Bill Text: NY S08931 | 2021-2022 | 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 1-0)
Status: (Engrossed - Dead) 2022-06-15 - DELIVERED TO SECRETARY OF STATE [S08931 Detail]
Download: New_York-2021-S08931-Introduced.html
STATE OF NEW YORK ________________________________________________________________________ 8931 IN SENATE April 29, 2022 ___________ Introduced by Sen. GAUGHRAN -- (at request of the State Comptroller) -- read twice and ordered printed, and when printed to be committed to the Committee on Judiciary 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 Assembly 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 Assembly concur), That the foregoing amendment 13 be 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. LBD89180-02-2