New York S 1235: Authorizes Lois J. Reid to reapply for ordinary disability retirement benefits

Bill Text

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S01235 Summary:

BILL NOS01235A

&nbsp

SAME ASSAME AS A03224

&nbsp

SPONSORCOMRIE

&nbsp

COSPNSRWEBB

&nbsp

MLTSPNSR

&nbsp

Amd §7, NYS Med Care Fac Fin Ag Act

&nbsp

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

Go to top S01235 Actions:

BILL NOS01235A

&nbsp

01/08/2025REFERRED TO CORPORATIONS, AUTHORITIES AND COMMISSIONS

02/20/2025AMEND AND RECOMMIT TO CORPORATIONS, AUTHORITIES AND COMMISSIONS

02/20/2025PRINT NUMBER 1235A

03/04/2025COMMITTEE DISCHARGED AND COMMITTED TO RULES

03/04/2025ORDERED TO THIRD READING CAL.443

03/04/2025SUBSTITUTED BY A3224

&nbspA03224 AMEND= Braunstein

&nbsp01/23/2025referred to corporations, authorities and commissions

&nbsp01/28/2025reported referred to ways and means

&nbsp01/28/2025reported referred to rules

&nbsp01/28/2025reported 

&nbsp01/28/2025rules report cal.88

&nbsp01/28/2025ordered to third reading rules cal.88

&nbsp01/28/2025passed assembly

&nbsp01/28/2025delivered to senate

&nbsp01/28/2025REFERRED TO CORPORATIONS, AUTHORITIES AND COMMISSIONS

&nbsp03/04/2025SUBSTITUTED FOR S1235A

&nbsp03/04/20253RD READING CAL.443

&nbsp03/04/2025PASSED SENATE

&nbsp03/04/2025RETURNED TO ASSEMBLY

&nbsp03/07/2025delivered to governor

&nbsp03/07/2025signed chap.101

Go to topS01235 Committee&nbspVotes:

Go to topS01235 Floor&nbspVotes:

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

Go to topS01235 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 1235--A

 2025-2026 Regular Sessions

 IN SENATE

 January 8, 2025
 ___________

 Introduced by Sen. COMRIE -- read twice and ordered printed, and when
 printed to be committed to the Committee on Corporations, Authorities
 and Commissions -- committee discharged, bill amended, ordered
 reprinted as amended and recommitted to said committee

 AN ACT to amend the New York state medical care facilities finance agen-
 cy act, in relation to the ability to issue certain bonds and notes

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

 1 Section 1. Paragraph (b) of subdivision 1 of section 7 of section 1 of
 2 chapter 392 of the laws of 1973, constituting the New York state medical
 3 care facilities finance agency act, as amended by chapter 469 of the
 4 laws of 2023, is amended to read as follows:
 5 (b) The agency shall not issue hospital and nursing home project bonds
 6 and hospital and nursing home project notes in an aggregate principal
 7 amount exceeding [eighteen] twenty billion [two hundred million]
 8 dollars, excluding hospital and nursing home project bonds and hospital
 9 and nursing home project notes issued to refund outstanding hospital and
 10 nursing home projects bonds and hospital and nursing home project notes;
 11 provided, however, that upon any such refunding or repayment the total
 12 aggregate principal amount of outstanding bonds, notes or other obli-
 13 gations may be greater than [eighteen] twenty billion [two hundred
 14 million] dollars only if the present value of the aggregate debt service
 15 of the refunding or repayment bonds, notes or other obligations to be
 16 issued shall not exceed the present value of the aggregate debt service
 17 of the bonds, notes or other obligations so to be refunded or repaid.
 18 For purposes hereof, the present values of the aggregate debt service of
 19 the refunding or repayment bonds, notes or other obligations and of the
 20 aggregate debt service of the bonds, notes or other obligations so
 21 refunded or repaid, shall be calculated by utilizing the effective
 22 interest rate of the refunding or repayment bonds, notes or other obli-
 23 gations, which shall be that rate arrived at by doubling the semi-annual

 EXPLANATION--Matter in italics (underscored) is new; matter in brackets
 [ ] is old law to be omitted.
 LBD01483-02-5

 S. 1235--A 2

 1 interest rate (compounded semi-annually) necessary to discount the debt
 2 service payments on the refunding or repayment bonds, notes or other
 3 obligations from the payment dates thereof to the date of issue of the
 4 refunding or repayment bonds, notes or other obligations and to the
 5 p