New York A 8606: Relates to certain bonds issued to finance school rehabilitation or reconstruction costs for Rochester schools

Bill Text

Bill Search and Legislative Information | New York State Assembly 

• 

• 

• 

• 

• 

• 

• 

• 

 Skip to main content 

 New York State Assembly

 Speaker Carl E. Heastie

 --> 
 --> 

 --> 

• 
 Assembly Members 

• 
 Legislative Info 

• 
 Public Hearings 

• 
 Speaker's Press 

• 
 Assembly Reports 

• 
 Committees & More 

• Bill Search Home
• Laws
• Legislative Calendar
• Public Hearing Schedule
• Assembly Calendars
• Assembly Committee Agenda 

 Javascript must be enabled to properly view this page. 

 - This bill is not active in this session.

 Bill No.: 

• Summary 
• Actions 
• Committee&nbspVotes 
• Floor&nbspVotes 
• Memo 
• Text 
• LFIN 
• Chamber&nbspVideo/Transcript 
A08606 Summary:

BILL NOA08606 

&nbsp

SAME ASSAME AS S08218

&nbsp

SPONSORBronson

&nbsp

COSPNSR

&nbsp

MLTSPNSR

&nbsp

Amd 3602, Ed L; amd 16, Chap 416 of 2007

&nbsp

Relates to calculation of interests costs for certain bonds issued to finance school rehabilitation or reconstruction costs for Rochester schools.

Go to top A08606 Actions:

BILL NOA08606 

&nbsp

05/22/2025referred to education

06/15/2025reference changed to ways and means

06/16/2025reported referred to rules

06/16/2025reported 

06/16/2025rules report cal.839

06/16/2025ordered to third reading rules cal.839

06/16/2025substituted by s8218

&nbspS08218 AMEND= COONEY

&nbsp05/22/2025REFERRED TO EDUCATION

&nbsp06/12/2025COMMITTEE DISCHARGED AND COMMITTED TO RULES

&nbsp06/12/2025ORDERED TO THIRD READING CAL.1918

&nbsp06/12/2025PASSED SENATE

&nbsp06/12/2025DELIVERED TO ASSEMBLY

&nbsp06/12/2025referred to education

&nbsp06/16/2025substituted for a8606

&nbsp06/16/2025ordered to third reading rules cal.839

&nbsp06/16/2025passed assembly

&nbsp06/16/2025returned to senate

&nbsp11/17/2025DELIVERED TO GOVERNOR

&nbsp11/21/2025SIGNED CHAP.567

Go to topA08606 Committee&nbspVotes:

Committee:WAYS AND MEANS Chair:Pretlow 
DATE:06/16/2025AYE/NAY:32/0 Action: Favorable refer to committee Rules PretlowAyeRaAye

GlickAyeFitzpatrickAye

ColtonAyeHawleyAye

CookAyeBlankenbushAye

BenedettoAyePalmesanoAye

WeprinAyeWalshAye

RamosAbsentDeStefanoAye

BraunsteinAyeManktelowAye

McDonaldAyeSmullenAye

RozicExcusedGiglioAye

DinowitzAye

MagnarelliAye

BronsonAye

DilanAye

SeawrightAye

HyndmanAye

WalkerAye

Bichotte HermelAye

SimonAye

CruzAye

OtisAye

SolagesAye

HunterAye

EpsteinAye

SeptimoAbsent

Committee:RULES Chair:Glick 
DATE:06/16/2025AYE/NAY:29/0 Action: Favorable HeastieExcusedBarclayAye

PretlowAyeHawleyAye

CookAyeBlankenbushAye

GlickAyeRaAye

DinowitzAyeBrabenecAye

ColtonAyePalmesanoAye

MagnarelliAyeReillyAye

PaulinAyeSmithAye

Peoples-StokesAyeJensenAye

BenedettoAye

LavineAye

LupardoAye

BraunsteinAye

DavilaAye

HyndmanAye

RozicExcused

BronsonAye

HevesiAye

HunterAye

TaylorAye

CruzAye

VanelAye

Go to topA08606 Floor&nbspVotes:

There are no Assembly votes for this bill in this legislative session.

Go to topA08606 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 8606

 2025-2026 Regular Sessions

 IN ASSEMBLY

 May 22, 2025
 ___________

 Introduced by M. of A. BRONSON -- read once and referred to the Commit-
 tee on Education

 AN ACT to amend the education law and chapter 416 of the laws of 2007
 establishing the city of Rochester and the board of education of the
 city school district of the city of Rochester school facilities
 modernization program act, in relation to certain bonds issued to
 finance school rehabilitation or reconstruction costs for Rochester
 schools

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

 1 Section 1. Item (iv) of clause (a) of subparagraph 5 of paragraph e of
 2 subdivision 6 of section 3602 of the education law, as amended by chap-
 3 ter 533 of the laws of 2014, is amended to read as follows:
 4 (iv) Notwithstanding the provisions of item (i) of this clause, where
 5 such city or city school district has entered into an agreement with the
 6 county of Monroe industrial development agency or the dormitory authori-
 7 ty of the state of New York, for projects authorized pursuant to the
 8 city of Rochester and the board of education of the city school district
 9 of the city of Rochester school facilities modernization program act, to
 10 finance [debt related to] school rehabilitation or reconstruction that
 11 is subject to subparagraph three of this paragraph, the lesser of: (A)
 12 the net interest cost, as defined by the commissioner, [that would have
 13 been] applicable to each series of bonds or bond anticipation notes
 14 issued by the county of Monroe industrial development agency [if the
 15 project had been authorized to be financed and had been financed through
 16 such entity, as certified to the commissioner by the executive director
 17 of the county of Monroe industrial development agency] or the dormitory
 18 authority of the state of New York for such purpose, without regard