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S4007Senate2011-2012 Session

Provides net gap elimination adjustments for two thousand eleven--two thousand twelve

Sponsor Rules CommitteeAffects Finance
Status
In Senate Committee
Finance
Impact
Pending
Passage
Pending

Bill progress

Step 2 of 7

In committee · Finance

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Rules Committee

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History

  1. Referred to finance
  2. Referred to finance

Full text

The text isn't available here yet. Check nysenate.gov.

Sponsor's memo

BILL NUMBER:S4007

Title of bill

An act to amend part A of a chapter of the laws of 2011 amending the education law relating to contracts for schools of excellence, as proposed in legislative bill number S. 2808-B, in relation to net gap elimination adjustment and repealing section 44 of such part

Purpose

To provide the formula for the net gap elimination adjustment for the state fiscal year.

Summary of provisions

Alters the formula for the 2011-2012 school year.

Existing law

JUSTIFICATION: This chapter amendment makes necessary changes to the Senate's Education, Labor and Family Assistance Budget Bill, S.2808-B, to support a $280 million restoration of funds to school districts.

Legislative history

New proposal.

Fiscal implications

This bill is necessary to support a $280 million reduction in the Gap Elimination Adjustment.

Effective date

This act shall take effect on the same date and in the same manner as part A of a chapter of the laws of 2011 amending the education law relating to contracts for schools of excellence, as proposed in legislative bill number S.2808-B, takes effect.

Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.