New York A11559 increases the authorization for the Dormitory Authority of the State of New York to issue hospital and nursing home project bonds and.
New York A11559 amends the New York State Medical Care Facilities Finance Agency Act to increase the authorization for 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. This change allows for the issuance of additional bonds and notes to support healthcare facilities, provided the present value of the debt service does not exceed that of the bonds or notes being refunded or repaid. The bill takes effect immediately upon passage.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
See what it does, who it affects, and the critical issues in plain language. Free, 30 seconds.