Provisions
VIII.12 of 1939 • Further limitations on contracting local indebtedness authorized.
APPROVED
The Text
Nothing in this article shall be construed to prevent the legislature from further restricting the powers herein specified of any county, city, town, village or school district to contract indebtedness or to levy taxes on real estate. The legislature shall not, however, restrict the power to levy taxes on real estate for the payment of interest on or principal of indebtedness theretofore contracted.
A Few Facts
• Joined the Constitution in 1939
• In Article VIII: Local Finances
• Has 63 words
• Was proposed by the Constitutional Convention
• Went to NYS voters as proposed amendment 1 of 1938
• Changed the text of a previously existing provision
Credits
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