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Sponsors
No co-sponsors yet.
History
- Referred to education
- Returned to senate
- Died in assembly
- Referred to education
- Delivered to assembly
- Passed senateVote 61–1
- Ordered to third reading cal.1447
- Referred to rules
Full text
The text isn't available here yet. Check nysenate.gov.
Sponsor's memo
BILL NUMBER:S5821
Title of bill
An act to amend the education law, in relation to assumed amortization for certain school district projects approved by the commissioner
Purpose or general idea of bill
This bill changes the current penalty for the failure of school district to file final cost reports. Under current law when a district fails to file a final cost report the entire amount of aid on the project is recovered. This bill would change that practice so when a district fails to file the report aid will not be allocated to the district until such report is filed. Districts may obtain a waiver from the State education department for larger projects that take multiple years.
Summary of provisions
Section 1. Alters the statutory penalty for when a district fails to file a final cost report.
Justification
Current law reduces aid to districts for failure to file a final cost report which can have a significant negative impact on school district budgets. This bill withholds aid but does not reduce it until a district files its final cost report.
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.