Assembly Bill A2512

2019-2020 Legislative Session

Authorizes the creation of state debt in creating the Alzheimer's research bond act of 2020 and provides for submission to the people of such proposal

download bill text pdf

Sponsored By

Archive: Last Bill Status - In Assembly Committee


  • Introduced
    • In Committee Assembly
    • In Committee Senate
    • On Floor Calendar Assembly
    • On Floor Calendar Senate
    • Passed Assembly
    • Passed Senate
  • Delivered to Governor
  • Signed By Governor

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2019-A2512 (ACTIVE) - Details

Current Committee:
Assembly Aging
Law Section:
Bonds and Notes
Versions Introduced in Other Legislative Sessions:
2013-2014: A8140
2015-2016: A1475
2017-2018: A2807
2021-2022: A2429

2019-A2512 (ACTIVE) - Summary

Authorizes the creation of state debt in the amount of 1 billion dollars in creating the Alzheimer's research bond act of 2020 and provides for submission to the people of such proposal.

2019-A2512 (ACTIVE) - Bill Text download pdf

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   2512
 
                        2019-2020 Regular Sessions
 
                           I N  A S S E M B L Y
 
                             January 23, 2019
                                ___________
 
 Introduced  by M. of A. LAVINE, GUNTHER, TITUS, MOSLEY, RAIA, BENEDETTO,
   McDONOUGH -- Multi-Sponsored by -- M. of  A.  CAHILL,  PEOPLES-STOKES,
   RIVERA -- read once and referred to the Committee on Aging
 
 AN  ACT  authorizing  the  creation of a state debt in the amount of one
   billion dollars, in relation to enacting the Alzheimer's research bond
   act of 2020 and providing for the submission to the people of a propo-
   sition or question therefor to be voted upon at the  general  election
   to be held in November, 2020
 
   THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section 1. The Alzheimer's research bond act of  2020  is  enacted  to
 read as follows:
                    ALZHEIMER'S RESEARCH BOND ACT OF 2020
 Section 1. Short title.
         2. Creation of a state debt.
         3. Bonds of the state.
         4. Consistency with federal tax law.
         5. Use of moneys received.
   Section  1.  Short  title. This act shall be known and may be cited as
 the "Alzheimer's research bond act of 2020".
   § 2. Creation of a state debt. The creation of  a  state  debt  to  an
 amount   not   exceeding   in   the   aggregate   one   billion  dollars
 ($1,000,000,000) is hereby authorized to provide moneys for  the  single
 purpose  of funding research grants and financing collaborations related
 to scientific research of Alzheimer's disease including  causes,  treat-
 ment and clinical trials of medications.
   The  legislature shall, by appropriate legislation and subject to such
 conditions as it may impose, make available out of the proceeds  of  the
 sale  of  bonds  authorized  in  this  act,  moneys  disbursed  or to be
 disbursed for state programs or state  assistance  payments  toward  the
 cost  of such programs undertaken by or through a state or local agency,
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
              

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