What's happening
This bill exempts recently consolidated school districts from building aid re-computation requirements when selling school buildings.
Why it matters
Protects recently consolidated school districts (from mergers within the past 15 years) from losing state building aid when selling surplus school buildings. , helping them manage unused facilities without financial penalty.
Encourages school district consolidations. by removing a potential financial disincentive—districts won’t be punished through aid recalculations if they need to sell a building after merging.
May help stabilize or improve local district finances. in communities affected by consolidations, as they can sell or repurpose buildings without negatively impacting their aid formulas or amortization schedules.
Could influence decisions on school closures and real estate management. , giving consolidated districts more flexibility to right-size their physical assets post-merger.
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Who cares
Headline styles
Exempt Merged Schools from Penalties
Plain English, a few words. Used as the page title.
Sponsors
2 Co-sponsors
3 Multi-sponsors
History
- Referred to education
- Referred to education
Full text
2 pagesUnderlined is new[Struck] is removedOfficial text on nysenate.gov ↗
STATE OF NEW YORK
289
2017-2018 Regular Sessions
IN ASSEMBLY
January 5, 2017
Introduced by M. of A. GUNTHER, HOOPER, CROUCH -- Multi-Sponsored by -- M. of A. GIGLIO, LOPEZ, McLAUGHLIN, RIVERA, STECK -- read once and referred to the Committee on Education
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
The People of the State of New York, represented in Senate and Assembly, do enact as follows:
Section 1. 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, is amended to read as follows:
(8) Notwithstanding any other provision of the law to the contrary, and unless the district was formed as a result of a consolidation of at least two school districts in the past fifteen years, where, during the period of assumed amortization relating to a project for the construction, acquisition, reconstruction, rehabilitation or improvement of a school building, the school building is sold or ownership is otherwise transferred to an entity other than the school district or city and such transfer results in the building no longer being operated by the school district as a public elementary or secondary school that is not independent or autonomous, the district shall, within sixty days of the transfer of ownership, notify the commissioner of such sale or transfer, and shall provide such additional information about the sale or transfer as the commissioner may require, in a form prescribed by the commissioner, and the commissioner shall re-compute the building aid, if any, payable for such project pursuant to this subparagraph, except to the extent such re-computation would conflict with the provisions of section twenty-seven hundred ninety-nine-tt of the public authorities law. The commissioner shall deduct the revenues received by the school district
EXPLANATION--Matter in italics (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD02789-01-7
A. 289 2
or city as a result of such sale or transfer from the approved total project cost and, based on such adjusted project cost, establish a new assumed amortization for the remaining useful life of the project under the applicable provisions of this paragraph.
§ 2. This act shall take effect immediately.
Reflowed for reading: line numbers and page breaks removed. Cite the official text.
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.