New York Extends NYC Bond Authorities and Financial Emergency Act Protections Through 2027

Original title: Extends certain provisions relating to the sale, issuance and refund of bonds and notes of New York city

Last action · June 26, 2026: SIGNED CHAP.144Sponsor: Pat Burke

Companion · S 10431same policy, Senate version

Bill progressHistory & official text ↓

Introduced

Committee

Floor Vote

Passed

Law

Track this bill to get notified when it advances a stage. One tap to stop, anytime.

What This Bill Does

The state extends various municipal finance authorities for New York City—including variable-rate bonds, private bond sales, , and bond refunding provisions—through July 1, 2027. It also extends the New York State Financial Emergency Act state pledge and agreement through the same date.

Why it matters

Extends New York City's legal capacity to issue specialized debt instruments, execute variable-rate bond transactions, and maintain state financial oversight assurances for bondholders through mid-2027.

Who It Affects

Groups the bill's text affects, as described in the record. Being affected is not a position for or against it.

Directly affected

City of New York

The city retains its statutory authority to issue variable-rate bonds, execute private bond sales, refund debt, and provide state financial emergency pledges through July 2027.

Directly affected

Holders and guarantors of New York City notes or bonds

Bondholders receive an extended state pledge and agreement that the state will not impair specific financial control board powers or debt service funds while notes or bonds issued before July 1, 2027, remain outstanding.

Key Facts

You don't have to trust us. Each fact below is taken straight from the official document - click any one to see the exact passage, highlighted in the original.

Frequently Asked Questions

What expiration dates are extended by this legislation?

The legislation extends various municipal bonding authorities and financial emergency act provisions for New York City from 2026 to 2027.

Does this bill affect New York City's ability to issue variable-rate bonds?

Yes, it extends the city's authority to issue variable-rate bonds and notes through July 15, 2027.

What else do you want to know?

News Coverage

No news coverage found yet. Articles are indexed twice daily.

Follow the record

Votes, people, money & the original source

Where This Stands

Current status: Signed into law.

Procedural history

13 actions

Jun 26, 2026HouseEnrolled
SIGNED CHAP.144
Jun 18, 2026HouseEnrolled
DELIVERED TO GOVERNOR
Jun 4, 2026Senate
RETURNED TO ASSEMBLY
Jun 4, 2026SenateFloor
PASSED SENATE
Jun 4, 2026Senate
3RD READING CAL.1435
Jun 4, 2026Senate
SUBSTITUTED FOR S10431

Show 7 earlier actions

May 4, 2026SenateCommittee
REFERRED TO CITIES 1
May 4, 2026House
DELIVERED TO SENATE
May 4, 2026HouseFloor
PASSED ASSEMBLY
Apr 30, 2026House
ADVANCED TO THIRD READING CAL.435
Apr 28, 2026House
REPORTED
Apr 21, 2026HouseCommittee
REPORTED REFERRED TO WAYS AND MEANS
Apr 9, 2026HouseCommittee
REFERRED TO CITIES

Version history

Only one version on file - nothing to compare yet. As later stages (committee substitute, engrossed, enrolled) are captured, the redline appears here.

View official text →