Bill Text: NY S06743 | 2013-2014 | General Assembly | Introduced

---

Bill Title: Increases the limitation on indebtedness that may be incurred by certain school districts from five percent to ten percent.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Introduced - Dead) 2014-05-06 - OPINION REFERRED TO JUDICIARY [S06743 Detail]

Download: New_York-2013-S06743-Introduced.html

---

                           S T A T E   O F   N E W   Y O R K
       ________________________________________________________________________
                                         6743
                                   I N  S E N A T E
                                     March 5, 2014
                                      ___________
       Introduced  by  Sen. TKACZYK -- read twice and ordered printed, and when
         printed to be committed to the Committee on Judiciary
                   CONCURRENT RESOLUTION OF THE SENATE AND ASSEMBLY
       proposing an amendment to section 4 of article 8 of the constitution, in
         relation to increasing the limitation  on  indebtedness  that  may  be
         incurred by certain school districts
    1    Section  1.  Resolved (if the Assembly concur), That the opening para-
    2  graph of subdivision (h) of section 4 of article 8 of  the  constitution
    3  be amended to read as follows:
    4    any  school  district  which is coterminous with, or partly within, or
    5  wholly within, a city having less than one hundred twenty-five  thousand
    6  inhabitants  according  to  the  latest  federal  census,  for education
    7  purposes, [five] TEN per centum; provided, however, that such limitation
    8  may be increased in relation to indebtedness for  specified  objects  or
    9  purposes  with (1) the approving vote of sixty per centum or more of the
   10  duly qualified voters of such school district voting  on  a  proposition
   11  therefor  submitted at a general or special election, (2) the consent of
   12  The Regents of the University of the State  of  New  York  and  (3)  the
   13  consent of the state comptroller. The legislature shall prescribe by law
   14  the qualifications for voting at any such election.
   15    S  2.  Resolved (if the Assembly concur), That the foregoing amendment
   16  be referred to the first regular legislative session convening after the
   17  next succeeding general election of members of  the  assembly,  and,  in
   18  conformity  with  section  1  of  article  19  of  the  constitution, be
   19  published for 3 months previous to the time of such election.
        EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                             [ ] is old law to be omitted.
                                                                  LBD89136-01-4