NY S07526

Establishes the "private activity bond allocation act of 2025" to create an alternative formula for allocating the statewide ceiling on tax-exempt private activity bonds as permitted under federal law

Divides the statewide bond volume ceiling into three equal parts: one-third for local agencies (industrial development agencies) allocated based on 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 five-member New York State Bond Allocation Policy Advisory Panel with appointees from the Governor and legislative leaders to provide policy advice on distribution priorities and monitor the allocation process

Sets provisions expiring July 1, 2028, with carryforward election procedures expiring February 15, 2028, and caps future allocations for multi-year housing development projects at $650 million per year for each of two succeeding years