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NY A09691
Bill
Status
5/30/2012
Primary Sponsor
William Magnarelli
Click for details
AI Summary
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Extends the deadline for excluding sewage facility indebtedness from constitutional debt limits from January 1, 2014 to January 1, 2024
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Applies to indebtedness contracted on or after January 1, 1962 and prior to January 1, 2024 for construction or reconstruction of sewage conveyance, treatment, and disposal facilities
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Requires the legislature to prescribe the method and terms for determining the amount of indebtedness to be excluded from debt calculations
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Mandates the amendment be referred to the first regular legislative session after the next general election and published for 3 months before that election in accordance with constitutional requirements
Legislative Description
Extends until January 1, 2024 the authority of counties, cities, towns & villages to exclude from their constitutional debt limits indebtedness contracted from the construction and reconstruction of facilities for the conveyance, treatment and disposal of sewage.
Last Action
delivered to secretary of state
7/20/2012