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NY S01565
Bill
Status
1/10/2025
Primary Sponsor
James Tedisco
Click for details
AI Summary
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Requires all ballot propositions authorizing state debt to include an estimate of the anticipated amortization period (number of years) and total expected debt service payments until bonds are retired
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Mandates this debt information be printed in the largest practicable type size on the ballot proposition
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Directs the State Comptroller to provide amortization and debt service estimates to the State Board of Elections and Secretary of State within 7 days of the authorizing law's passage
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Requires the State Board of Elections to include these debt estimates when publishing pre-election abstracts of constitutional amendments or propositions
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Applies the same disclosure requirements to any state government reports, publications, or pamphlets intended to promote awareness of or explain debt-creating propositions
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
1/7/2026