S 8839 New York Senate · 2025 Regular Session

Authorizes the dormitory authority to provide financing to The New York Climate Exchange Inc. for the construction of facilities on Governor's Island

This bill authorizes New York's Dormitory Authority to provide financing for The New York Climate Exchange Inc. to construct facilities. It amends the Public Authorities Law to explicitly allow the Dormitory Authority to fund this specific project. The law change directly enables the Climate Exchange Inc. to access state financing for its facility construction, without specifying loan terms or amounts. The bill is a straightforward financing authorization with no additional policy provisions.

Issues: ✓ Energy ✓ Environment

Bill status in committee 1 of 4 stages cleared

Introduction

Jan 2026

Committee Review

Floor Vote

Governor

Introduced Jan 8, 2026 Last action Jun 4, 2026

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What changed between versions

S8839 → S8839A · 4 edits

MODERATE

The bill was amended to add two new sponsors, expand the legislative process to include committee reporting and multiple readings, and clarify the specific purpose of the financing. The primary policy change restricts the Dormitory Authority's financing to The New York Climate Exchange Inc. specifically for constructing facilities on Governor's Island, ensuring the funds are used for this designated location.

Scope change

The bill's scope was narrowed by explicitly limiting the authorized financing to projects on Governor's Island, rather than allowing broader construction projects.

ELIGIBILITY

Added two new sponsors (Senators Kavanagh and Palumbo) to the bill's introduction.

REQUIREMENT

Updated the legislative process to include favorable committee reporting, ordering to first and second reports, and a third reading before final passage.

SCOPE

Clarified that the financing authorization is strictly for constructing facilities on Governor's Island.

Updated the bill number from S 8839 to S 8839-A to reflect the amendment.

Floor votes

How they voted

No floor votes recorded yet.

Full legislative history

Actions timeline

Total actions

Key actions

Committee

Amendments

Apr 22, 2026

Upper · Passed

AMENDED ON THIRD READING (T) 8839A

upper

Jan 8, 2026

Committee

REFERRED TO CORPORATIONS, AUTHORITIES AND COMMISSIONS

upper

1 primary · 2 co-sponsors