senate Bill S960

2013-2014 Legislative Session

Relates to authorization of debt in times of public emergency; and a limit on state funded debt and refunding of state debts

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

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Actions

view actions (6)
Assembly Actions - Lowercase
Senate Actions - UPPERCASE
Feb 19, 2014 opinion referred to judiciary
Jan 13, 2014 to attorney-general for opinion
Jan 08, 2014 referred to judiciary
Feb 06, 2013 opinion referred to judiciary
Jan 11, 2013 to attorney-general for opinion
Jan 09, 2013 referred to judiciary

S960 - Details

Current Committee:
Law Section:
Constitution, Concurrent Resolutions to Amend
Laws Affected:
Amd Art 7 ยงยง10, 11 & 16, Constn
Versions Introduced in 2011-2012 Legislative Session:
S7544

S960 - Summary

Relates to authorization of debt in times of public emergency; relates to a limit on state funded debt and refunding of state debts.

S960 - Sponsor Memo

S960 - Bill Text download pdf

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

                                   960

                       2013-2014 Regular Sessions

                            I N  S E N A T E

                               (PREFILED)

                             January 9, 2013
                               ___________

Introduced  by  Sen.  LIBOUS -- read twice and ordered printed, and when
  printed to be committed to the Committee on Judiciary

            CONCURRENT RESOLUTION OF THE SENATE AND ASSEMBLY

proposing amendments to article 7 of the constitution,  in  relation  to
  authorization  of  debt  in  times of public emergency, a limit on the
  total amount of state-funded  debt,  the  refunding  of  state  debts,
  providing  for the use of conference committees, consensus forecasting
  and the submission of a capital program and financing plan

  Section 1. Resolved (if the Assembly concur), That section 10 of arti-
cle 7 of the constitution be amended to read as follows:
  S 10. In addition to the above limited power to  contract  debts,  the
state  may contract debts to repel invasion, suppress insurrection, [or]
defend the state in war, [or] to suppress forest fires OR TO RESPOND  TO
ANY  OTHER EMERGENCY STEMMING FROM A DISASTER INCLUDING, BUT NOT LIMITED
TO, A DISASTER CAUSED BY AN ACT OF TERRORISM; but the money arising from
the contracting of such debts shall be applied for the purpose for which
it was raised, or to repay such debts, and to no other purpose whatever.
NO DEBT SHALL BE CONTRACTED PURSUANT TO THIS SECTION WITHOUT THE CONCUR-
RENCE OF THE GOVERNOR, THE COMPTROLLER, AND A MAJORITY  OF  THE  MEMBERS
ELECTED  TO  EACH  HOUSE OF THE LEGISLATURE; AND THE GOVERNOR SHALL HAVE
POWER TO SUMMON THE COMPTROLLER AND CONVENE THE LEGISLATURE IN  EXTRAOR-
DINARY  SESSION  FOR  THE PURPOSE OF CONSIDERING SUCH EMERGENCY DEBT. AT
THE TIME, DATE AND PLACE APPOINTED BY THE  GOVERNOR,  NO  OTHER  SUBJECT
SHALL  BE ACTED UPON UNTIL EACH, IN THE FOLLOWING ORDER, HAS GIVEN THEIR
APPROVAL OR ANY ONE THEREOF HAS GIVEN  THEIR  DISAPPROVAL  OF  THE  DEBT
PROPOSED BY THE GOVERNOR TO ENABLE THE STATE TO RESPOND TO SUCH EMERGEN-
CY:  THE  GOVERNOR,  THE  COMPTROLLER,  THE SENATE AND THE ASSEMBLY. THE
PROPOSAL OF SUCH EMERGENCY DEBT SHALL BE IN THE  FORM  OF  A  RESOLUTION
PREPARED  AND  SUBMITTED  BY THE GOVERNOR TO THE COMPTROLLER, THE SENATE
AND THE ASSEMBLY, WHO SHALL APPROVE OR DISAPPROVE SUCH RESOLUTION  WITH-
OUT  ANY  CHANGES  THERETO;  AND  IF  SUCH RESOLUTION IS APPROVED BY THE

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

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