· NY legislature · 2025-2026

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

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…

Sponsor

Ed Ra (R-NY)

Introduced

2025-01-15

Policy area

Economics and Public Finance

Latest action

REFERRED TO ELECTION LAW