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NY A02562
Bill
Status
1/17/2025
Primary Sponsor
Edward Ra
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AI Summary
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Requires all state agencies and state/local public authorities to submit annual reports to the Governor and legislative finance committee leaders starting January 1, 2025
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Mandates reports include outstanding total debt, total annual debt service, annual debt issuance, and annual debt to be retired for each entity
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Amends the State Finance Law by adding new section 19-b to establish these reporting requirements
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Reports must be submitted to the chairs and ranking minority members of the Senate Finance Committee and Assembly Ways and Means Committee
Legislative Description
Requires state agencies, public authorities and public benefit corporations to provide annual reports including information on outstanding total debt for each entity, total annual debt service for each entity, annual debt issuance for each entity, and annual debt to be retired for each entity.
Last Action
referred to governmental operations
1/7/2026