A 7455

  • New York Assembly Bill
  • 2021 Regular Session
  • Introduced in Assembly
  • Assembly
  • Senate
  • Governor

Requires propositions authorizing creation of a state debt to contain an estimate of the debt service payable and publish an explanation thereof

Abstract

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.

Bill Sponsors (1)

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Actions


May 10, 2022

Assembly

HELD FOR CONSIDERATION IN ELECTION LAW

Jan 05, 2022

Assembly

REFERRED TO ELECTION LAW

May 10, 2021

Assembly

REFERRED TO ELECTION LAW

Bill Text

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