New York legislation · 2025-2026 General Assembly
New York A11559: Relates to the ability of the New York state medical care facilities finance agency to issue certain bonds and notes
Status: Signed into law, August 28, 2026
Increases the authorization of the Dormitory Authority of the State of New York ("DASNY"), as successor to the New York State Medical Care Facilities Finance Agency ("MCFFA") pursuant to the Health Care Financing Consolidation Act of 1995, to issue hospital and nursing home project bonds and notes from $20 billion to $21.8 billion.
What the bill says
An act to amend the New York state medical care facilities finance agency act, in relation to the ability to issue certain bonds and notes.
From the introduced text, June 1, 2026:
AN ACT to amend the New York state medical care facilities finance agency act, in relation to the ability to issue certain bonds and notes THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEMBLY, DO ENACT AS FOLLOWS: Section 1. Paragraph (b) of subdivision 1 of section 7 of section 1 of chapter 392 of the laws of 1973, constituting the New York state medical care facilities agency act, as amended by chapter 101 of the laws of 2025, is amended to read as follows: (b) The agency shall not issue hospital and nursing home project bonds and hospital and nursing home project notes in an aggregate principal amount exceeding [twenty billion] TWENTY-ONE BILLION EIGHT HUNDRED MILLION dollars, excluding hospital and nursing home project bonds and hospital and nursing home project notes issued to refund outstanding hospital and nursing home projects bonds and hospital and nursing home project notes; provided, however, that upon any such refunding or repayment the total aggregate principal amount of outstanding bonds, notes or other obligations may be greater than [twenty billion] TWENTY-ONE BILLION EIGHT HUNDRED MILLION dollars only if the present value of the aggregate debt service of the refunding or repayment bonds, notes or other obligations to be issued shall not exceed the present value of the aggregate debt service …
Sponsors
- James Pretlow (D, 89) · primary sponsor
Latest actions
- : SIGNED CHAP.281
- : DELIVERED TO GOVERNOR
- : RETURNED TO ASSEMBLY
- : PASSED SENATE
- : 3RD READING CAL.1786
- : SUBSTITUTED FOR S10641
- : REFERRED TO RULES
- : DELIVERED TO SENATE
- : PASSED ASSEMBLY
- : ORDERED TO THIRD READING RULES CAL.467
Votes
- Senate Floor Vote (June 4, 2026): 60 yea, 0 nay, passed
- FLOOR Vote (June 4, 2026): 60 yea, 0 nay, passed
- Assembly Ways And Means Committee: Favorable refer to committee Rules (June 3, 2026): 32 yea, 0 nay, passed
- Assembly Rules Committee: Favorable (June 3, 2026): 29 yea, 0 nay, passed
Subjects: Paramedics
Common questions
- What is A11559?
- A11559 is a bill in the New York Legislature (2025-2026 General Assembly): Relates to the ability of the New York state medical care facilities finance agency to issue certain bonds and notes.
- What does A11559 do?
- In its own words: An act to amend the New York state medical care facilities finance agency act, in relation to the ability to issue certain bonds and notes.
- What is the status of A11559?
- Signed into law as of August 28, 2026. Latest action: SIGNED CHAP.281 (August 28, 2026).
- Who sponsored A11559?
- James Pretlow (D, 89).
- Where is the official record for A11559?
- On the New York Legislature website: https://www.nysenate.gov/legislation/bills/2025/A11559
Source: official New York record. Tracked by Delilah, AI for legislation across all 50 states and Congress.