What's happening
This bill allows special multi-year building aid cost allowances for three specified new school construction projects in New York.
Why it matters
Allows three specific new school construction projects to receive building aid based on "multi-year cost allowances,". meaning the state will calculate and provide aid not as a one-time amount, but in up to two separate installments within the project's first five years—potentially smoothing out funding and making large projects more financially manageable for school districts.
Sets a restriction that additional rounds of multi-year aid for these projects cannot occur until at least ten years after the first allowance,. which may prevent frequent reapplications for state assistance and encourages long-term planning for both school districts and state budgeters.
Targets projects previously authorized under a 2016 law,. meaning this bill only applies to a small, defined set of new school buildings, ensuring the financial impact is limited and tailored rather than opening up multi-year aid options for all future school construction across the state.
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Who cares
Headline styles
Change Building Aid Rules
Plain English, a few words. Used as the page title.
Sponsors
1 Co-sponsor
History
- Signed chap.480
- Delivered to governor
- Returned to assembly
- Passed senateVote 62–0
- 3rd reading cal.2175
- Substituted for S6400A
- Referred to rules
- Delivered to senate
- Passed assembly
- Ordered to third reading rules cal.608
- Rules report cal.608
- Reported
Show 5 earlier actions
- Reported referred to rules
- Reported referred to ways and means
- Print number 7788a
- Amend and recommit to education
- Referred to education
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.
Change School Building Aid Formula
Senate Floor Calendar · Sponsor Andrea Stewart-Cousins
Full text
1 pageUnderlined is new[Struck] is removedOfficial text on nysenate.gov ↗
STATE OF NEW YORK
7788--A
2017-2018 Regular Sessions
IN ASSEMBLY
May 15, 2017
Introduced by M. of A. MAYER -- read once and referred to the Committee on Education -- committee discharged, bill amended, ordered reprinted as amended and recommitted to said committee
AN ACT to amend the education law, in relation to the computation of certain building aid
The People of the State of New York, represented in Senate and Assembly, do enact as follows:
Section 1. Paragraph a of subdivision 6 of section 3602 of the education law is amended by adding a new subparagraph 7 to read as follows:
(7) Notwithstanding any other provision of law to the contrary, for the purpose of computation of building aid for three new construction projects and for the equipping of such projects authorized pursuant to chapter three hundred fifty-five of the laws of two thousand sixteen, multi-year cost allowances for each project shall be established and utilized two times in the first five-year period. Subsequent multi-year cost allowances shall be established no sooner than ten years after establishment of the first maximum cost allowance authorized pursuant to this subparagraph.
§ 2. This act shall take effect immediately.
EXPLANATION--Matter in italics (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD11547-02-7
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.