NY A06763

Establishes the "Private Activity Bond Allocation Act of 2025" to create an alternative formula for allocating the state's federal tax-exempt private activity bond volume ceiling among state and local issuers

Divides the statewide ceiling into three equal parts: one-third for local agencies (allocated proportionally by population), one-third for state agencies, and one-third for a statewide bond reserve

Requires new employment opportunities from projects financed through qualified small issue bonds to be listed with the NYS Department of Labor and one-stop career centers, with priority consideration for Workforce Innovation and Opportunity Act participants

Creates a New York State Bond Allocation Policy Advisory Panel with five members appointed by the Governor and legislative leaders to provide policy guidance on distribution priorities

Sets aggregate future allocations for multi-year housing development projects at a maximum of $650 million per year for each of the two succeeding years, with provisions expiring July 1, 2028