S T A T E O F N E W Y O R K
________________________________________________________________________
9691
I N A S S E M B L Y
March 23, 2012
___________
Introduced by M. of A. MAGNARELLI -- (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 [fourteen]
6 TWENTY-FOUR, for the construction or reconstruction of facilities for
7 the 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 S 2. RESOLVED (if the Senate concur), That the foregoing amendment be
13 referred to the first regular legislative session convening after the
14 next succeeding general election of members of the assembly, and, in
15 conformity with section 1 of article 19 of the constitution, be
16 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.
LBD89150-02-2