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New York Amendment 3, State Borrowing Policies Amendment (1995)
| New York Amendment 3 | |
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| Election date |
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| Topic Revenue allocation |
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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 7, 1995. It was defeated.
A “yes” vote supported changing the state’s borrowing practices by instituting planning hearings, allowing multiple bond questions, permitting capped revenue debt without referendum, and broadening emergency debt authority. |
A “no” vote opposed changing the state’s borrowing practices by instituting planning hearings, allowing multiple bond questions, permitting capped revenue debt without referendum, and broadening emergency debt authority. |
Election results
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New York Amendment 3 |
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| Result | Votes | Percentage | ||
| Yes | 656,971 | 39.07% | ||
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1,024,492 | 60.93% | ||
Text of measure
Ballot title
The ballot title for Amendment 3 was as follows:
| “ | The proposed amendment to Sections 1, 2, 10, 11 and 16 of Article 7 of the State Constitution revises the State’s borrowing practices. The proposed amendment requires the Governor to hold hearings on and submit to the Legislature a plan for the capital needs of the State and eliminates the current prohibition against submitting for voter approval more than one bond act at a general election. The proposal also restricts certain currently permitted financing arrangements, authorizes the State to issue revenue debt subject to a cap, without voter approval when such debt is used for capital works or purposes; and expands the types of emergency situations under which the State would be authorized to contract general obligation debt without seeking voter approval. Shall the proposed amendment be approved? | ” |
Full Text
The full text of this measure is available here.
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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