Shown verbatim: the complete text as captured from the official source posted by the New York State Senate, fetched 2026-08-11. Nothing is edited or removed. Where this bill amends existing law, language marked for deletion in the official source appears here in brackets. The official bill page.
S T A T E O F N E W Y O R K
________________________________________________________________________
420
2025-2026 Regular Sessions
I N A S S E M B L Y
(PREFILED)
January 8, 2025
___________
Introduced by M. of A. ROSENTHAL -- (at request of the New York State
Homes and Community Renewal) -- read once and referred to the Commit-
tee on Housing
AN ACT to amend the private housing finance law, in relation to increas-
ing the New York state housing finance agency bonding authority
THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:
Section 1. Paragraph (c) of subdivision 1 of section 47 of the private
housing finance law, as amended by chapter 479 of the laws of 2022, is
amended to read as follows:
(c) The agency shall not issue bonds and notes other than state
university construction bonds and state university construction notes,
hospital and nursing home project bonds and hospital and nursing home
project notes, health facilities bonds and health facilities notes,
youth facilities project bonds and youth facilities project notes,
community mental health services and developmental disabilities services
project bonds and community mental health services and developmental
disabilities services project notes, community senior citizens services
project notes or community senior citizens services project bonds and
mental hygiene improvement bonds and mental hygiene improvement notes
and bonds and notes for the housing program for any of its corporate
purposes in an aggregate principal amount exceeding [thirty-one] THIR-
TY-SIX billion two hundred eighty million dollars, excluding bonds and
notes issued to refund outstanding bonds and notes.
§ 2. This act shall take effect immediately.
EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD00601-01-5Every fact on this page links to its source, starting with the official bill record.