Increases the authorization of the Dormitory Authority of the State of New York to issue hospital and nursing home project bonds and notes from $20.

This bill amends the New York state medical care facilities finance agency act to increase the authorization of the Dormitory Authority of the State of New York to issue hospital and nursing home project bonds and notes from $20 billion to $21.8 billion. The bill specifies conditions for issuing these bonds and notes, including maintaining a hospital and nursing home capital reserve fund. The changes take effect immediately upon enactment.

Increases the authorization of the Dormitory Authority of the State of New York to issue hospital and nursing home project bonds and notes from $20.

This bill amends the New York state medical care facilities finance agency act to increase the authorization of the Dormitory Authority of the State of New York to issue hospital and nursing home project bonds and notes from $20 billion to $21.8 billion. The bill specifies conditions for issuing these bonds and notes, including maintaining a hospital and nursing home capital reserve fund. The changes take effect immediately upon enactment.