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Panel advances Dormitory Authority financing for New York Climate Change Exchange project

Corporations, Authorities and Commissions Committee · February 10, 2026

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Summary

A committee advanced a bill authorizing the Dormitory Authority to finance construction of facilities for the New York Climate Change Exchange and allowing the exchange to issue bonds; the measure was moved, seconded and reported to the floor by voice vote.

A Senate committee on Feb. 10 advanced a bill authorizing the Dormitory Authority to provide financing for the New York Climate Change Exchange and allowing the Exchange to issue bonds to fund construction of facilities.

The transcript lists the measure as "Senate Bill 88 39" and describes it as an amendment to the Public Governance Law authorizing the Dormitory Authority to provide financing to the New York Climate Change Exchange for construction of a building and to permit the Exchange to issue bonds to designate for construction of facilities.

The committee moved and seconded the measure and advanced it by voice vote; the transcript records the action as "moved and moved to the floor." The transcript does not include a roll-call vote, a bond size, or additional financing details in the excerpt.

The proposal would give the Dormitory Authority statutory authority to provide financing to the Exchange; the excerpt does not include the Exchange's governance structure, project cost or escrow/repayment details.