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A02231 Summary:
| BILL NO | A02231 |
| SAME AS | SAME AS S00034 |
| SPONSOR | Ra |
| 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. | |