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NY A10673

Bill

Official Source

Status

Introduced

5/10/2018

Primary Sponsor

Amy Paulin

Click for details

Origin

Assembly

2017-2018 General Assembly

AI Summary

  • Increases the aggregate principal amount limit for hospital and nursing home project bonds and notes from $15.8 billion to $16.6 billion
  • Maintains existing refunding provisions allowing the total outstanding bonds and notes to exceed the limit if the present value of debt service on refunding obligations does not exceed the present value of the obligations being refunded
  • Preserves the requirement that the agency maintain adequate reserves in the hospital and nursing home capital reserve fund when issuing bonds secured by that fund
  • Takes effect immediately upon enactment

Legislative Description

Increases to the ability of the New York state medical care facilities finance agency to issue certain bonds and notes.

Last Action

substituted by s8648

6/19/2018

Committee Referrals

Ways and Means5/14/2018
Corporations, Authorities and Commissions5/10/2018

Full Bill Text

No bill text available