Loading chat...

NY A03776

Bill

Official Source

Status

Introduced

2/8/2023

Primary Sponsor

William Conrad

Click for details

Origin

Assembly

2023-2024 General Assembly

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 limitation calculations
  • Extends the deadline for sewage facility indebtedness exclusion from January 1, 2024 to January 1, 2034
  • Applies to indebtedness contracted on or after January 1, 1962 and prior to January 1, 2034 for construction or reconstruction of sewage conveyance, treatment, and disposal facilities
  • Requires the legislature to prescribe the method and terms under which the amount of excluded indebtedness shall be determined
  • Directs submission of the proposed amendment to voters for approval at the 2023 general election

Legislative Description

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

Last Action

substituted by s4597

5/17/2023

Committee Referrals

Rules5/16/2023
Ways and Means3/21/2023
Judiciary2/14/2023
Local Governments2/8/2023

Full Bill Text

No bill text available