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A06935 Summary:

BILL NOA06935
 
SAME ASSAME AS S04140
 
SPONSOROaks
 
COSPNSRMontesano, Lalor, Malliotakis, Castorina, Friend, Giglio, Lupinacci, Ra, Walsh, Walter
 
MLTSPNSRBarclay, Blankenbush, Crouch, Finch, Goodell, Hawley, Kolb, McDonough, McLaughlin, Raia
 
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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