# New York A 6763: Enacts the private activity bond allocation act of 2025 New York A 6763, Enacts the private activity bond allocation act of 2025, is a 2025-2026 Regular Session House bill sponsored by Billy Jones (Democratic); status signed, last action 2025-06-26 (SIGNED CHAP.164) (as of 2026-10-19). - Canonical: https://policyrisk.com/state-bill/NY-A6763-2025 - As of: 2026-10-19 - Plain-text twin of the page above; the HTML and this file carry the same facts. ## Facts - Bill: New York A 6763 - State: New York - Session: 2025-2026 Regular Session - Title: Enacts the private activity bond allocation act of 2025 - Status: signed - Chamber: House - Introduced: 2025-03-12 - Last action: 2025-06-26, SIGNED CHAP.164 - Sponsor: Billy Jones (Democratic) - Cosponsors: 0 - Subjects: LOCAL GOVERNMENTS, WAYS AND MEANS, RULES, LOCAL GOVERNMENT - Touches household money: no - Roll calls: 2 (207 yes, 1 no in all) - Economic provisions PRIA read: 7 ## Summary No summary available. ## Bill overview: provisions PRIA read - Bond-funded firms must consider eligible jobseekers: benefit, medium. Industrial and manufacturing firms using qualified small issue bonds must list new project-created jobs with state and local workforce centers. They must first consider eligible Workforce Innovation and Opportunity Act participants referred by those centers or the state Labor Department. Bond issue… - Most bond allocation rules end in 2028: cost, medium. The law takes effect immediately, but most covered bond allocation rules are temporary. Sections 3 through 10 and 12 through 14 expire July 1, 2028. Subdivisions 2 and 3 of section 13 expire earlier, on February 15, 2028. These dates limit how long agencies and issuers can rely on the covered rules. - New York splits tax-exempt bond capacity: mixed, medium. New York divides its yearly private activity bond limit equally among local agencies, state agencies, and a statewide reserve. This is financing capacity, not direct household payments. Economic Development manages local shares based on population; the Budget Division handles state applications and… - Housing projects get capped future financing: mixed, medium. Qualifying housing projects built over two or more years can receive bond capacity for the next two years. At least 20 percent of homes must be occupied by low-income people or families. Projects need a current-year allocation under this law or the specified federal allocation after the covered pro… - Bond issuers face reporting and carryover limits: mixed, low. Issuers must report expected year-end bond issues and unused allocations by September 1 to the commissioner or budget director. On September 15, unused local and other issuer allocations, plus unallocated state capacity, return to the statewide reserve. Issuers must promptly report later changes; o… - Earlier bond commitments retain allocation priority: mixed, low. The law preserves federal tax-law allocations made before it took effect. It sets charging rules for qualifying commitments or allocations made from January 1, 2025, through the day before it took effect. Local agency and other issuer amounts above the local set-aside are charged first to the state… - Local agencies share overlapping bond capacity: mixed, low. For overlapping county and smaller local agencies, bond capacity for the shared area is split 50/50 between the two levels. A village with its own agency gets a population-based share; the town’s share excludes that village. Agencies can surrender capacity to overlapping agencies using the commissi… ## Sponsors and cosponsors - Sponsor: Billy Jones (Democratic), House ## Roll call votes | Date | Chamber | Motion | Result | Yes | No | Other | | --- | --- | --- | --- | --- | --- | --- | | 2025-04-30 | Senate | FLOOR Vote | pass | 59 | 1 | | | 2025-03-18 | House | Assembly floor vote | pass | 148 | 0 | | ## Actions (15) - 2025-06-26: SIGNED CHAP.164 (House) - 2025-06-26: DELIVERED TO GOVERNOR (House) - 2025-04-30: RETURNED TO ASSEMBLY (Senate) - 2025-04-30: PASSED SENATE (Senate) - 2025-04-30: 3RD READING CAL.692 (Senate) - 2025-04-30: SUBSTITUTED FOR S7526 (Senate) - 2025-03-18: REFERRED TO LOCAL GOVERNMENT (Senate) - 2025-03-18: DELIVERED TO SENATE (House) - 2025-03-18: PASSED ASSEMBLY (House) - 2025-03-18: ORDERED TO THIRD READING RULES CAL.110 (House) - 2025-03-18: RULES REPORT CAL.110 (House) - 2025-03-18: REPORTED (House) - 2025-03-18: REPORTED REFERRED TO RULES (House) - 2025-03-18: REPORTED REFERRED TO WAYS AND MEANS (House) - 2025-03-12: REFERRED TO LOCAL GOVERNMENTS (House) ## Bill text - Original, 2025-03-12: [PDF](https://legislation.nysenate.gov/pdf/bills/2025/A6763) ## Related bills - S 10643: Relates to labor peace agreements and the cannabis industry wage board; repealer (signed) - S 9051: Prohibits artificial intelligence companions from using features which are considered unsafe for minors (signed) - A 5175: Requires certain security features and warning labels on baby monitors (signed) - A 11443: Relates to commercial food fish licenses (signed) - A 10343: Relates to fees and expenses in unemployment insurance proceedings; extending effectiveness (signed) - A 10052: Extends the effectiveness of the authority of the town of Red Hook to impose real estate transfer taxes and to deposit revenue from such taxes into a community… (signed) ## Sources - [Original (PDF)](https://legislation.nysenate.gov/pdf/bills/2025/A6763) ## Related - [S 10643: Relates to labor peace agreements and the cannabis industry wage board; repealer](https://policyrisk.com/state-bill/NY-S10643-2025) - [S 9051: Prohibits artificial intelligence companions from using features which are cons…](https://policyrisk.com/state-bill/NY-S9051-2025) - [A 5175: Requires certain security features and warning labels on baby monitors](https://policyrisk.com/state-bill/NY-A5175-2025) - [A 11443: Relates to commercial food fish licenses](https://policyrisk.com/state-bill/NY-A11443-2025) - [A 10343: Relates to fees and expenses in unemployment insurance proceedings; extending e…](https://policyrisk.com/state-bill/NY-A10343-2025) - [A 10052: Extends the effectiveness of the authority of the town of Red Hook to impose re…](https://policyrisk.com/state-bill/NY-A10052-2025) - [New York bills](https://policyrisk.com/states/new-york/bills) - [New York state hub](https://policyrisk.com/states/new-york) - [All state legislation](https://policyrisk.com/state-bills) Source: PRIA, https://policyrisk.com/state-bill/NY-A6763-2025 (as of 2026-10-19).