Authorizes the creation of state debt up to $5 billion for the New York State Master Plan on Aging 2026 bond act.
The bill authorizes the creation of state debt up to $5 billion to support the implementation of the New York State Master Plan for Aging Final Report. The state comptroller is empowered to issue and sell bonds for this purpose. The proceeds from the bond sale will fund state programs and assistance payments related to the aging population. The proposal will be submitted to the people for a vote at the November 2026 general election. If approved, the act will take effect immediately.
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