Senate Talks Debt Limits

Cataldo, Adam L.
June 2006
Bond Buyer;6/26/2006, Vol. 356 Issue 32410, p39
Trade Publication
The article reports that the New York State Senate moved to limit borrowing and reduce the state's debt load. The Senate has submitted the passage of a proposed constitutional amendment and new legislation. The constitutional amendment would limit the amount of debt through a series of provisions and eliminate appropriation, contingent, and moral obligation debt.


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