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History
- Referred to education
- Delivered to assembly
- Passed senateVote 59–0
- Advanced to third reading
- 2nd report cal.
- 1st report cal.450
- Referred to local government
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.
Authorizes the board of cooperative educational services of Nassau county to maintain funds in an employee benefit accrued liability reserve fund
In Assembly Committee · Education · Sponsor Michelle Schimel
Full text
The text isn't available here yet. Check nysenate.gov.
Sponsor's memo
BILL NUMBER:S6622
Title of bill
An act in relation to authorizing the board of cooperative educational services of Nassau County to maintain funds in an employee benefit accrued liability reserve fund
Purpose
The purpose of this bill is to authorize the Board of Cooperative Educational Services of Nassau County to maintain excess funds contained within an employee benefit accrued liability reserve fund (EBALR) provided such funds are retained for payment of other post-employment benefits.
Summary of specific provisions
Section 1 of the bill authorizes the BOCES of Nassau County to maintain excess EBALR funds provided they are retained to make future payments related to other post employment benefits of their employees. The bill further provides that the chief fiscal officer of BOCES shall account for these funds in a separate fund.
Justification
BOCES are authorized pursuant to Section 6-p of the General Municipal Law to establish employee benefit accrued liability reserve (EBALR) funds to cover unused and unpaid sick leave, personal leave, vacation time, time allowances granted in lieu of overtime compensation and any other forms of payment for accrued but unused time earned by employees. This bill authorizes BOCES to maintain excess EBALR funds so they can also pay other-post employment benefits. These funds are critically important to ensure that BOCES will have funding to pay these employee benefits in the future.
Prior legislative history
This is new legislation.
Fiscal implications
There is no fiscal impact to the State.
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.