Assembly Bill A7062

Vetoed By Governor
2019-2020 Legislative Session

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

download bill text pdf

Sponsored By

Archive: Last Bill Status Via S5425 - Vetoed by Governor

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

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2019-A7062 (ACTIVE) - Details

See Senate Version of this Bill:
S5425
Law Section:
Local Finance Law
Laws Affected:
Amd §121.20, Loc Fin L

2019-A7062 (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.

2019-A7062 (ACTIVE) - Bill Text download pdf 

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   7062
 
                        2019-2020 Regular Sessions
 
                           I N  A S S E M B L Y
 
                               April 4, 2019
                                ___________
 
 Introduced by M. of A. McDONALD -- read once and referred to the Commit-
   tee on Local Governments
 
 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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