New York S 900: Relates to the delivery of the good faith deposit following award of the bonds to the successful bidder

Status: REFERRED TO LOCAL GOVERNMENTS (as of 2026-03-25)
State: New York · Session: 2025-2026 · Bill: S 900
Sponsors: Monica Martinez
Bill Text

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S00900 Summary:

BILL NOS00900 

&nbsp

SAME ASSAME AS A09534

&nbsp

SPONSORMARTINEZ

&nbsp

COSPNSR

&nbsp

MLTSPNSR

&nbsp

Amd &sect;58.00, Loc Fin L

&nbsp

Relates to the delivery of the good faith deposit following award of the bonds to the successful bidder; provides that a municipality, school district or district corporation may require that such deposit be made as a condition precedent to the consideration of a bid for the bonds.

Go to top S00900 Actions:

BILL NOS00900 

&nbsp

01/08/2025REFERRED TO LOCAL GOVERNMENT

02/25/2025REPORTED AND COMMITTED TO FINANCE

01/07/2026REFERRED TO LOCAL GOVERNMENT

03/10/20261ST REPORT CAL.497

03/11/20262ND REPORT CAL.

03/12/2026ADVANCED TO THIRD READING 

03/25/2026PASSED SENATE

03/25/2026DELIVERED TO ASSEMBLY

03/25/2026referred to local governments

06/01/2026substituted for a9534

06/01/2026ordered to third reading rules cal.307

06/01/2026passed assembly

06/01/2026returned to senate

Go to topS00900 Committee&nbspVotes:

Go to topS00900 Floor&nbspVotes:

DATE:06/01/2026Assembly Vote YEA/NAY: 138/0Yes 

Alvarez 

Yes 

Carroll P 

Yes 

Friend 

Yes 

Lemondes 

Yes 

Pheffer Amato 

Yes 

Slater 

Yes 

Anderson 

Yes 

Carroll RC 

Yes 

Gallagher 

Yes 

Levenberg 

Yes 

Pirozzolo 

Yes 

Smith 

Yes 

Angelino 

Yes 

Cashman 

Yes 

Gallahan 

Yes 

Lucas 

Yes 

Powers 

Yes 

Smullen 

Yes 

Bailey 

ER 

Chandler-Waterm 

Yes 

Gandolfo 

Yes 

Lunsford 

Yes 

Pretlow 

Yes 

Solages 

Yes 

Barclay 

Yes 

Chang 

Yes 

Gibbs 

Yes 

Lupardo 

Yes 

Ra 

Yes 

Steck 

Yes 

Barrett 

Yes 

Chludzinski 

Yes 

Giglio 

Yes 

Magnarelli 

ER 

Raga 

Yes 

Stern 

Yes 

Beephan 

Yes 

Clark 

Yes 

Glick 

ER 

Maher 

Yes 

Rajkumar 

Yes 

Stirpe 

Yes 

Bendett 

Yes 

Colton 

Yes 

Gonzalez-Rojas 

Yes 

Manktelow 

Yes 

Ramos 

Yes 

Tague 

Yes 

Benedetto 

Yes 

Conrad 

Yes 

Gray 

Yes 

McDonald 

Yes 

Reilly 

Yes 

Tannousis 

Yes 

Berger 

ER 

Cook 

Yes 

Griffin 

ER 

McDonough 

Yes 

Reyes 

Yes 

Tapia 

Yes 

Bichotte Hermel 

Yes 

Cruz 

Yes 

Hawley 

Yes 

McMahon 

Yes 

Rivera 

Yes 

Taylor 

Yes 

Blankenbush 

Yes 

Cunningham 

Yes 

Hevesi 

ER 

Meeks 

Yes 

Romero 

Yes 

Torres 

Yes 

Blumencranz 

Yes 

Dais 

Yes 

Hooks 

Yes &#8225

Mikulin 

Yes 

Rosenthal 

ER 

Valdez 

Yes 

Bologna 

Yes 

Davila 

Yes 

Hunter 

Yes 

Miller 

Yes 

Rozic 

Yes 

Vanel 

ER 

Bores 

Yes 

De Los Santos 

Yes 

Hyndman 

Yes 

Mitaynes 

Yes 

Santabarbara 

Yes 

Walker 

Yes 

Brabenec 

Yes 

DeStefano 

Yes 

Jackson 

Yes 

Molitor 

Yes 

Sayegh 

Yes 

Walsh 

Yes 

Braunstein 

ER 

Dilan 

Yes 

Jacobson 

ER 

Moreno 

Yes 

Schiavoni 

Yes 

Weprin 

Yes 

Bronson 

Yes 

Dinowitz 

Yes 

Jensen 

Yes 

Morinello 

Yes 

Seawright 

Yes 

Wieder 

Yes 

Brook-Krasny 

Yes &#8225

DiPietro 

Yes 

Kassay 

Yes 

Norber 

Yes 

Sempolinski 

Yes 

Williams 

Yes 

Brown EA 

Yes 

Durso 

Yes 

Kay 

Yes 

Novakhov 

Yes 

Septimo 

Yes 

Woerner 

Yes 

Brown K 

Yes 

Eachus 

Yes 

Kelles 

Yes 

O'Pharrow 

Yes 

Shimsky 

Yes 

Wright 

Yes 

Burdick 

Yes 

Eichenstein 

Yes 

Kim 

Yes 

Otis 

Yes 

Shrestha 

Yes 

Yeger 

Yes &#8225

Burke 

Yes 

Fall 

ER 

Lasher 

Yes 

Palmesano 

Yes 

Simon 

Yes 

Zaccaro 

Yes 

Burroughs 

Yes 

Fitzpatrick 

Yes 

Lavine 

Yes 

Paulin 

Yes 

Simone 

Yes 

Zinerman 

Yes 

Buttenschon 

Yes &#8225

Forrest 

Yes &#8225

Lee 

Yes 

Peoples-Stokes 

Yes 

Simpson 

ER 

Mr. Speaker 

 &#8225 Indicates voting via videoconference 

Go to topS00900 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 900

 2025-2026 Regular Sessions

 IN SENATE

 (Prefiled)

 January 8, 2025
 ___________

 Introduced by Sen. MARTINEZ -- read twice and ordered printed, and when
 printed to be committed to the Committee on Local Government

 AN ACT to amend the local finance law, in relation to the delivery of
 the good faith deposit following award of the bonds to the successful
 bidder

 The People of the State of New York, represented in Senate and Assem-
 bly, do enact as follows:

 1 Section 1. Subdivision 3 of paragraph c of section 58.00 of the local
 2 finance law, as amended by chapter 416 of the laws of 2012, is amended
 3 to read as follows:
 4 3. A requirement that [
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