|Assembly Actions - Lowercase
Senate Actions - UPPERCASE
|Jun 04, 2018||reported and committed to rules|
|Jan 03, 2018||referred to elections|
|May 22, 2017||reported and committed to finance|
|Feb 09, 2017||referred to elections|
senate Bill S4322
Archive: Last Bill Status - In Senate Committee Rules Committee
- In Committee
- On Floor Calendar
- Passed Senate
- Passed Assembly
- Delivered to Governor
- Signed/Vetoed by Governor
S4322 (ACTIVE) - Details
S4322 (ACTIVE) - Sponsor Memo
BILL NUMBER: S4322 TITLE OF BILL : An act to amend the election law and the state finance law, in relation to requiring proposition authorizing the creation of a state debt to contain an estimate of the debt service payable thereon and requiring publication of an explanation thereof PURPOSE OR GENERAL IDEA OF BILL : This bill would provide greater accuracy and understanding for the voting public by requiring the listing of the total debt expected from a bond act in the ballot proposition, as well as in any state publication designed to promote awareness of, or explain the provisions in, such proposition. SUMMARY OF SPECIFIC PROVISIONS : Adds a new S7-112 to the Election Law to require that any ballot proposition creating a state debt shall contain an estimate of the amortization period and total expected debt service payments. Amends S4-116 of the Election Law to incorporate such reference in ballot publication requirements. Adds a new S6 to the State Finance Law to require that any state publications promoting awareness of, or explaining provisions in, such a proposition shall include the amortization and total debt information.
S4322 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 4322 2017-2018 Regular Sessions I N S E N A T E February 9, 2017 ___________ Introduced by Sen. TEDISCO -- read twice and ordered printed, and when printed to be committed to the Committee on Elections AN ACT to amend the election law and the state finance law, in relation to requiring proposition authorizing the creation of a state debt to contain an estimate of the debt service payable thereon and requiring publication of an explanation thereof THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. The election law is amended by adding a new section 7-112 to read as follows: § 7-112. BALLOTS; FORM FOR PROPOSITION; ADDITIONAL REQUIREMENTS. EACH DULY CERTIFIED PROPOSITION CONTAINED ON THE BALLOT AND SUBMITTED TO THE VOTERS OF THE STATE WHICH PROVIDES FOR THE CREATION OF A STATE DEBT SHALL CONTAIN AN ESTIMATE OF THE ANTICIPATED NUMBER OF YEARS OVER WHICH SUCH DEBT SHALL BE AMORTIZED AND THE TOTAL EXPECTED DEBT SERVICE PAYABLE ON THE PRINCIPAL AMOUNT OF SUCH BONDS UNTIL THEIR RETIREMENT. SUCH INFORMATION SHALL BE PRINTED IN THE LARGEST TYPE WHICH IS PRACTICABLE TO USE IN THE SPACE PROVIDED FOR THE PROPOSITION. SUCH INFORMATION SHALL BE PROVIDED TO THE STATE BOARD OF ELECTIONS AND THE SECRETARY OF STATE BY THE STATE COMPTROLLER NOT LATER THAN SEVEN DAYS AFTER THE PASSAGE OF THE LAW AUTHORIZING SUCH PROPOSITION. § 2. Subdivision 2 of section 4-116 of the election law, as amended by chapter 60 of the laws of 1993, is amended to read as follows: 2. The state board of elections shall publish once in the week preced- ing any election at which proposed constitutional amendments or other propositions or questions are to be submitted to the voters of the state an abstract of such amendment or question, INCLUDING THE ESTIMATE OF THE AMORTIZATION PERIOD AND THE TOTAL ANTICIPATED DEBT SERVICE WHERE THE PROPOSITION AUTHORIZES THE CREATION OF A STATE DEBT, a brief statement of the law or proceedings authorizing such submission, a statement that EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD06371-01-7
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