NY S00559 | 2019-2020 | General Assembly
Status
Spectrum: Partisan Bill (Republican 1-0)
Status: Introduced on January 9 2019 - 25% progression, died in committee
Action: 2020-01-08 - REFERRED TO ELECTIONS
Pending: Senate Elections Committee
Text: Latest bill text (Introduced) [HTML]
Status: Introduced on January 9 2019 - 25% progression, died in committee
Action: 2020-01-08 - REFERRED TO ELECTIONS
Pending: Senate Elections 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.
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
| Date | Chamber | Action |
|---|---|---|
| 2020-01-08 | Senate | REFERRED TO ELECTIONS |
| 2019-01-09 | Senate | REFERRED TO ELECTIONS |
Same As/Similar To
A06416 (Same As) 2020-01-08 - referred to election law
