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New York · 2025 Regular Session · Bill

S 273: Relates to installments of bonds; repealer

Passed one chamber Official data

  1. Introduced
  2. In committee
  3. Passed one chamber
  4. Passed both chambers
  5. Enacted

Last official action: ·Record last updated:

Plain-language summary

S 273 is a bill introduced in the New York Senate on January 8, 2025. According to its official title, it concerns: Relates to installments of bonds; repealer. Primary sponsor: Monica Martinez (Democratic/Working Families). Most recent recorded action (January 28, 2026): REPORTED AND COMMITTED TO FINANCE.

Generated automatically from the official title, sponsor list, and status record only. It does not characterize the bill’s purpose or effects. How summaries are written

Official summary

Abstract published by the legislature (via Open States). Text as published by the legislature; reproduced verbatim.

Permanently requires that the first installment of serial bonds mature not later than two years after the date of such bonds; provides that principal installments remaining unpaid on bonds may be called for redemption prior to their date of maturity in such amounts, at such times in such manner and pursuant to such terms as may be determined by the finance board of a municipality, school district or corporation at the time of the issuance thereof; repeals provisions that permanently eliminate the requirement that municipalities provide from current funds an amount equal to at least 5% of the estimated cost of each capital improvement (excluding from such cost state or federal grant funding and certain benefited area assessments) prior to the issuance of bonds or bond anticipation notes to finance such capital improvement.

Sponsors

Sponsors by party (alphabetical): Democratic/Working Families 1

NameRolePartyChamberDistrict
Monica MartinezPrimary sponsorDemocratic/Working FamiliesSenate4

“Support” is shown only as formal sponsorship recorded by the legislature. Roll-call votes are available on the official bill page.

Recent official actions

  1. REPORTED AND COMMITTED TO FINANCE
  2. REFERRED TO LOCAL GOVERNMENT
  3. RETURNED TO SENATE
  4. DIED IN ASSEMBLY
  5. REFERRED TO LOCAL GOVERNMENTS
  6. DELIVERED TO ASSEMBLY
  7. PASSED SENATE
  8. ORDERED TO THIRD READING CAL.1597
  9. COMMITTEE DISCHARGED AND COMMITTED TO RULES
  10. REPORTED AND COMMITTED TO FINANCE
  11. REFERRED TO LOCAL GOVERNMENT

Sources

  1. Open States / Plural (data from the official legislature website)
  2. Official legislature source