S 34 NY

Requires propositions authorizing creation of a state debt to contain an estimate of the debt service payable and publish an explanation thereof

NY · session 2025-2026 · Senate · bill

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Introduced Jan 8, 2025

Latest action (Jan 7, 2026) REFERRED TO ELECTIONS

Summary

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; relates to deposits to the tax stabilization reserve fund; provides that at least 10% of any surplus shall be used to pay down state debt.

Sponsor (1)

James Tedisco Republican · primary

Action history (2)

Jan 8, 2025 REFERRED TO ELECTIONS · upper
Jan 7, 2026 REFERRED TO ELECTIONS · upper

Text versions (2)

The published texts of this bill as it moves through the legislature. Each links to the official document on the state legislature site. Data from OpenStates.

S34 · HTML
S34 · PDF

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