Senate BillIntroduced
S 8316: Extends the open auction bond sale pilot program.
What S 8316 does, verified September 28, 2025
The bill aims to amend the local finance law to establish an electronic open auction bond sale pilot program. The program is designed to improve the effectiveness of the bond sale process. The changes to the law will take effect immediately, and the provisions will be repealed six or eight years after the effective date. This allows for a trial period to assess the impact of the electronic open auction system on the bond sale process.
Bill journey
1IntroducedCurrent
2In CommitteePending
3First Chamber FloorPending
4Second ChamberPending
5GovernorPending
6ChapteredPending
Last action: SUBSTITUTED BY A8277 (2025-06-10)Alert me
Quick answers about S 8316
- What is the current status of S 8316?
- As of September 28, 2025, S 8316 is recorded as "Introduced": it has been introduced and is waiting for its first committee hearing or floor vote. The last recorded action, on June 10, 2025, was "SUBSTITUTED BY A8277".
- Did S 8316 pass?
- Not yet. S 8316 has been introduced and has not passed either house.
- Who wrote S 8316, and where is it now?
- S 8316 was authored by Sen. Monica Martinez.
Author and sponsors
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| Jun. 10, 2025 | SUBSTITUTED BY A8277 |
| Jun. 04, 2025 | ORDERED TO THIRD READING CAL.1592 |
| Jun. 02, 2025 | REFERRED TO RULES |
Latest bill textIntroduced version, June 2, 2025 · 221 words
STATE OF NEW YORK ________________________________________________________________________ 8316 2025-2026 Regular Sessions IN SENATE June 2, 2025 ___________ Introduced by Sen. MARTINEZ -- read twice and ordered printed, and when printed to be committed to the Committee on Rules AN ACT to amend chapter 643 of the laws of 2019 amending the local finance law, relating to establishing an electronic open auction bond sale pilot program, in relation to the effectiveness thereof The People of the State of New York, represented in Senate and Assem- bly, do enact as follows: 1 Section 1. Section 2 of chapter 643 of the laws of 2019 amending the 2 local finance law, relating to establishing an electronic open auction 3 bond sale pilot program, as amended by chapter 297 of the laws of 2023, 4 is amended to read as follows: 5 § 2. This act shall take effect on the first of January next succeed- 6 ing the date on which it shall have become a law and shall expire [six] 7 eight years after such effective date, when upon such date the 8 provisions of this act shall be deemed repealed. 9 § 2. This act shall take effect immediately. EXPLANATION--Matter in italics (underscored) is new; matter in brackets [] is old law to be omitted. LBD11975-01-5
Text of S 8316 as introduced, from the official record. Connect Plus keeps every version and highlights what changed.Compare versions