All Roll Calls
Yes: 210 • No: 0
New YorkA 58332025-2026 Regular SessionHouseWALLET
Authorizes the state comptroller to refund all or any part of bonds
Sponsored By: J. Gary Pretlow (Democratic)
Signed by Governor
WAYS AND MEANSRULES
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Bill Overview
Analyzed Economic Effects
1 provisions identified: 1 benefits, 0 costs, 0 mixed.
New York gains more bond repayment flexibility
Effective immediately, New York's Comptroller can reserve early repayment or refinancing rights when issuing and selling state bonds. These rights can cover all or part of the bonds, on terms the Comptroller considers proper. The Comptroller must find early repayment or refinancing benefits the State. The law removes the former limit of 3% above the bonds' face value. Any household savings depend on changes in state borrowing costs.
Sponsors & Cosponsors
Sponsor
J. Gary Pretlow
Democratic • House
Cosponsors
There are no cosponsors for this bill.
Roll Call Votes
House vote • 3/4/2025
Assembly floor vote
Yes: 149 • No: 0
Senate vote • 3/4/2025
FLOOR Vote
Yes: 61 • No: 0
Actions Timeline
SIGNED CHAP.102
3/7/2025HouseDELIVERED TO GOVERNOR
3/7/2025HouseRETURNED TO ASSEMBLY
3/4/2025SenatePASSED SENATE
3/4/2025Senate3RD READING CAL.448
3/4/2025SenateSUBSTITUTED FOR S5442
3/4/2025SenateREFERRED TO RULES
3/4/2025SenateDELIVERED TO SENATE
3/4/2025HousePASSED ASSEMBLY
3/4/2025HouseADVANCED TO THIRD READING CAL.45
2/27/2025HouseREPORTED
2/25/2025HouseREFERRED TO WAYS AND MEANS
2/20/2025House
Bill Text
Original
2/20/2025
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