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Who cares
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Sponsors
No co-sponsors yet.
History
- Referred to local government
- 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.
Relates to the mandatory reserve fund for municipal corporations, fire districts, school districts and boards of cooperative educational services
In Assembly Committee · Education · Sponsor Ellen C. Jaffee
Full text
The text isn't available here yet. Check nysenate.gov.
Sponsor's memo
BILL NUMBER:S5136
Title of bill
An act to amend the general municipal law, in relation to the mandatory reserve fund for municipal corporations, fire districts, school districts and boards of cooperative educational services
Purpose or general idea of bill
To extend the authority to establish a mandatory reserve fund to boards of cooperative educational services (BOCES).
Summary of specific provisions
This bill would amend Section 6-1 of the General Municipal Law to extend the authority to establish a mandatory reserve fund to BOCES which already exists for municipal corporations, school districts and fire districts.
Justification
BOCES, as a municipal entity, must make necessary capital improvements but does not have the legal authority to establish a reserve fund for this purpose. This bill would address this problem by extending this authority to BOCES.
Prior legislative history
This is a new bill.
Fiscal implications
None.
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.