New York Proposition 1, Railway Transportation Bond Measure (1974)
| New York Proposition 1 | |
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| Election date |
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| Topic Bond issues and Railways |
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| Status |
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| Type Bond issue |
Origin |
New York Proposition 1 was on the ballot as a bond issue in New York on November 5, 1974. It was approved.
A "yes" vote supported authorizing $250 million in bonds for the maintenance and development of the state's railways. |
A "no" vote opposed authorizing $250 million in bonds for the maintenance and development of the state's railways. |
Election results
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New York Proposition 1 |
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| Result | Votes | Percentage | ||
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1,763,022 | 64.61% | ||
| No | 965,623 | 35.39% | ||
Text of measure
Ballot title
The ballot title for Proposition 1 was as follows:
| “ | To promote and assure the preservation and improvement of essential rail passenger and freight services to the inhabitants of the state, shall section two of chapter one hundred eighteen of the laws of nineteen hundred seventy-four, authorizing the creation of a state debt in the amount of two hundred fifty million dollars ($250,000,000) for capital facilities be approved? | ” |
Path to the ballot
According to Section 11 of Article VII of the New York Constitution, the state's general obligation bonds require voter approval, except for certain short-term debts; debts to "repel invasion, suppress insurrection, or defend the state in war;" and debts to suppress wildfires.
A simple majority vote is required during one legislative session for the New York State Legislature to place a bond issue 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. Bonds 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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