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A02460 Summary:

BILL NOA02460
 
SAME ASNo Same As
 
SPONSORTedisco
 
COSPNSRMontesano, Lalor, Malliotakis
 
MLTSPNSRBarclay, Crouch, Finch, Goodell, Kolb, McLaughlin, Oaks, Raia, Tenney, Thiele
 
Add S7-112, amd S4-116, El L; add SS6 & 65-a, amd SS92 & 97-rrr, St Fin L
 
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.
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