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Who cares
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Sponsors
No co-sponsors yet.
History
- Substituted by A8245A
- Ordered to third reading cal.858
- Committee discharged and committed to rules
- Print number 5446a
- Amend and recommit 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.
Defines tuition for the 2010-2011 school year
Vetoed · Sponsor Catherine Nolan
Full text
The text isn't available here yet. Check nysenate.gov.
Sponsor's memo
Title of bill
An act to amend the education law, in relation to defining "tuition" for the 2010-2011 school year
Purpose
To provide that certain schools may maintain a fund balance reserve account of up to 4% of the school's annual allowable and reimbursable costs.
Summary of provisions
Section one amends subdivision 4 of section 4405 of education law by adding a new paragraph j to provide that special act school districts and Chapter 853 schools, may maintain a fund balance of up to 4% of the school's annual allowable and reimbursable costs.
Section two of the bill sets forth the enactment date, which is immediate.
Justification
Special act school districts and 853 schools in New York State represent a particularly high needs student population. The high need level associated with this population results in significant costs to operate these schools. Under current law however, these schools and school districts are not authorized to maintain any fund balance at the end of their fiscal year. Therefore, even if these districts achieve efficiencies, they are left with no funds to reinvest in their programs. Further, because the schools operated off of borrowed funds, repaid when they receive their tuition; their lack of resources can make it more difficult to acquire the financing they need to sustain their operations.
Finally, special act school districts are public school districts. Recent changes in state law allow all other public school districts to maintain a 4% undesignated fund balance. It seems only equitable to offer the same level of flexibility to these schools and school districts.
Legislative history
This is a new bill.
Fiscal implications
None to the State.
Effective date
Immediately.
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.