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History
- Referred to education
- Referred to rules
Full text
The text isn't available here yet. Check nysenate.gov.
Sponsor's memo
BILL NUMBER:S5754
Title of bill
An act to amend the education law, in relation to claims resulting from late filing of final cost reports by school districts
Purpose or general idea of bill
Amends the education law adding a new section altering the current penalty associated with the failure of school districts to file final cost reports.
Summary of specific provisions
Section 1. Provides for a ten percent penalty on the approved cost for school district construction projects when a district fails to file a final cost report.
Section 2. Conforming amendment to section 3602 of the education law.
Justification
Under current law when a school district fails to file a final cost report the aid associated with the approved project cost is recaptured by the state education department. This legislation will continue to provide a penalty when districts fail to file a final cost report but will not eliminate the entire amount of building aid on the project as is required under current law.
Prior legislative history
New Bill.
Fiscal implications
None.
Effective date
This act shall take effect July 1, 2011.
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.