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NY S08931
Bill
Status
Engrossed
5/31/2022
Primary Sponsor
James Gaughran
Click for details
AI Summary
- Proposes amendment to section 5 of article 8 of the New York State Constitution regarding exclusion of indebtedness for sewage facilities from debt calculations
- Extends the deadline for excluding sewage facility indebtedness from January 1, 2024 to January 1, 2034
- Applies to indebtedness contracted between January 1, 1962 and January 1, 2034 for construction, reconstruction, conveyance, treatment, and disposal of sewage facilities
- Requires the legislature to prescribe the method and terms for determining the amount of indebtedness to be excluded
- Concurrent resolution that must be referred to the first regular legislative session after the next general election and published for 3 months before that election
Legislative Description
Excludes indebtedness for the construction of sewage facilities contracted prior to 2034 in determining current local debt limitation.
Last Action
DELIVERED TO SECRETARY OF STATE
6/15/2022
Committee Referrals
Judiciary5/31/2022
Rules5/25/2022
Judiciary4/29/2022
Full Bill Text
No bill text available