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New YorkA 113582025-2026 Regular SessionHouse

Extends provisions of law relating to temporary investments by local governments

Sponsored By: Philip Ramos (Democratic)

Signed by Governor

CITIESWAYS AND MEANSRULES

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Bill Overview

Analyzed Economic Effects

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

Local government investment rules extended to 2029

The law keeps current temporary investment rules for New York local governments in place until July 1, 2029. Investments bought before the law expires stay under the same rules as before. The law takes effect right away. If it became law after July 1, 2026, it still applies as of July 1, 2026 to avoid any gap.

Sponsors & Cosponsors

Sponsor

  • Philip Ramos

    Democratic • House

Cosponsors

There are no cosponsors for this bill.

Roll Call Votes

All Roll Calls

Yes: 188 • No: 0

Senate vote • 6/4/2026

FLOOR Vote

Yes: 60 • No: 0

House vote • 5/29/2026

Assembly floor vote

Yes: 128 • No: 0

Actions Timeline

  1. SIGNED CHAP.148

    6/26/2026House

  2. DELIVERED TO GOVERNOR

    6/18/2026House

  3. RETURNED TO ASSEMBLY

    6/4/2026Senate

  4. PASSED SENATE

    6/4/2026Senate

  5. 3RD READING CAL.1436

    6/4/2026Senate

  6. SUBSTITUTED FOR S10432

    6/4/2026Senate

  7. REFERRED TO RULES

    5/29/2026Senate

  8. DELIVERED TO SENATE

    5/29/2026House

  9. PASSED ASSEMBLY

    5/29/2026House

  10. ORDERED TO THIRD READING RULES CAL.251

    5/28/2026House

  11. RULES REPORT CAL.251

    5/28/2026House

  12. REPORTED

    5/28/2026House

  13. REPORTED REFERRED TO RULES

    5/28/2026House

  14. REPORTED REFERRED TO WAYS AND MEANS

    5/21/2026House

  15. REFERRED TO CITIES

    5/13/2026House

Bill Text

  • Original

    5/13/2026

    PDF

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