NY A06416 | 2019-2020 | General Assembly
Status
Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on March 7 2019 - 25% progression, died in committee
Action: 2020-01-08 - referred to election law
Pending: Assembly Election Law Committee
Text: Latest bill text (Introduced) [HTML]
Status: Introduced on March 7 2019 - 25% progression, died in committee
Action: 2020-01-08 - 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.
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 | Assembly | referred to election law |
| 2019-03-07 | Assembly | referred to election law |
Same As/Similar To
S00559 (Same As) 2020-01-08 - REFERRED TO ELECTIONS
