A 2690: Includes intergovernmental loans as a form of state-supported debt.

  
  STATE OF NEW YORK ________________________________________________________________________ 2690 2025-2026 Regular Sessions  IN ASSEMBLY January 22, 2025 ___________ Introduced by M. of A. RA -- read once and referred to the Committee on Ways and Means AN ACT to amend the state finance law, in relation to including inter- governmental loans as a form of state-supported debt The People of the State of New York, represented in Senate and Assem- bly, do enact as follows: 1 Section 1. Subdivision 1 of section 67-a of the state finance law, as 2 added by chapter 59 of the laws of 2000, is amended to read as follows: 3 1. "State-supported debt" shall mean any intergovernmental loans, 4 bonds or notes, including bonds or notes issued to fund reserve funds 5 and costs of issuance, issued by the state or a state public corporation 6 for which the state is constitutionally obligated to pay debt service or 7 is contractually obligated to pay debt service subject to an appropri- 8 ation, except where the state has a contingent contractual obligation. 9 § 2. This act shall take effect immediately. EXPLANATION--Matter in italics (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD05915-01-5