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NY A08663

Bill

Official Source

Status

Introduced

5/23/2025

Primary Sponsor

Marcela Mitaynes

Click for details

Origin

Assembly

2025-2026 General Assembly

AI Summary

  • Increases the bonding authority of the New York City Housing Development Corporation from $19 billion to $20 billion
  • Maintains the existing cap on maximum capital reserve fund requirement at $85 million
  • Retains the requirement that bonds cannot be issued if the maximum reserve fund requirement exceeds $30 million without prior approval through concurrent resolution by the state legislature and written agreement from the governor
  • Takes effect immediately upon enactment

Legislative Description

Increases the bonding authority of the New York city housing development corporation from nineteen billion dollars to twenty billion dollars.

Last Action

substituted by s8235

6/10/2025

Committee Referrals

Rules6/6/2025
Ways and Means5/28/2025
Housing5/23/2025

Full Bill Text

No bill text available