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Sponsors
Senator · Senate District 42
No co-sponsors yet.
History
- Referred to education
- Delivered to assembly
- Passed senateVote 59–0
- Ordered to third reading cal.1237
- Committee discharged and committed to rules
- Reported and committed to finance
- 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.
Exempts certain consolidated school districts from provisions of law requiring re-computation upon sale of building aid
In Assembly Committee · Education · Sponsor Aileen Gunther
Full text
The text isn't available here yet. Check nysenate.gov.
Sponsor's memo
BILL NUMBER:S6110
Title of bill
An act to amend the education law, in relation to exempting certain consolidated school districts from provisions of law requiring re-computation upon sale of building aid for projects for the construction, acquisition, reconstruction, rehabilitation or improvement of school buildings
Purpose
To exempt school districts which are the result of a consolidation of at least two school districts in the past fifteen years from having their building aid re-computed due to the sale or transfer of ownership of a school building during the period of assumed amortization.
Summary of provisions
Section 1. Amends Subparagraph 8 of paragraph e of subdivision 6 of section 3602 of the education law. as added by Section 31 of part A of chapter 58 of the laws of 2011 to exempt school districts which are the result of a consolidation of at least two school districts in the past fifteen years from having their building aid recomputed due to the sale or transfer of ownership of a school building during the period of assumed amortization.
Section 2. Effective Date
Justification
When two or more school districts are consolidated, they are able to achieve significant cost savings to the taxpayers and oftentimes the consolidation leaves the new district with surplus building(s). Currently. under chapter 58 of 2011. if the new school district sells these buildings during the period of assumed amortization, they are required to have are-computation of their building-aid which would negatively impact the cost savings to the taxpayers in the new district. This legislation exempts the new district from having a re-computation of the building aid due to the sale of the surplus building(s).
Legislative history
New Bill.
Fiscal implications
To be determined.
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.