Bill Text: NY A07062 | 2019-2020 | General Assembly | Introduced

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Bill Title: Relates to the definition of school districts which have the power to contract indebtedness; excludes from such definition school districts in a city with a population exceeding 125,000 inhabitants.

Spectrum: Moderate Partisan Bill (Democrat 4-1)

Status: (Vetoed) 2019-12-06 - VETOED MEMO.182 [A07062 Detail]

Download: New_York-2019-A07062-Introduced.html

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                STATE OF NEW YORK
        ________________________________________________________________________
                                          7062
                               2019-2020 Regular Sessions
                   IN ASSEMBLY
                                      April 4, 2019
                                       ___________
        Introduced by M. of A. McDONALD -- read once and referred to the Commit-
          tee on Local Governments
        AN  ACT  to amend the local finance law, in relation to allowing certain
          school districts to deduct state apportionments for  debt  service  in
          the calculation of limits for bonded indebtedness
          The  People of the State of New York, represented in Senate and Assem-
        bly, do enact as follows:
     1    Section 1. Subparagraph 2 of paragraph a  of  section  121.20  of  the
     2  local  finance  law,  as  amended by chapter 506 of the laws of 1964, is
     3  amended to read as follows:
     4    2. The term "school district" shall mean a school district other  than
     5  a  school  district  in  a  city with a population exceeding one hundred
     6  twenty-five thousand inhabitants.
     7    § 2. This act shall take effect immediately.
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD10806-01-9