Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Apr 03, 2014 |
referred to cities |
Assembly Bill A9255
2013-2014 Legislative Session
Sponsored By
ORTIZ
Archive: Last Bill Status - In Assembly Committee
- Introduced
-
- In Committee Assembly
- In Committee Senate
-
- On Floor Calendar Assembly
- On Floor Calendar Senate
-
- Passed Assembly
- Passed Senate
- Delivered to Governor
- Signed By Governor
Actions
2013-A9255 (ACTIVE) - Details
2013-A9255 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 9255 I N A S S E M B L Y April 3, 2014 ___________ Introduced by M. of A. ORTIZ -- read once and referred to the Committee on Cities AN ACT in relation to authorizing the creation of a state debt in the amount of two billion dollars, in relation to creating the urban restoration bond act of 2014 for the purposes of funding capital projects to provide for improving the infrastructure of cities of this state; and providing for the submission to the people of a proposition or question therefor to be voted upon at the general election to be held in November, 2014 THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. The urban restoration bond act of 2014 is enacted to read as follows: URBAN RESTORATION BOND ACT OF 2014 Section 1. Short title. 2. Creation of a state debt. 3. Bonds of the state. 4. Use of moneys received. S 1. Short title. This act shall be known and may be cited as the "urban restoration bond act of 2014". S 2. Creation of a state debt. The creation of a state debt in an amount not exceeding in the aggregate two billion dollars ($2,000,000,000) is hereby authorized to provide moneys for the single purpose of improving the infrastructure of cities of this state by fund- ing capital projects to repair, rehabilitate, construct, enhance, expand and modernize transportation systems, roads, bridges, water supply systems, drainage systems, and publicly owned storm and sanitary sewers. The legislature may, by appropriate legislation and subject to such conditions as it may impose, make available out of the proceeds of the sale of bonds authorized in this act, moneys disbursed or to be disbursed for the cost of approved capital projects undertaken by, or on behalf of, cities for such purposes. S 3. Bonds of the state. The state comptroller is hereby authorized and empowered to issue and sell bonds of the state up to the aggregate EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted.
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