New York 2025-2026 Regular Session

New York Assembly Bill A03224

Introduced
1/23/25  
Refer
1/23/25  
Report Pass
1/28/25  
Refer
1/28/25  
Report Pass
1/28/25  
Refer
1/28/25  
Report Pass
1/28/25  
Engrossed
1/28/25  
Refer
1/28/25  
Engrossed
3/4/25  
Enrolled
3/7/25  
Chaptered
3/7/25  

Caption

Allows the New York state medical care facilities finance agency to issue one billion eight hundred thousand dollars more of certain bonds and notes.

Summary

Bill A03224 amends the New York State Medical Care Facilities Finance Agency Act to increase the limit on the issuance of hospital and nursing home project bonds and notes from $18.2 billion to $20 billion. This change allows the agency to issue an additional $1.8 billion in bonds and notes, which can be used to finance healthcare facilities and projects across the state. The bill also includes provisions for refunding outstanding bonds, ensuring that any new debt service does not exceed the present value of the debt being refunded.

Impact

The passage of this bill will enable the New York State Medical Care Facilities Finance Agency to have greater financial flexibility in funding healthcare projects. By increasing the bond limit, the agency can support more extensive healthcare infrastructure improvements, which may lead to enhanced medical services and facilities for residents. This change will also impact the financial management of existing bonds, allowing for more strategic refinancing options.

Sentiment

The sentiment surrounding Bill A03224 has been overwhelmingly positive, with all committee votes and the final passage in both the Assembly and Senate reflecting strong support. The bill received no opposition during committee discussions or floor votes, indicating a consensus on the importance of enhancing healthcare financing in New York.

Contention

There were no notable points of contention regarding Bill A03224 during the discussions or voting process. The unanimous support across various committees and the final votes suggests that stakeholders, including legislators and healthcare advocates, are aligned on the need for increased funding capacity for healthcare facilities.

Companion Bills

NY S01235

Same As Allows the New York state medical care facilities finance agency to issue one billion eight hundred thousand dollars more of certain bonds and notes.

Previously Filed As

NY S01235

Allows the New York state medical care facilities finance agency to issue one billion eight hundred thousand dollars more of certain bonds and notes.

NY A11559

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

NY S10442

Increases the maximum aggregate principal amount of the outstanding notes and bonds of the New York city housing development corporation from twenty billion dollars to twenty-two billion dollars.

NY S2813

Submits the state's 2026 capital development program requesting the issuance of general obligation bonds totaling one hundred million dollars ($100,000,000) for approval of the electorate at the general election to be held in November, 2026.

NY H8354

Authorizes the State of Rhode Island to issue up to eighteen million dollars ($18,000,000) in general obligation bonds, subject to voter approval, to support the Roger Williams Park Zoo.

NY S3213

Authorizes the State of Rhode Island to issue up to eighteen million dollars ($18,000,000) in general obligation bonds, subject to voter approval, to support the Roger Williams Park Zoo.

NY S10431

Extends certain provisions relating to the sale of bonds and notes of the city of New York, the issuance of bonds or notes with variable rates of interest, interest rate exchange agreements of the city of New York, the refunding of bonds, and the down payment for projects financed by bonds; extends the New York state financial emergency act for the city of New York; makes further amendments relating to the effectiveness thereof.

NY S08245

Extends certain provisions relating to the sale of bonds and notes of the city of New York, the issuance of bonds or notes with variable rates of interest, interest rate exchange agreements of the city of New York, the refunding of bonds, and the down payment for projects financed by bonds; extends the New York state financial emergency act for the city of New York; makes further amendments relating to the effectiveness thereof.

NY A08416

Extends certain provisions relating to the sale of bonds and notes of the city of New York, the issuance of bonds or notes with variable rates of interest, interest rate exchange agreements of the city of New York, the refunding of bonds, and the down payment for projects financed by bonds; extends the New York state financial emergency act for the city of New York; makes further amendments relating to the effectiveness thereof.

NY A10922

Extends certain provisions relating to the sale of bonds and notes of the city of New York, the issuance of bonds or notes with variable rates of interest, interest rate exchange agreements of the city of New York, the refunding of bonds, and the down payment for projects financed by bonds; extends the New York state financial emergency act for the city of New York; makes further amendments relating to the effectiveness thereof.

Similar Bills

No similar bills found.