NY A01777 | 2009-2010 | General Assembly
Status
Spectrum: Partisan Bill (Democrat 21-0)
Status: Introduced on January 12 2009 - 25% progression, died in committee
Action: 2010-01-06 - referred to ways and means
Pending: Assembly Ways and Means Committee
Text: Latest bill text (Introduced) [HTML]
Status: Introduced on January 12 2009 - 25% progression, died in committee
Action: 2010-01-06 - referred to ways and means
Pending: Assembly Ways and Means Committee
Text: Latest bill text (Introduced) [HTML]
Summary
This proposed constitutional amendment allows for emergency borrowing in times of public emergency, prohibits "back-door borrowing," limits total State debt to no more than 5% of total personal income in the State, and establishes a Debt Management Board to prescribe an annual Debt Affordability Level.
Title
CONCURRENT RESOLUTION OF THE SENATE AND ASSEMBLY proposing amendments to article 7 of the constitution, in relation to the authorization of debt in times of public emergency, a limit on the total amount of state debt, the establishment of a debt management board, and refunding of state debts
Sponsors
History
| Date | Chamber | Action |
|---|---|---|
| 2010-01-06 | referred to ways and means | |
| 2009-09-02 | opinion referred to judiciary | |
| 2009-01-20 | to attorney-general for opinion | |
| 2009-01-12 | referred to ways and means |
