New York Senate bill in Session 2025-2026.
Status: in_committee. Latest action: January 7, 2026.
Requires propositions authorizing creation of a state debt to contain an estimate of the debt service payable and publish an explanation thereof.
Requires that any ballot proposition creating a state debt shall contain an estimate of the amortization period and the total expected debt service payable thereon until the bonds issued pursuant to such proposition are retired; relates to deposits to the tax stabilization reserve fund; provides that at least 10% of any surplus shall be used to pay down state debt.
| Date | Event | Detail |
|---|---|---|
| 2024-12-17 | Introduced | Bill introduced |
| 2026-01-07 | Status | in_committee |
| 2026-01-07 | Latest Action | In Senate Committee |