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A 2231

New York Assembly bill in Session 2025-2026.

Status: in_committee. Latest action: January 7, 2026.

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

Bill ID NY-2025-2026-A-2231
Session 2025-2026
Status in_committee
Committee Election Law
Assembly in_committee 2026-01-07
Elections / Voting Tax / Budget / Appropriations
Summary

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.

Sponsor
Edward Ra
Official Source Back to Bills
Actions Timeline
Date Event Detail
2025-01-15 Introduced Bill introduced
2026-01-07 Status in_committee
2026-01-07 Latest Action In Assembly Committee
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