Relates to the ability to issue certain bonds and notes
This bill increases the total bond and note issuance limit for New York's Medical Care Facilities Finance Agency from $18.2 billion to $20.2 billion, allowing an additional $1.8 billion in financing. It directly affects hospitals and nursing homes seeking capital projects by expanding the agency's ability to fund new construction, renovations, or equipment through bond sales. Key provisions include maintaining debt service limits during bond refunding and requiring sufficient capital reserves before issuing new bonds secured by those reserves. The change is a straightforward financial adjustment to support healthcare facility development without altering program eligibility or new service requirements.
Bill status
signed
all 5 stages cleared
Introduction
Jan 2025
Committee Review
Jan 2025
Assembly Passage
Jan 2025
Senate Passage
Mar 2025
Signed into Law
Mar 2025
Introduced Jan 23, 2025
Signed Mar 7, 2025
Floor votes · Senate Mar 4, 2025 · Assembly Jan 28, 2025
How they voted
61–0
Passed · 2 other
Total votes 63
Mar 4, 2025
D
Democratic41
95% Yea
R
Republican22
100% Yea
Vote distribution
All Yea
All Nay
Mixed
No data
Full legislative history
Actions timeline
Total actions
15
Key actions
3
Committee
4
Mar 7, 2025
Signed into law
SIGNED CHAP.101
lower
Mar 4, 2025
Upper · Passed
PASSED SENATE
upper
Jan 28, 2025
Committee
REFERRED TO CORPORATIONS, AUTHORITIES AND COMMISSIONS
upper
Jan 28, 2025
Lower · Passed
PASSED ASSEMBLY
lower
Jan 28, 2025
Committee
REPORTED REFERRED TO RULES
lower
Jan 28, 2025
Committee
REPORTED REFERRED TO WAYS AND MEANS
lower
Jan 23, 2025
Committee
REFERRED TO CORPORATIONS, AUTHORITIES AND COMMISSIONS
lower
1 primary · 0 co-sponsors
Sponsors
Role
Legislator
Party
State
District
P
Ed Braunstein
DDemocratic
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