 
                STATE OF NEW YORK
        ________________________________________________________________________
 
                                          4972
 
                               2019-2020 Regular Sessions
 
                   IN ASSEMBLY
 
                                    February 6, 2019
                                       ___________
 
        Introduced  by  M.  of  A. RAIA, FINCH -- Multi-Sponsored by -- M. of A.
          BARCLAY, FITZPATRICK, GIGLIO, McDONOUGH, MORINELLO --  read  once  and
          referred to the Committee on Education
 
        AN  ACT to amend the education law, in relation to school district bonds
          and notification to taxpayers

          The People of the State of New York, represented in Senate and  Assem-
        bly, do enact as follows:
 
     1    Section  1.  The education law is amended by adding a new section 3615
     2  to read as follows:
     3    § 3615. School district bonds; notification requirements. 1.  Whenever
     4  a school district shall present the budget, such school  district  shall
     5  disclose  the financial cost of all outstanding bonds which shall expire
     6  in the upcoming fiscal year. For purposes  of  this  section  disclosure
     7  shall  be  satisfied by indicating the annual financial payment that the
     8  district has made in satisfaction of such bonds.
     9    2. On every taxpayer's bill there shall be a  separate  line  for  the
    10  amount  of  taxes  which were paid in the respective fiscal year on such
    11  school bonds.
    12    § 2. This act shall take effect on the first of July  next  succeeding
    13  the date on which it shall have become a law.
 
 
 
 
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD07883-01-9
Relates to school district bonds and notification to taxpayers

What's Happening

Why It Matters
