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S6870Senate2011-2012 SessionSame asA9634

Establishes that debt payments for the Rochester school facilities modernization program shall not affect the city of Rochester's maintenance of effort requirements

Sponsor Joseph E. RobachSD-56+3 co-sponsorsAffects Education
Status
Signed by Governor
Impact
Pending
Outcome
Signed into law

Bill progress

Signed into law

What's happening

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Who cares

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Sponsors

Primary sponsor
Joseph E. Robach

Senator · Senate District 56

Chair, Labor

History

  1. Signed chap.66
  2. Delivered to governor
  3. Returned to senate
  4. Passed assembly
  5. Ordered to third reading cal.660
  6. Substituted for A9634
  7. Referred to education
  8. Delivered to assembly
  9. Passed senateVote 58–0
  10. Advanced to third reading
  11. 2nd report cal.
  12. 1st report cal.565
Show 1 earlier action
  1. Referred to education

Companion bill

Full text

The text isn't available here yet. Check nysenate.gov.

Sponsor's memo

BILL NUMBER:S6870

Title of bill

An act to amend 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 of Rochester school facilities modernization program act, in relation to establishing that debt payments for the Rochester school facilities modernization program shall not affect the city of Rochester's maintenance of effort requirements

Purpose or general idea of bill

This bill would provide the City of Rochester and the Rochester City School District with increased flexibility to meet the needs of its school children by providing alternative financing mechanisms for the reconstruction of up to thirteen school buildings.

Summary of specific provision

Lines 14-21 of 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 of Rochester school facilities modernization program act, is amended to read as follows: Payment of debt service on bonds, notes or other obligations issued to secure financing of not more than $325,000,000 for projects undertaken pursuant to this act shall not be considered when determining the "city amount" required p:ursuant to subparagraph (ii) of-paragraph (a) of subdivision 5-b of section 2576 of the education law provided, however, that this provision shall not otherwise affect the determination of said "City amount" with respect to funding unrelated to projects undertaken pursuant to this act.

Justification

The school buildings in Rochester are in serious disrepair, jeopardizing the education of the city's school children. This bill would allow for innovative and cost effective financing options in Rochester's ongoing efforts to reconstruct up to thirteen school buildings.

Fiscal implications

Undetermined.

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.