Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Mar 07, 2014 |
referred to infrastructure and capital investment |
Senate Bill S6770
2013-2014 Legislative Session
Sponsored By
(D, IP) Senate District
Archive: Last Bill Status - In Senate Committee Infrastructure And Capital Investment 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-S6770 (ACTIVE) - Details
- See Assembly Version of this Bill:
- A9255
- Current Committee:
- Senate Infrastructure And Capital Investment
- Law Section:
- Cities
- Versions Introduced in Other Legislative Sessions:
-
2015-2016:
A3503
2017-2018: A2250
2019-2020: A4830
2013-S6770 (ACTIVE) - Sponsor Memo
BILL NUMBER:S6770 TITLE OF BILL: 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 PURPOSE: This bill would authorize the creation of a state debt, pursuant to referendum, in the amount of two billion dollars, for the purpose of improving the infrastructure of cities in the state. SUMMARY OF PROVISIONS: Section one of the bill creates the short title of the bill: "the urban restoration bond act of 2014". Section two of the bill provides for the creation of a state debt in an amount not to exceed $2,000,000,000 to provide moneys for the single purpose of improving the infrastructure of cities of the state by funding capital projects.
2013-S6770 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 6770 I N S E N A T E March 7, 2014 ___________ Introduced by Sen. VALESKY -- read twice and ordered printed, and when printed to be committed to the Committee on Infrastructure and Capital Investment 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. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD14049-01-4
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