senate Bill S5425

2019-2020 Legislative Session

Relates to the definition of school districts which have the power to contract indebtedness

download bill text pdf

Sponsored By

Current Bill Status - Passed Senate & Assembly


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

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Actions

view actions (11)
Assembly Actions - Lowercase
Senate Actions - UPPERCASE
Jun 20, 2019 returned to senate
passed assembly
ordered to third reading rules cal.689
substituted for a7062
Jun 14, 2019 referred to local governments
delivered to assembly
passed senate
Jun 03, 2019 advanced to third reading
May 30, 2019 2nd report cal.
May 29, 2019 1st report cal.941
Apr 30, 2019 referred to local government

Co-Sponsors

S5425 (ACTIVE) - Details

See Assembly Version of this Bill:
A7062
Law Section:
Local Finance Law
Laws Affected:
Amd §121.20, Loc Fin L

S5425 (ACTIVE) - Summary

Relates to the definition of school districts which have the power to contract indebtedness; excludes from such definition school districts in a city with a population exceeding 125,000 inhabitants.

S5425 (ACTIVE) - Sponsor Memo

S5425 (ACTIVE) - Bill Text download pdf


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

                                  5425

                       2019-2020 Regular Sessions

                            I N  S E N A T E

                             April 30, 2019
                               ___________

Introduced  by  Sens.  MAYER, BRESLIN -- read twice and ordered printed,
  and when printed to be committed to the Committee on Local Government

AN ACT to amend the local finance law, in relation to  allowing  certain
  school  districts  to  deduct state apportionments for debt service in
  the calculation of limits for bonded indebtedness

  THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
BLY, DO ENACT AS FOLLOWS:

  Section  1.  Subparagraph  2  of  paragraph a of section 121.20 of the
local finance law, as amended by chapter 506 of the  laws  of  1964,  is
amended to read as follows:
  2.  The term "school district" shall mean a school district other than
a school district in a city WITH  A  POPULATION  EXCEEDING  ONE  HUNDRED
TWENTY-FIVE THOUSAND INHABITANTS.
  § 2. This act shall take effect immediately.






 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD10806-01-9

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