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NY A07049
Bill
Status
Introduced
5/10/2023
Primary Sponsor
John McDonald
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AI Summary
- Removes city school districts from the local finance law's debt contracting limitations, eliminating their separate 5% debt limit category
- Eliminates the provision allowing city school districts to exceed the 5% debt limit with 60% voter approval and consent from the Board of Regents and State Comptroller
- Modifies section 104.00 of the Local Finance Law by striking references to "school district in a city" from paragraphs b, c, and d
- Changes a reference from "chapter" to "article" in section 137.00 of the Local Finance Law
- Takes effect on the same date as concurrent resolution S. 5025 and A. 1771-A proposing constitutional amendments to section 4 of article 8 regarding local indebtedness limitations
Legislative Description
Relates to the contracting of indebtedness by city school districts; removes provisions relating thereto.
Last Action
substituted by s6549
6/9/2023
Committee Referrals
Rules6/8/2023
Ways and Means6/8/2023
Education5/10/2023
Full Bill Text
No bill text available