New YorkLaw sets local debt-refinancing rules to expire in 2029
A provision governing local governments that replace older bonds takes effect immediately and is scheduled to expire on September 30, 2029.
What it does
A provision governing local governments’ replacement of older bonds takes effect immediately and is scheduled to expire September 30, 2029.
Argument forLocal governments may have more time to replace older bonds under the provision before its scheduled expiration.
Argument againstLocal governments may need another law after September 30, 2029, if they still need this bond-refinancing provision.
More detail
The law sets the covered local-finance provision to expire and be repealed. The provision concerns local governments that use refunding bonds, which replace older bonds. The provision takes effect immediately and expires and is deemed repealed on September 30, 2029.
Where do you stand?
Choose your position
Tell your reps
Take a position to see your representatives and ways to contact them.
Where it stands
- Introduced
- Passed 1st Chamber
- Passed 2nd Chamber
- To Governor
- Became Law
Looking ahead
No hearings or votes scheduled.
History
- 2026
- Aug 28SIGNED CHAP.274Became Law
- Aug 21DELIVERED TO GOVERNORTo Governor
- Jun 4RETURNED TO ASSEMBLY
- Vote recorded Floor Vote. Result: pass.Upper
- Jun 4PASSED SENATEPassed 2nd Chamber
- Jun 43RD READING CAL.1425
- Jun 4SUBSTITUTED FOR S9902
- May 4REFERRED TO LOCAL GOVERNMENTMinor
- Vote recorded Assembly Vote. Result: pass.Lower
- May 4DELIVERED TO SENATE
- May 4PASSED ASSEMBLYPassed 1st Chamber
- Apr 30ADVANCED TO THIRD READING CAL.438
- Apr 28REPORTED
- Apr 21REPORTED REFERRED TO WAYS AND MEANSMinor
- Apr 17REFERRED TO LOCAL GOVERNMENTSIntroduced
Taxes & Budget