Senate Bill S4597

2023-2024 Legislative Session

Relates to excluding certain indebtedness for the construction of sewage facilities in determining current local debt limitation

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Current Bill Status - Passed Senate & Assembly


  • Introduced
    • In Committee Assembly
    • In Committee Senate
    • On Floor Calendar Assembly
    • On Floor Calendar Senate
    • Passed Assembly
    • Passed Senate
  • Delivered to Governor
  • Signed By Governor

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2023-S4597 (ACTIVE) - Details

See Assembly Version of this Bill:
A3776
Law Section:
Constitution, Concurrent Resolutions to Amend
Laws Affected:
Amd Art 8 §5, Constn
Versions Introduced in 2021-2022 Legislative Session:
S8931, A9958

2023-S4597 (ACTIVE) - Summary

Excludes indebtedness for the construction of sewage facilities contracted prior to 2034 in determining current local debt limitation.

2023-S4597 (ACTIVE) - Sponsor Memo

2023-S4597 (ACTIVE) - Bill Text download pdf

                             
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   4597
 
                        2023-2024 Regular Sessions
 
                             I N  S E N A T E
 
                             February 10, 2023
                                ___________
 
 Introduced  by Sen. MARTINEZ -- (at request of the State Comptroller) --
   read twice and ordered printed, and when printed to  be  committed  to
   the Committee on Judiciary
 
             CONCURRENT RESOLUTION OF THE SENATE AND ASSEMBLY
 
 proposing an amendment to section 5 of article 8 of the constitution, in
   relation to the exclusion of indebtedness contracted for sewage facil-
   ities
 
   Section  1.  Resolved  (if  the  Assembly concur), That paragraph E of
 section 5 of article 8  of  the  constitution  be  amended  to  read  as
 follows:
   E. Indebtedness contracted on or after January first, nineteen hundred
 sixty-two  and  prior to January first, two thousand [twenty-four] THIR-
 TY-FOUR, for the construction or reconstruction of  facilities  for  the
 conveyance,  treatment  and  disposal  of  sewage. The legislature shall
 prescribe the method by which and the terms and conditions  under  which
 the  amount of any such indebtedness to be excluded shall be determined,
 and no such indebtedness shall be excluded  except  in  accordance  with
 such determination.
   §  2.  RESOLVED (if the Assembly concur), That the foregoing amendment
 be submitted to the people for approval at the general  election  to  be
 held in the year 2023 in accordance with provisions of the election law.
 
 
 
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD89052-01-3



              

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