Bill Text: NY A01475 | 2015-2016 | General Assembly | Amended

New York Assembly Bill 1475 (Prior Session Legislation)

Bill Title: Authorizes the creation of state debt in the amount of 1 billion dollars in creating the Alzheimer's research bond act of 2017 and provides for submission to the people of such proposal.

Spectrum: Moderate Partisan Bill (Democrat 13-4)

Status: (Introduced - Dead) 2016-01-15 - print number 1475a [A01475 Detail]

Download: New_York-2015-A01475-Amended.html



                STATE OF NEW YORK
        ________________________________________________________________________
                                         1475--A
                               2015-2016 Regular Sessions
                   IN ASSEMBLY
                                    January 12, 2015
                                       ___________
        Introduced by M. of A. LAVINE, KEARNS, SKOUFIS, RAIA, GUNTHER, SALADINO,
          CLARK,  MARKEY, TITUS, MOSLEY, BENEDETTO, McDONOUGH -- Multi-Sponsored
          by -- M.   of A. BRENNAN,  CAHILL,  CERETTO,  PEOPLES-STOKES,  RIVERA,
          TITONE  --  read once and referred to the Committee on Aging -- recom-
          mitted to the Committee on Aging in accordance with Assembly  Rule  3,
          sec.  2  --  committee  discharged, bill amended, ordered reprinted as
          amended and recommitted to said committee
        AN ACT authorizing the creation of a state debt in  the  amount  of  one
          billion dollars, in relation to enacting the Alzheimer's research bond
          act of 2017 and providing for the submission to the people of a propo-
          sition  or  question therefor to be voted upon at the general election
          to be held in November, 2017
          The People of the State of New York, represented in Senate and  Assem-
        bly, do enact as follows:
     1    Section  1.  The  Alzheimer's  research bond act of 2017 is enacted to
     2  read as follows:
     3                     ALZHEIMER'S RESEARCH BOND ACT OF 2017
     4  Section 1. Short title.
     5          2. Creation of a state debt.
     6          3. Bonds of the state.
     7          4. Consistency with federal tax law.
     8          5. Use of moneys received.
     9    Section 1. Short title. This act shall be known and may  be  cited  as
    10  the "Alzheimer's research bond act of 2017".
    11    §  2.  Creation  of  a  state debt. The creation of a state debt to an
    12  amount  not   exceeding   in   the   aggregate   one   billion   dollars
    13  ($1,000,000,000)  is  hereby authorized to provide moneys for the single
    14  purpose of funding research grants and financing collaborations  related
    15  to  scientific  research of Alzheimer's disease including causes, treat-
    16  ment and clinical trials of medications.
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD03312-03-6