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Who cares
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Sponsors
No co-sponsors yet.
History
- Referred to education
- Referred to education
Companion bill
The same bill in the other chamber. A bill becomes law when one version passes both houses and the governor signs it, so either number can carry it.
Authorizes the Bay Shore union free school district to transfer surplus monies from reserve funds to the general fund for purposes of reducing real property taxes
In Assembly Committee · Education · Sponsor Phil Boyle
Full text
The text isn't available here yet. Check nysenate.gov.
Sponsor's memo
Title of bill
An act to authorize the Bay Shore union free school district to transfer certain monies from reserve funds to the general fund for the purpose of real property tax reduction
Purpose
To authorize the Bay Shore Union Free School District to transfer surplus monies from certain reserve funds to the general fund for purposes of reducing real property taxes.
Summary of provisions
This bill authorizes the Bay Shore Union Free School District to transfer to its general fund surplus monies in any reserve fund established by the school district for the sole purpose of reducing real property taxes.
Existing law
None.
Justification
The Bay Shore Union Free School District is facing very difficult budget conditions and would like to use surplus monies in its reserve accounts to reduce real property taxes for the district's property owners. This bill would provide the school district with the statutory authority to utilize any such reserves on hand.
Legislative history
None.
Fiscal implications
None to the State.
Local fiscal implications
None.
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.