New York A02562 mandates annual debt reporting by state agencies, public authorities, and public benefit corporations.

New York A02562 amends the state finance law to require state agencies, public authorities, and public benefit corporations to submit annual reports. These reports must include details on outstanding total debt, total annual debt service, annual debt issuance, and annual debt to be retired for each entity. The reports are to be submitted to the governor, the chair and ranking minority member of the senate finance committee, and the chair and ranking minority member of the assembly ways and means committee. The act takes effect immediately.

New York A02562 mandates annual debt reporting by state agencies, public authorities, and public benefit corporations.

New York A02562 amends the state finance law to require state agencies, public authorities, and public benefit corporations to submit annual reports. These reports must include details on outstanding total debt, total annual debt service, annual debt issuance, and annual debt to be retired for each entity. The reports are to be submitted to the governor, the chair and ranking minority member of the senate finance committee, and the chair and ranking minority member of the assembly ways and means committee. The act takes effect immediately.