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- Referred to education
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Sponsor's memo
BILL NUMBER:A10304
Title of bill
An act to amend the education law, in relation to providing additional reimbursement to school districts for expenses incurred for failure to receive timely payments of state aid
Purpose or general idea of bill
Relates to providing additional reimbursement to school districts for expenses incurred for failure to receive timely payments of state aid.
Summary of specific provisions
The state shall be liable for any inter- est payments or ancillary expenses incurred by a school district as a result of the school district not having received timely payments of state aid due to a failure by the state to adopt the aid to localities budget by April 1 in any fiscal year during which budget bills have not been adopted.
Within 30 days after the adoption of such budget bills, the governor shall prepare and submit to the legislature, chapter amendments to the aid to localities budget providing for additional reimbursement to repay school districts for any and all interest payments or ancillary expenses.
The reimbursement money shall be paid upon the audit of vouchers certi- fied by the Chief Fiscal Officer for the school district demanding reimbursement for the interest payments and ancillary expenses incurred by the school district.
Justification
For 20 of the last 22 years, the budget has not been passed by April 1, putting the burden of a late budget on the school districts and taxpayers. The school districts should not have to pay the cost of borrowing when the state fails to pass an on-time budget.
Prior legislative history
2008: A.4833; Referred to Education 2007: A.4833; Referred to Education 2006: A.2696; Held for consideration in Education 2005: A.2696; Referred to Education 2004: A.7780; Held for consideration in Education 2003: A.7780; Referred to Education,
Fiscal implications
EFFECTIVE DATE: This act shall take effect immediately
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.