Extends certain provisions relating to the sale, issuance and refund of bonds and notes of New York city

Summary

The bill lets New York City continue marketing, issuing, and refinancing its bonds and notes until mid‑2027, while setting caps on total issuance and allowing limited private sales to specified entities. It also requires the state to pledge not to undermine the city’s financial control board for any bonds issued in that period, giving bondholders a legal remedy. These changes aim to preserve financing flexibility for city projects while protecting investors.

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