Authorizes the creation of state debt in the amount of 5 billion dollars for the New York state master plan on aging 2026 bond act.
The bill authorizes the creation of state debt in the amount of five billion dollars to support the implementation of the New York State Master Plan for Aging Final Report. The debt will be issued as tax-exempt bonds, subject to federal tax law. The proposal will be submitted to the people in the November 2026 general election. If approved, the moneys received from the sale of bonds will be used for the implementation of the recommendations of the New York State Master Plan for Aging Final Report.
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