Senate Bill S6770

2013-2014 Legislative Session

Creates the urban restoration bond act of 2014

download bill text pdf

Sponsored By

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

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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) - Summary

Creates the urban restoration bond act of 2014; funds 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.

2013-S6770 (ACTIVE) - Sponsor Memo

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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