Skip to main content

Agora
Sign in

Senate bill · S9903 (2025-26)

Extends the effectiveness of certain provisions relating to the special powers of the New York state environmental facilities corporation

New York State Senate

Same as A11376, the matching bill in the Assembly.

Latest action Aug 28, 2026

Passed as A11376, the matching Assembly bill.

Sponsor: Monica Martinez (State Senator, District 4, Democratic/Working Families)

Follow

Following needs an Agora account. You will sign in first, then come back to this page.

From NY Open Legislation, the NY Senate and Assembly, and official rosters. This record was last updated Oct 23, 2026. About our data

Summary

Extends the effectiveness of certain provisions relating to the special powers of the New York state environmental facilities corporation to 2029.

Summary from NY Open Legislation. How we handle summaries

Purpose, from the sponsor's memo

Section 1 of this bill would extend until September 30, 2029 the "sunset" provision of Section 3 of Chapter 307 of the Laws of 2005, thereby extending for an additional three years the provisions of PAL §§ 1285- j(6)(b) and 1285-m(6)(b), which authorize authority of EFC to invest CWSRF and DWSRF monies in security obligations available to muni- cipalities under the GML. Section 2 of the bill provides for an immediate effective date.

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

Where it stands

Signed into law.

  1. Introduced
  2. In committee
  3. Up for a vote
  4. Passed one chamber
  5. Passed
  6. Enacted

Committee

Environmental Conservation · New York State Assembly

Also referred to Environmental Conservation · New York State Senate, Local Government · New York State Senate, Rules · New York State Assembly, Rules · New York State Senate.

Your position on this bill

Choose the position closest to yours. You'll sign in or create an account to save it.

Sign in or create an account to give your position

The sponsor's argument

Why Monica Martinez says this is needed

EFC administers the CWSRF and the DWSRF. Under these SRF programs, EFC provides low cost financial assistance to municipalities and other enti- ties for water and wastewater infrastructure and other environmental projects. As of June 1, 2025, EFC has issued approximately $23 billion in State Revolving Fund Bonds under the CWSRF program and the DWSRF program for the purpose of providing financial assistance to local governments and public benefit corporations. Under both the CWSRF and the DWSRF, EFC is authorized to provide assistance in several forms to recipients for the purpose of financing or refinancing their capital projects. Prior to enactment of PAL §§ 1285-j(6)(b) and 1285-m(6)(b), EFC only had the authority to invest directly in obligations the interest on which is excludable from gross income under the Internal Revenue Code. This legislation would allow EFC to continue to invest in a limited array of municipal taxable securities. By allowing CWSRF and DWSRF assets to continue to be invested in taxable municipal obligations as well as tax-exempt municipal obligations, these programs, including the partic- ipating municipalities, will benefit from higher investment returns without diminishing investment credit quality. Continued authorization to invest CWSRF and DWSRF assets in taxable investments will also broad- en the demand for taxable municipal bonds, including taxable bonds issued by New York State municipalities.

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.

Recorded votes

  • Vote: Floor vote

    NY SenateJun 4, 2026Result: passedSenate vote on A11376, the matching Assembly bill.

    (60) (0) (0) (3)

  • Vote: Committee vote · Rules

    Senate RulesMay 28, 2026Result: passed

    (21) (0) (0) (0)

  • Vote: Committee vote · Local Government

    Senate Local GovernmentMay 5, 2026Result: passed

    (7) (0) (0) (0)

Full history

  1. Aug 28, 2026

    Signed

    SIGNED CHAP.275

    NY Assembly

  2. Aug 21, 2026

    Sent to the executive

    DELIVERED TO GOVERNOR

    NY Assembly

  3. Jun 4, 2026

    3RD Reading CAL.1426

    3RD READING CAL.1426

    NY Senate

  4. Jun 4, 2026

    Passed a chamber

    PASSED SENATE

    NY Senate

  5. Jun 4, 2026

    Substituted

    SUBSTITUTED BY A11376

    NY Senate

Show full history (11 earlier events)
  1. May 29, 2026

    Sent to the executive

    DELIVERED TO SENATE

    NY Assembly

  2. May 29, 2026

    Passed a chamber

    PASSED ASSEMBLY

    NY Assembly

  3. May 29, 2026

    Referred to committee

    REFERRED TO RULES

    NY Senate

  4. May 29, 2026

    Reported out of committee

    REPORTED REFERRED TO RULES

    NY Assembly

  5. May 29, 2026

    Rules Report CAL.285

    RULES REPORT CAL.285

    NY Assembly

  6. May 28, 2026

    In committee

    COMMITTEE DISCHARGED AND COMMITTED TO RULES

    NY Senate

  7. May 28, 2026

    Ordered to Third Reading CAL.1426

    ORDERED TO THIRD READING CAL.1426

    NY Senate

  8. May 20, 2026

    Reported out of committee

    REPORTED REFERRED TO WAYS AND MEANS

    NY Assembly

  9. May 14, 2026

    Referred to committee

    REFERRED TO ENVIRONMENTAL CONSERVATION

    NY Assembly

  10. May 5, 2026

    Reported out of committee

    REPORTED AND COMMITTED TO FINANCE

    NY Senate

  11. Apr 13, 2026

    Referred to committee

    REFERRED TO LOCAL GOVERNMENT

    NY Senate

Read the record