New York proposes alternative finance investment bonds to attract capital from investors who avoid interest-generating securities.

New York A02106 introduces alternative finance investment bonds, certificates representing undivided ownership shares of assets or projects. These bonds aim to attract capital from investors who avoid interest-generating securities due to personal, moral, or religious reasons. The bill defines these bonds and outlines agreements where bond issuers must repay capital and make additional payments not exceeding a reasonable commercial return.

New York proposes alternative finance investment bonds to attract capital from investors who avoid interest-generating securities.

New York A02106 introduces alternative finance investment bonds, certificates representing undivided ownership shares of assets or projects. These bonds aim to attract capital from investors who avoid interest-generating securities due to personal, moral, or religious reasons. The bill defines these bonds and outlines agreements where bond issuers must repay capital and make additional payments not exceeding a reasonable commercial return.