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NY S00908
Bill
Status
1/9/2023
Primary Sponsor
James Tedisco
Click for details
AI Summary
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Requires all state debt ballot propositions to include an estimate of the anticipated amortization period and total expected debt service payable on the bonds.
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Mandates the state comptroller provide this debt service information to the state board of elections and secretary of state within seven days after passage of the authorizing law.
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Requires the information be printed in the largest practicable type on ballots and in the weekly publication of proposed amendments and propositions preceding any election.
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Applies the same debt service disclosure requirements to any state department, agency, or government publication distributed to the public that promotes awareness or explains a state debt proposition.
Legislative Description
Requires that any ballot proposition creating a state debt shall contain an estimate of the amortization period and the total expected debt service payable thereon until the bonds issued pursuant to such proposition are retired.
Last Action
REFERRED TO ELECTIONS
1/3/2024