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Who cares
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Sponsors
Senator · Senate District 42
No co-sponsors yet.
History
- Referred to education
- Referred to education
Full text
The text isn't available here yet. Check nysenate.gov.
Sponsor's memo
BILL NUMBER:S884
Title of bill
An act to amend the education law, in relation to expenditures from reserve funds by school districts; and providing for the repeal of such provisions upon the expiration thereof
Purpose or general idea of bill
To provide the governing authorities of school districts the ability to utilize up to one half of the total reserve funds of the district for any lawful purpose upon a two-thirds majority vote of the governing body.
Summary of specific provisions
Section 1: Amends section 3651 of the Education Law by adding a new subdivision 3-b which provides that the governing authorities of a school district may utilize up to one half of the total reserve funds of the district for any lawful purpose upon a two-thirds majority vote of the governing body.
Section 2: Effective date.
Justification
Currently the governing authority of a school district is required to put a proposition before the voters of a school district before expending funds from a reserve fund. It can be a cumbersome and costly process to hold such a vote. This legislation would allow for the governing authority to access up to one half of the reserve fund with a two-thirds majority vote of the governing body.
Legislative history
S.6716 of 2012: Died in Senate Education
Fiscal implications
None.
Effective date
This act shall take effect immediately and shall expire and be deemed repealed on and after June 30. 2016.
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.