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Assembly Bill A10384

2011-2012 Legislative Session

Proposes an amendment to the constitution to allow school districts to give or loan money or property to or in aid of an individual or private corporation

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Archive: Last Bill Status - In Assembly Committee

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2011-A10384 (ACTIVE) - Details

Current Committee:
Assembly Education
Law Section:
Constitution, Concurrent Resolutions to Amend
Laws Affected:
Amd Art 8 ยง1, Constn
Versions Introduced in Other Legislative Sessions:
2013-2014: A4435
2015-2016: A4525

2011-A10384 (ACTIVE) - Summary

Proposes an amendment to the constitution to allow school districts to give or loan money or property to or in aid of an individual or private corporation.

2011-A10384 (ACTIVE) - Bill Text download pdf

                            
                    S T A T E   O F   N E W   Y O R K
________________________________________________________________________

                                  10384

                          I N  A S S E M B L Y

                              May 24, 2012
                               ___________

Introduced  by  M. of A. RAIA -- read once and referred to the Committee
  on Education

            CONCURRENT RESOLUTION OF THE SENATE AND ASSEMBLY

proposing an amendment to section 1 of article 8 of the constitution, in
  relation to allowing school districts to give or loan money or proper-
  ty to or in aid of an individual or private corporation

  Section 1. Resolved (if the Senate concur), That section 1 of  article
8 of the constitution is amended to read as follows:
  Section  1.  No  county, city, town[,] OR village [or school district]
shall give or loan any money or property to or in aid of any individual,
or private corporation or association, or private undertaking, or become
directly or indirectly the owner of stock in, or bonds of,  any  private
corporation  or  association;  nor  shall  any  county, city, town[,] OR
village [or school district] give or loan its credit to or in aid of any
individual, or public or private corporation or association, or  private
undertaking, except that two or more such units may join together pursu-
ant  to  law  in  providing any municipal facility, service, activity or
undertaking which each of such units has the power to provide  separate-
ly.  Each  such  unit  may  be authorized by the legislature to contract
joint or several indebtedness, pledge its or their faith and credit  for
the  payment  of  such  indebtedness for such joint undertaking and levy
real estate or other authorized taxes or impose charges therefor subject
to the provisions of this constitution otherwise restricting  the  power
of  such units to contract indebtedness or to levy taxes on real estate.
The legislature shall have power to provide by law for  the  manner  and
the  proportion  in  which indebtedness arising out of such joint under-
takings shall be incurred by such units and shall have power to  provide
a  method  by which such indebtedness shall be determined, allocated and
apportioned among such units and such indebtedness treated for  purposes
of  exclusion  from applicable constitutional limitations, provided that
in no event shall more than the total amount  of  indebtedness  incurred
for  such joint undertaking be included in ascertaining the power of all
such participating units to incur indebtedness.  Such  law  may  provide
that  such  determination, allocation and apportionment shall be conclu-
sive if made or approved by the comptroller. This  provision  shall  not

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
              

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