S 273 NY

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Passed One Chamber

Permanently requires that the first installment of serial bonds mature not later than two years after the date of such bonds; provides that principal installments remaining unpaid on bonds may be called for redemption prior to their date of maturity in such amounts, at such times in such manner and pursuant to such terms as may be determined by the finance board of a municipality, school district or corporation at the time of the issuance thereof; repeals provisions that permanently eliminate the requirement that municipalities provide from current funds an amount equal to at least 5% of the estimated cost of each capital improvement (excluding from such cost state or federal grant funding and certain benefited area assessments) prior to the issuance of bonds or bond anticipation notes to finance such capital improvement.

• Monica Martinez Democratic · primary

1. Jan 8, 2025 REFERRED TO LOCAL GOVERNMENT · upper
2. Apr 29, 2025 REPORTED AND COMMITTED TO FINANCE · upper
3. Jun 9, 2025 COMMITTEE DISCHARGED AND COMMITTED TO RULES · upper
4. Jun 9, 2025 ORDERED TO THIRD READING CAL.1597 · upper
5. Jun 10, 2025 PASSED SENATE · upper
6. Jun 10, 2025 DELIVERED TO ASSEMBLY · upper
7. Jun 10, 2025 REFERRED TO LOCAL GOVERNMENTS · lower
8. Jan 7, 2026 DIED IN ASSEMBLY · lower
9. Jan 7, 2026 RETURNED TO SENATE · lower
10. Jan 7, 2026 REFERRED TO LOCAL GOVERNMENT · upper
11. Jan 28, 2026 REPORTED AND COMMITTED TO FINANCE · upper

The published texts of this bill as it moves through the legislature. Each links to the official document on the state legislature site. Data from OpenStates.

• S273 · HTML
• S273 · PDF