Bill > A09611

This bill, known as the New York State Master Plan on Aging 2026 Bond Act, authorizes the creation of state debt totaling $5 billion to fund the implementation of the recommendations from the New York State Master Plan for Aging Final Report, which includes nine core support areas and 126 proposals. The state comptroller is empowered to issue and sell these bonds, with the proceeds to be used for state programs or assistance payments toward these initiatives, benefiting state or local agencies, not-for-profit entities, and higher educational institutions. The bill also ensures that the bonds will be issued as tax-exempt under federal law, and crucially, it will only take effect if approved by a majority of voters in the general election in November 2026, at which point the funding will be made available through legislative appropriations.

Budget and Finance

https://www.nysenate.gov/legislation/bills/2025/A9611