A2231 (2025-26 session)
NY State bill
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.
- Title
- Requires propositions authorizing creation of a state debt to contain an estimate of the debt service payable and publish an explanation thereof
- Type
- New York State Assembly bill
- Session
- 2025-26 session
- Status
- In Assembly Committee
- Latest action date
- 2026-01-07
- In committee
- Election Law
- Introduced
- 2025-01-15
- Same as
- S34
- Law section
- Election Law
Sponsors
- Edward P. Ra Assembly Member, District 19
Heard in committee
- Election Law NY State Assembly committee