Requires state agencies, public authorities and public benefit corporations to provide annual reports including information on outstanding total debt for each entity, total annual debt service for each entity, annual debt issuance for each entity, and annual debt to be retired for each entity.
STATE OF NEW YORK
________________________________________________________________________
2562
2025-2026 Regular Sessions
IN ASSEMBLY
January 17, 2025
___________
Introduced by M. of A. RA, BARCLAY, TAGUE, BRABENEC, MORINELLO, MANKTE-
LOW, REILLY -- read once and referred to the Committee on Governmental
Operations
AN ACT to amend the state finance law, in relation to requiring state
agencies, public authorities and public benefit corporations to
provide annual reports
The People of the State of New York, represented in Senate and Assem-bly, do enact as follows:
1 Section 1. The state finance law is amended by adding a new section
2 19-b to read as follows:
3 § 19-b. Annual reporting requirements. Notwithstanding any other
4 provisions of the law to the contrary commencing on January first, two
5 thousand twenty-five and each year thereafter all state agencies and all
6 state and local authorities as defined by section two of the public
7 authorities law shall submit to the governor, the chair and ranking
8 minority member of the senate finance committee and the chair and rank-
9 ing minority member of the assembly ways and means committee an annual
10 report. Such report shall include, but shall not be limited to, the
11 outstanding total debt for each entity; total annual debt service for
12 each entity; annual debt issuance for each entity; and annual debt to be
13 retired for each entity.
14 § 2. This act shall take effect immediately.
EXPLANATION--Matter in italics (underscored) is new; matter in brackets
[] is old law to be omitted.
LBD05726-01-5
