NY A06416 | 2019-2020 | General Assembly

Status

Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on March 7 2019 - 25% progression
Action: 2019-03-07 - referred to election law
Pending: Assembly Election Law Committee
Text: Latest bill text (Introduced) [HTML]

Summary

Requires that any ballot proposition creating a state debt shall contain an estimate of the amortization period and the total expected debt service payable thereon until the bonds issued pursuant to such proposition are retired; relates to deposits to the tax stabilization reserve fund; provides that at least 10% of any surplus shall be used to pay down state debt.

Tracking Information

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Title

Requires that any ballot proposition creating a state debt shall contain an estimate of the amortization period and the total expected debt service payable thereon until the bonds issued pursuant to such proposition are retired; relates to deposits to the tax stabilization reserve fund; provides that at least 10% of any surplus shall be used to pay down state debt.

Sponsors


History

DateChamberAction
2019-03-07Assemblyreferred to election law

Same As/Similar To

S00559 (Same As) 2019-01-09 - REFERRED TO ELECTIONS

New York State Sources


Bill Comments

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