Bill Text: NY S05425 | 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: Partisan Bill (Democrat 2-0)

Status: (Vetoed) 2019-12-06 - VETOED MEMO.182 [S05425 Detail]

Download: New_York-2019-S05425-Introduced.html

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                STATE OF NEW YORK
        ________________________________________________________________________
                                          5425
                               2019-2020 Regular Sessions
                    IN SENATE
                                     April 30, 2019
                                       ___________
        Introduced  by  Sens.  MAYER, BRESLIN -- read twice and ordered printed,
          and when printed to be committed to the Committee on Local Government
        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