Assembly Bill A1771A

2023-2024 Legislative Session

Relates to limitations on local indebtedness

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Sponsored By

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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Actions

Bill Amendments

co-Sponsors

multi-Sponsors

2023-A1771 - Details

See Senate Version of this Bill:
S5025
Law Section:
Constitution, Concurrent Resolutions to Amend
Laws Affected:
Amd Art 8 §4, Constn
Versions Introduced in 2021-2022 Legislative Session:
A9988, S8803

2023-A1771 - Summary

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

2023-A1771 - Bill Text download pdf

                             
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   1771
 
                        2023-2024 Regular Sessions
 
                           I N  A S S E M B L Y
 
                             January 20, 2023
                                ___________
 
 Introduced  by  M.  of  A.  McDONALD, WALLACE, BURDICK, LUPARDO, HUNTER,
   SAYEGH, ANGELINO, LUNSFORD, FAHY, OTIS -- Multi-Sponsored by -- M.  of
   A. COOK, SIMON -- read once and referred to the Committee on Judiciary
 
             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

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

co-Sponsors

multi-Sponsors

2023-A1771A (ACTIVE) - Details

See Senate Version of this Bill:
S5025
Law Section:
Constitution, Concurrent Resolutions to Amend
Laws Affected:
Amd Art 8 §4, Constn
Versions Introduced in 2021-2022 Legislative Session:
A9988, S8803

2023-A1771A (ACTIVE) - Summary

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

2023-A1771A (ACTIVE) - Bill Text download pdf

                             
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                  1771--A
 
                        2023-2024 Regular Sessions
 
                           I N  A S S E M B L Y
 
                             January 20, 2023
                                ___________
 
 Introduced  by  M.  of  A.  McDONALD, WALLACE, BURDICK, LUPARDO, HUNTER,
   SAYEGH, ANGELINO, LUNSFORD, FAHY, OTIS, WOERNER -- Multi-Sponsored  by
   --  M. of A. COOK, SIMON -- read once and referred to the Committee on
   Judiciary -- reported and referred to the Committee on Ways and  Means
   --  committee  discharged,  bill amended, ordered reprinted as amended
   and recommitted to said committee
 
             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-

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

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