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Assembly Bill A4525

2015-2016 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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2015-A4525 (ACTIVE) - Details

Law Section:
Constitution, Concurrent Resolutions to Amend
Laws Affected:
Amd Art 8 ยง1, Constn
Versions Introduced in Other Legislative Sessions:
2011-2012: A10384
2013-2014: A4435

2015-A4525 (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.

2015-A4525 (ACTIVE) - Bill Text download pdf

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

                                  4525

                       2015-2016 Regular Sessions

                          I N  A S S E M B L Y

                            February 3, 2015
                               ___________

Introduced  by M. of A. RAIA, GRAF, FINCH -- Multi-Sponsored by -- M. of
  A. McLAUGHLIN, SKARTADOS, TENNEY -- 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

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
              

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