Relates to retiring cemetery indebtedness

Latest action May 11, 2026

Provides that any cemetery corporation is permitted to retire any certificates or other instruments of indebtedness related to its operations to the benefit of such cemetery's permanent maintenance fund upon notice to the certificate owners.

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Where it stands

Passed one of the two chambers; it still needs the other.

Introduced
In committee
Up for a vote
Passed one chamber
Passed
Enacted

New York State Senate

Same as A4347, the matching bill in the Assembly.

Amends the Not-for-Profit Corporation Law.

Committee

Corporations, Authorities and Commissions · New York State Assembly

Also referred to Corporations, Authorities And Commissions · New York State Senate, Finance · New York State Senate.

Purpose, from the sponsor's memo

This bill would permit a state regulated cemetery to retire any certif- icates or other instruments of indebtedness it has issued related to its operations, to the benefit of the cemetery's permanent maintenance fund, to support the long term operations of the non-profit entities.

Filed with the bill. Read it on nysenate.gov (opens in a new tab)

Recorded votes

Vote: Committee vote · Corporations, Authorities And Commissions
Senate Corporations, Authorities And CommissionsApr 28, 2026Result: passed
(7) (0) (0) (0)

The sponsor's argument

Why Leroy Comrie says this is needed

This bill would address cases where cemetery issued debt remains outstanding due to the significant age of the financial instruments. Regulated cemeteries in New York are quasi-government entities that must continue to operate in perpetuity. This bill would provide a mechanism and notification process for a cemetery to retire their in-house debt while also sending any proceeds from the debt retirement to the ceme- tery's restricted permanent maintenance fund. This fund is devoted to the long-term preservation and maintenance of the cemetery for the bene- fit of the lot owners and community the cemetery serves. PRIOR LEGISLATIVE: 2024: S5784A Comrie/ A9447A Hyndman

This is the sponsor's own case for the bill, quoted from their memorandum. It is not Agora's description of what the bill does.

Full history

May 11, 2026
Sent to the executive
DELIVERED TO SENATE
NY Assembly
May 11, 2026
Passed a chamber
PASSED ASSEMBLY
NY Assembly
May 11, 2026
Referred to committee
REFERRED TO FINANCE
NY Senate
May 7, 2026
Advanced to Third Reading CAL.451
ADVANCED TO THIRD READING CAL.451
NY Assembly
May 5, 2026
Reported out of committee
REPORTED
NY Assembly

Show full history (6 earlier events)

Apr 28, 2026
Reported out of committee
REPORTED AND COMMITTED TO FINANCE
NY Senate
Feb 10, 2026
Reported out of committee
REPORTED REFERRED TO WAYS AND MEANS
NY Assembly
Jan 7, 2026
Referred to committee
REFERRED TO CORPORATIONS, AUTHORITIES AND COMMISSIONS
NY Senate
Jan 7, 2026
Referred to committee
REFERRED TO CORPORATIONS, AUTHORITIES AND COMMISSIONS
NY Assembly
Feb 4, 2025
Referred to committee
REFERRED TO CORPORATIONS, AUTHORITIES AND COMMISSIONS
NY Assembly
Feb 4, 2025
Referred to committee
REFERRED TO CORPORATIONS, AUTHORITIES AND COMMISSIONS
NY Senate

About this record

Summary: The summary comes from NY Open Legislation, the New York State Senate's public record. For more, see How we handle summaries.
Source: From NY Open Legislation, the NY Senate and Assembly, and official rosters. This record was last updated Nov 1, 2026. About our data

Read the record

Read on NY Senate (opens in a new tab) The official record on nysenate.gov.

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