Bill Text: NY A03776 | 2023-2024 | General Assembly | Introduced
Bill Title: Excludes indebtedness for the construction of sewage facilities contracted prior to 2034 in determining current local debt limitation.
Spectrum: Partisan Bill (Democrat 3-0)
Status: (Introduced) 2023-05-17 - substituted by s4597 [A03776 Detail]
Download: New_York-2023-A03776-Introduced.html
STATE OF NEW YORK ________________________________________________________________________ 3776 2023-2024 Regular Sessions IN ASSEMBLY February 8, 2023 ___________ Introduced by M. of A. CONRAD, THIELE -- (at request of the State Comp- troller) -- read once and referred to the Committee on Local Govern- ments CONCURRENT RESOLUTION OF THE SENATE AND ASSEMBLY proposing an amendment to section 5 of article 8 of the constitution, in relation to the exclusion of indebtedness contracted for sewage facil- ities 1 Section 1. Resolved (if the Senate concur), That paragraph E of 2 section 5 of article 8 of the constitution be amended to read as 3 follows: 4 E. Indebtedness contracted on or after January first, nineteen hundred 5 sixty-two and prior to January first, two thousand [twenty-four] thir- 6 ty-four, for the construction or reconstruction of facilities for the 7 conveyance, treatment and disposal of sewage. The legislature shall 8 prescribe the method by which and the terms and conditions under which 9 the amount of any such indebtedness to be excluded shall be determined, 10 and no such indebtedness shall be excluded except in accordance with 11 such determination. 12 § 2. RESOLVED (if the Senate concur), That the foregoing amendment be 13 submitted to the people for approval at the general election to be held 14 in the year 2023 in accordance with provisions of the election law. EXPLANATION--Matter in italics (underscored) is new; matter in brackets [] is old law to be omitted. LBD89052-01-3
