New York Amendment 3, Public Corporations Amendment (1973)
| New York Amendment 3 | |
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| Election date |
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| Topic Business regulations and Public economic investment policy |
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| Status |
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| Type Legislatively referred constitutional amendment |
Origin |
New York Amendment 3 was on the ballot as a legislatively referred constitutional amendment in New York on November 6, 1973. It was approved.
A "yes" vote supported expanding the authority of the Legislature to loan state money to a public corporation. |
A "no" vote opposed expanding the authority of the Legislature to loan state money to a public corporation. |
Election results
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New York Amendment 3 |
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| Result | Votes | Percentage | ||
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1,670,032 | 53.38% | ||
| No | 1,458,628 | 46.62% | ||
Text of measure
Ballot title
The ballot title for Amendment 3 was as follows:
| “ | Shall the proposed amendment to subdivision three of section 8 of article seven of the Constitution (1) expanding the legislature's power to authorize the loan of the money of the state to a public corporation for the purpose of making secured loans to non-profit corporations to improve employment opportunities in any area of the state to include the authorization of the loan of the money of the state to such a public corporation and the use thereof by such a public corporation for the purpose of making secured loans to finance the construction of new buildings to be used for research and development and for the purchase of machinery and equipment related to new industrial or manufacturing plants and research and development buildings; and (2) increasing the percentage that such public corporation may lend to non-profit corporations from thirty percent to forty percent of project cost, be approved? | ” |
Path to the ballot
- See also: Amending the New York Constitution
A simple majority vote is required during two successive legislative sessions for the New York State Legislature to place a constitutional amendment on the ballot. That amounts to a minimum of 126 votes in the New York State Assembly and 32 votes in the New York State Senate, assuming no vacancies. Amendments do not require the governor's signature to be referred to the ballot.
See also
External links
Footnotes
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State of New York Albany (capital) |
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