assembly Bill A9988

2021-2022 Legislative Session

Relates to limitations on local indebtedness

download bill text pdf

Sponsored By

Current Bill Status Via S8803 - 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 (14)
Assembly Actions - Lowercase
Senate Actions - UPPERCASE
Jun 15, 2022 delivered to secretary of state
Jun 02, 2022 returned to senate
passed assembly
ordered to third reading rules cal.631
substituted for a9988
Jun 02, 2022 substituted by s8803
rules report cal.631
reported
reported referred to rules
May 31, 2022 reported referred to ways and means
May 26, 2022 reference changed to judiciary
May 10, 2022 opinion referred to judiciary
May 02, 2022 to attorney-general for opinion
Apr 29, 2022 referred to education

Co-Sponsors

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Multi-Sponsors

A9988 (ACTIVE) - Details

See Senate Version of this Bill:
S8803
Law Section:
Constitution, Concurrent Resolutions to Amend
Laws Affected:
Amd Art 8 §4, Constn

A9988 (ACTIVE) - Summary

Relates to limitations on local indebtedness; removes school districts from those not permitted to contract indebtedness.

A9988 (ACTIVE) - Bill Text download pdf

 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   9988
 
                           I N  A S S E M B L Y
 
                              April 29, 2022
                                ___________
 
 Introduced by M. of A. McDONALD -- read once and referred to the Commit-
   tee on Education
 
             CONCURRENT RESOLUTION OF THE SENATE AND ASSEMBLY
 
 proposing an amendment to section 4 of article 8 of the constitution, in
   relation to limitations on local indebtedness
 
   Section  1. Resolved (if the Senate concur), That section 4 of article
 8 of the constitution be amended to read as follows:
   § 4. Except as otherwise provided in  this  constitution,  no  county,
 city,  town[,] OR village [or school district] described in this section
 shall be allowed to contract indebtedness for  any  purpose  or  in  any
 manner  which,  including  existing indebtedness, shall exceed an amount
 equal to the following percentages of  the  average  full  valuation  of
 taxable  real estate of such county, city, town[,] OR village [or school
 district]:
   (a) the county of Nassau, for county purposes, ten per centum;
   (b) any county, other than the county of Nassau, for county  purposes,
 seven per centum;
   (c) the city of New York, for city purposes, ten per centum;
   (d)  any  city,  other  than  the city of New York, having one hundred
 twenty-five thousand or more inhabitants according to the latest federal
 census, for city purposes, nine per centum;
   (e) any city having less than one hundred twenty-five thousand  inhab-
 itants  according  to  the  latest  federal  census,  for city purposes,
 [excluding education purposes,] seven per centum;
   (f) any town, for town purposes, seven per centum; AND
   (g) any village for village purposes, seven per centum[; and
   (h) any school district which is coterminous with, or  partly  within,
 or  wholly within, a city having less than one hundred twenty-five thou-
 sand inhabitants according to the latest federal census,  for  education
 purposes,  five  per centum; provided, however, that such limitation may
 be increased in  relation  to  indebtedness  for  specified  objects  or
 purposes  with (1) the approving vote of sixty per centum or more of the
 duly qualified voters of such school district voting  on  a  proposition
 therefor  submitted at a general or special election, (2) the consent of
 The Regents of the University of the State  of  New  York  and  (3)  the

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