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Who cares
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Sponsors
1 Co-sponsor
History
- Referred to finance
- Committee discharged and committed to rules
- Committee discharged and committed to finance
- Referred to local government
Full text
The text isn't available here yet. Check nysenate.gov.
Sponsor's memo
BILL NUMBER:S5630 REVISED 06/08/11
Title of bill
An act to amend chapter 416 of the laws of 2007, establishing the city of Rochester and the board of education of the city school district of the city of Rochester school facilities modernization program act, in relation to debt payments for such school facilities
Purpose
To make it easier for the Rochester city School District to undertake modernization of their school facilities.
Summary of provisions
Section 5 of chapter 416 of the laws of 2007, establishing the city of Rochester and the board of education of the city school district of the city Rochester is amended as follows: All payments, including lease payments and debt services on any bond, notes or other obligations issued to finance project undertaken pursuant to this act shall be considered debt service payments of the city school districts for purpose of subparagraph (ii) of paragraph a of subdivision 5-b of section 2576 of the education law in a manner consistent with the legislative intent of such section
Justification
The Rochester City School District cannot, by law, borrow money and, therefore, relies on the City of Rochester to advance bonds for annual construction and maintenance contracts. Due to confusion about whether the advancement of bonds would increase the City of Rochester's financial obligation to the RCSD under the 2007 Maintenance of Effort law. If not addressed, this uncertainty will halt general maintenance of RCSD'S facilities making it unsafe for children to attend school. This legislation would clarify the 2007 Maintenance of Effort law. Specifically, this bill will set forth in language from the New York State Department of Education that bonded amounts for Rochester city School District construction and/or modernization projects will not be seen as an increase in the amount of money the city is required to give the district under the MOE law. In short, this legislation will provide the city of Rochester with the clarification needed from NYSED to advance bonds to RCSD, thereby, allowing RCSD to move ahead with necessary maintenance in an expeditious manner.
Legislative history
New Bill.
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.