senate Bill S961

2013-2014 Legislative Session

Relates to the authorization of debt in times of public emergency

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Archive: Last Bill Status - In 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

S961 - Details

Current Committee:
Law Section:
Constitution, Concurrent Resolutions to Amend
Laws Affected:
Amd Art 7 ยงยง10, 11 & 13, Constn
Versions Introduced in Previous Legislative Sessions:
2011-2012: S2391A
2009-2010: S525

S961 - Summary

Relates to the authorization of debt in times of public emergency; limits the total amount of state debt; establishes a debt management board; relates to the refunding of state debts.

S961 - Sponsor Memo

S961 - Bill Text download pdf

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

                                   961

                       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
  the authorization of debt in times of public emergency, a limit on the
  total  amount  of  state  debt, the establishment of a debt management
  board and refunding of state debts

  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,  THE  ATTORNEY  GENERAL  AND
TWO-THIRDS  OF THE MEMBERS ELECTED TO EACH HOUSE OF THE LEGISLATURE; AND
THE GOVERNOR SHALL HAVE POWER TO SUMMON THE COMPTROLLER AND THE ATTORNEY
GENERAL AND CONVENE THE LEGISLATURE IN  EXTRAORDINARY  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 THERE-
OF  HAS  GIVEN THEIR DISAPPROVAL OF THE DEBT PROPOSED BY THE GOVERNOR TO
ENABLE THE STATE TO RESPOND TO SUCH EMERGENCY: THE GOVERNOR,  THE  COMP-
TROLLER, THE ATTORNEY GENERAL, 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 ATTORNEY GENERAL, THE
SENATE AND THE ASSEMBLY, WHO SHALL APPROVE OR DISAPPROVE SUCH RESOLUTION
WITHOUT 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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