New York Amendment 3, Contracting, Paying and Refunding State Debts Amendment (1993)
| New York Amendment 3 | |
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| Election date |
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| Topic Debt limits |
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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 2, 1993. It was approved.
A "yes" vote supported authorizing a principal payment or contributions to a sinking fund in installments that result in substantially level or declining debt service payments for state debts. |
A "no" vote opposed authorizing a principal payment or contributions to a sinking fund in installments that result in substantially level or declining debt service payments for state debts. |
Election results
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New York Amendment 3 |
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| Result | Votes | Percentage | ||
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1,130,698 | 51.86% | ||
| No | 1,049,452 | 48.14% | ||
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- Results are officially certified.
- Source
Text of measure
Ballot title
The ballot title for Amendment 3 was as follows:
| “ | The proposed amendment to Sections 11, 12, 13 and 16 of Article 7 of the State Constitution amends the manner of contracting, paying and refunding State debts. Article 7 presently requires that certain State debt be paid in equal annual installments. The proposed amendment authorizes, as an alternative, principal payment or contributions to a sinking fund in installments that result in substantially level or declining debt service payments. In addition, the proposed amendment expands Article 7's existing provision regarding the refunding of State debt by specifying when refunding bonds may be issued by the State and what restrictions must be observed. Shall the proposed amendment 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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