Requires legislative oversight for debt issuances that reach maturity if such maturity exceeds thirty years.

New York A04004 amends the public authorities law and the state finance law to require legislative oversight for debt issuances that reach maturity if such maturity exceeds thirty years. It provides a procedure for such debt issuance by the legislature, including a comprehensive cost-benefit analysis and approval from both houses of the legislature. The bill also sets a maximum maturity of fifty years for certain debt issuances.

Requires legislative oversight for debt issuances that reach maturity if such maturity exceeds thirty years.

New York A04004 amends the public authorities law and the state finance law to require legislative oversight for debt issuances that reach maturity if such maturity exceeds thirty years. It provides a procedure for such debt issuance by the legislature, including a comprehensive cost-benefit analysis and approval from both houses of the legislature. The bill also sets a maximum maturity of fifty years for certain debt issuances.