Establishes the New York state infrastructure bank to oversee and fund infrastructure projects.

The bill creates the New York state infrastructure bank to monitor and oversee infrastructure projects in the state. The bank will award financial assistance in the form of bonds. It will be governed by a board of directors appointed by the governor, with members representing different regions of the state. The bank will have powers to issue bonds, provide subsidies, borrow on the global capital market, and lend to infrastructure projects. The board will establish criteria for determining project eligibility for financial assistance.

Establishes the New York state infrastructure bank to oversee and fund infrastructure projects.

The bill creates the New York state infrastructure bank to monitor and oversee infrastructure projects in the state. The bank will award financial assistance in the form of bonds. It will be governed by a board of directors appointed by the governor, with members representing different regions of the state. The bank will have powers to issue bonds, provide subsidies, borrow on the global capital market, and lend to infrastructure projects. The board will establish criteria for determining project eligibility for financial assistance.