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


  • Introduced
  • In Committee
  • On Floor Calendar
    • Passed Senate
    • Passed Assembly
  • Delivered to Governor
  • Signed/Vetoed by Governor

do you support this legislation?

You must fill out the form below in order to support or oppose this bill. X

You must login or fill out the fields below for the senator to have an accurate account of the support or opposition to this bill.

Create an account. An account allows you to officially support or oppose key legislation, sign petitions with a single click, and follow issues, committees, and bills that matter to you. When you create an account, you agree to this platform's terms of participation.
Use this box to enter a message to your senator.

Actions

view actions (1)
Assembly Actions - Lowercase
Senate Actions - UPPERCASE
Mar 07, 2014 referred to infrastructure and capital investment

S6770 - Details

See Assembly Version of this Bill:
A9255
Law Section:
Cities

S6770 - 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.

S6770 - Sponsor Memo

S6770 - 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

Comments

Open Legislation comments facilitate discussion of New York State legislation. All comments are subject to moderation. Comments deemed off-topic, commercial, campaign-related, self-promotional; or that contain profanity or hate speech; or that link to sites outside of the nysenate.gov domain are not permitted, and will not be published. Comment moderation is generally performed Monday through Friday.

By contributing or voting you agree to the Terms of Participation and verify you are over 13.