S273 — Relates to installments of bonds; repealer
Last action — In Senate Committee
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1Introduced
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2In Committee
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3Passed Senate
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4Passed Assembly
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5To Executive
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6Enacted
This bill has been introduced in the Senate. Introduced January 08, 2025. It must pass committee before a floor vote.
Next likely step: a committee referral and hearing.
Odds of enactment
Low chanceBased on the sponsor, cosponsors, and committee posture, this bill has a low chance of becoming law.
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A statistical estimate from our own model of past outcomes — an insight, not a guarantee. Policymaking is volatile.
Prognosis
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Introduced
Current position in the legislative process.
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1 sponsor
1 primary, 0 co-sponsors signed on.
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Cleared a recorded vote
Passed 4 recorded votes so far.
Based on stage, sponsorship breadth, committee status, recorded votes, and cross-state momentum — a description of the observable signals, not a prediction.
Summary
Permanently requires that the first installment of serial bonds mature not later than two years after the date of such bonds; provides that principal installments remaining unpaid on bonds may be called for redemption prior to their date of maturity in such amounts, at such times in such manner and pursuant to such terms as may be determined by the finance board of a municipality, school district or corporation at the time of the issuance thereof; repeals provisions that permanently eliminate the requirement that municipalities provide from current funds an amount equal to at least 5% of the estimated cost of each capital improvement (excluding from such cost state or federal grant funding and certain benefited area assessments) prior to the issuance of bonds or bond anticipation notes to finance such capital improvement.
Bill Text
- Full text View text Current
Action History
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REPORTED AND COMMITTED TO FINANCE
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REFERRED TO LOCAL GOVERNMENT
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RETURNED TO SENATE
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DIED IN ASSEMBLY
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REFERRED TO LOCAL GOVERNMENTS
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DELIVERED TO ASSEMBLY
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PASSED SENATE
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ORDERED TO THIRD READING CAL.1597
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COMMITTEE DISCHARGED AND COMMITTED TO RULES
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REPORTED AND COMMITTED TO FINANCE
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REFERRED TO LOCAL GOVERNMENT
Sponsors
- Monica Martinez · Primary
Sponsorship breakdown
Export CSV (upgrade) →1 sponsors · 0 co-sponsors · 218 not signed on
Sponsors (1)
Co-sponsors (0)
None.
Not signed on (218)
218 members have not signed on to this bill.
Show all 218 →"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.
Votes
| Party | Yea | Nay | Present | Not Voting |
|---|---|---|---|---|
| Unaffiliated | 6 | 0 | 0 | 1 |
| Total | 6 | 0 | 0 | 1 |
| % of votes cast | 86% | 0% | 0% | 14% |
How each member voted (7)
| Member | Party | Vote |
|---|---|---|
| Alexis Weik | — | Yea |
| April Baskin | — | Yea |
| James Skoufis | — | Yea |
| Monica Martinez | — | Yea |
| Patricia Fahy | — | Yea |
| Robert Rolison | — | Yea |
| Samra Brouk | — | Not Voting |
| Party | Yea | Nay | Present | Not Voting |
|---|---|---|---|---|
| Unaffiliated | 58 | 0 | 0 | 5 |
| Total | 58 | 0 | 0 | 5 |
| % of votes cast | 92% | 0% | 0% | 8% |
How each member voted (63)
| Party | Yea | Nay | Present | Not Voting |
|---|---|---|---|---|
| Unaffiliated | 21 | 0 | 0 | 0 |
| Total | 21 | 0 | 0 | 0 |
| % of votes cast | 100% | 0% | 0% | 0% |
How each member voted (21)
| Member | Party | Vote |
|---|---|---|
| Andrea Stewart-Cousins | — | Yea |
| Andrew J. Lanza | — | Yea |
| Brad Hoylman-Sigal | — | Yea |
| Dan Stec | — | Yea |
| Jamaal Bailey | — | Yea |
| John Liu | — | Yea |
| Joseph A. Griffo | — | Yea |
| Joseph P. Addabbo Jr. | — | Yea |
| Kevin S. Parker | — | Yea |
| Leroy Comrie | — | Yea |
| Liz Krueger | — | Yea |
| Luis R. Sepúlveda | — | Yea |
| Michael Gianaris | — | Yea |
| Nathalia Fernandez | — | Yea |
| Pamela Helming | — | Yea |
| Patrick M. Gallivan | — | Yea |
| Pete Harckham | — | Yea |
| Robert Ortt | — | Yea |
| Shelley Mayer | — | Yea |
| Thomas F. O'Mara | — | Yea |
| Zellnor Myrie | — | Yea |
| Party | Yea | Nay | Present | Not Voting |
|---|---|---|---|---|
| Unaffiliated | 7 | 0 | 0 | 0 |
| Total | 7 | 0 | 0 | 0 |
| % of votes cast | 100% | 0% | 0% | 0% |
How each member voted (7)
| Member | Party | Vote |
|---|---|---|
| Alexis Weik | — | Yea |
| April Baskin | — | Yea |
| James Skoufis | — | Yea |
| Monica Martinez | — | Yea |
| Patricia Fahy | — | Yea |
| Robert Rolison | — | Yea |
| Samra Brouk | — | Yea |
Subjects
Frequently asked questions
- What does S273 do?
- Permanently requires that the first installment of serial bonds mature not later than two years after the date of such bonds; provides that principal installments remaining unpaid on bonds may be called for redemption prior to their date of maturity in such amounts, at such times in such manner and pursuant to such terms as may be determined by the finance board of a municipality, school district or corporation at the time of the issuance thereof; repeals provisions that permanently eliminate the requirement that municipalities provide from current funds an amount equal to at least 5% of the estimated cost of each capital improvement (excluding from such cost state or federal grant funding and certain benefited area assessments) prior to the issuance of bonds or bond anticipation notes to finance such capital improvement.
- Who sponsors S273?
- S273 is sponsored by Monica Martinez.
- What is the current status of S273?
- This bill has been introduced in the Senate. Introduced January 08, 2025. It must pass committee before a floor vote.
- Where can I track S273?
- Track S273 free on One Click Politics — get push/email alerts when it moves.
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Last checked for changes 3 months ago · updated continuously
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