New York Proposition 2, Low-Rent Housing Bond Measure (1965)
| New York Proposition 2 | |
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| Topic Bond issues and Housing assistance programs |
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| Type Bond issue |
Origin |
New York Proposition 2 was on the ballot as a bond issue in New York on November 2, 1965. It was defeated.
A "yes" vote supported increasing the maximum aggregate amount of state periodic subsidies by $9 million, as well as issuing $200 million in bonds for slum clearance and low-rent housing. |
A "no" vote opposed increasing the maximum aggregate amount of state periodic subsidies by $9 million, as well as issuing $200 million in bonds for slum clearance and low-rent housing. |
Election results
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New York Proposition 2 |
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| Result | Votes | Percentage | ||
| Yes | 1,227,584 | 36.72% | ||
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2,115,134 | 63.28% | ||
Text of measure
Ballot title
The ballot title for Proposition 2 was as follows:
| “ | Shall chapter three hundred seventy-seven of the laws of nineteen hundred sixty-five, providing for an increase of nine million dollars in the maximum aggregate amount of state periodic subsidies for the payment of which in any one year contracts may be outstanding pursuant to the public housing law and authorizing the creation of additional state debt and the sale of state bonds in the aggregate amount of two hundred million dollars for slum clearance and low rent housing purposes under and pursuant to article eighteen of the constitution, 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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