New YorkA 58332025-2026 Regular SessionHouseWALLET

Authorizes the state comptroller to refund all or any part of bonds

Sponsored By: J. Gary Pretlow (Democratic)

Became Law

WAYS AND MEANSRULES

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Bill Overview

Analyzed Economic Effects

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

New terms for New York bond investors

The law lets New York’s Comptroller set early redemption rights when selling new state bonds. This removes the old 3% cap on any premium above par. If you own these bonds, the state may call them early under the written terms. The Comptroller sets those conditions when the bonds are issued. It takes effect immediately.

Sponsors & Cosponsors

Sponsor

J. Gary Pretlow
Democratic • House

Cosponsors

There are no cosponsors for this bill.

Roll Call Votes

All Roll Calls

Yes: 61 • No: 0

House vote • 3/4/2025

FLOOR Vote