School bonds bill passes in Albany

  • Tax-exempt bonds allowed for apartment or office construction above schools
  • Part of Board of Education's 10 year, $1.5bil construction program
  • Created a NYC educational construction fund to float the bonds
  • Debt to be unlimited and outside the city's debt limit
  • Source: "Major Bills in Legislature," The New York Times, July 6, 1966. link
  • Source: Sydney H. Schanberg, "ALBANY GETS BILL FOR SCHOOL BONDS," The New York Times, June 2, 1966. link
  • Source: Douglas Robinson, "School-Apartment Bill Wins Approval," The New York Times, July 6, 1966. link
  • Tags: education lindsay rockefeller

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