    4/21/2026House

  13. REFERRED TO LOCAL GOVERNMENTS

    4/17/2026House

Bill Text

  • Original

    4/17/2026

    PDF

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