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New YorkA 82772025-2026 Regular SessionHouseWALLET

Extends the open auction bond sale pilot program

Sponsored By: Billy Jones (Democratic)

Signed by Governor

LOCAL GOVERNMENTSWAYS AND MEANSRULESLOCAL GOVERNMENT

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Bill Overview

Analyzed Economic Effects

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

Local governments get longer bond auction pilot

The law gives participating New York local governments two more years to use the electronic open auction bond sale pilot. The pilot now expires eight years, rather than six years, after the pilot act’s effective date. Its provisions are repealed when it expires. The law contains conflicting start dates: immediately and January 1 following the date it becomes law. Household effects are indirect through local borrowing; the law makes no direct changes to household taxes or benefits.

Sponsors & Cosponsors

Sponsor

  • Billy Jones

    Democratic • House

Cosponsors

There are no cosponsors for this bill.

Roll Call Votes

All Roll Calls

Yes: 202 • No: 0

Senate vote • 6/10/2025

FLOOR Vote

Yes: 58 • No: 0

House vote • 5/29/2025

Assembly floor vote

Yes: 144 • No: 0

Actions Timeline

  1. SIGNED CHAP.240

    8/7/2025House

  2. DELIVERED TO GOVERNOR

    8/4/2025House

  3. RETURNED TO ASSEMBLY

    6/10/2025Senate

  4. PASSED SENATE

    6/10/2025Senate

  5. 3RD READING CAL.1592

    6/10/2025Senate

  6. SUBSTITUTED FOR S8316

    6/10/2025Senate

  7. REFERRED TO LOCAL GOVERNMENT

    5/29/2025Senate

  8. DELIVERED TO SENATE

    5/29/2025House

  9. PASSED ASSEMBLY

    5/29/2025House

  10. ORDERED TO THIRD READING RULES CAL.355

    5/29/2025House

  11. RULES REPORT CAL.355

    5/29/2025House

  12. REPORTED

    5/29/2025House

  13. REPORTED REFERRED TO RULES

    5/27/2025House

  14. REPORTED REFERRED TO WAYS AND MEANS

    5/13/2025House

  15. REFERRED TO LOCAL GOVERNMENTS

    5/8/2025House

Bill Text

  • Original

    5/8/2025

    PDF

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