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A03082 Summary:

BILL NOA03082
 
SAME ASSAME AS S00043
 
SPONSORRa
 
COSPNSR
 
MLTSPNSR
 
Add §7-112, amd §4-116, El L; add §§6 & 65-a, amd §§92 & 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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