Bill Text: NY A00289 | 2017-2018 | General Assembly | Introduced

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Bill Title: Exempts 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.

Spectrum: Slight Partisan Bill (Democrat 4-2)

Status: (Introduced - Dead) 2018-01-03 - referred to education [A00289 Detail]

Download: New_York-2017-A00289-Introduced.html

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                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-com-
          putation 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  Assem-
        bly, do enact as follows:
     1    Section  1.  Subparagraph 8 of paragraph e of subdivision 6 of section
     2  3602 of the education law, as added by section 31 of part A  of  chapter
     3  58 of the laws of 2011, is amended to read as follows:
     4    (8)  Notwithstanding  any  other provision of the law to the contrary,
     5  and unless the district was formed as a result of a consolidation of  at
     6  least  two school districts in the past fifteen years, where, during the
     7  period  of  assumed  amortization  relating  to  a   project   for   the
     8  construction, acquisition, reconstruction, rehabilitation or improvement
     9  of a school building, the school building is sold or ownership is other-
    10  wise transferred to an entity other than the school district or city and
    11  such  transfer  results  in the building no longer being operated by the
    12  school district as a public elementary or secondary school that  is  not
    13  independent  or autonomous, the district shall, within sixty days of the
    14  transfer of ownership, notify the commissioner of such sale or transfer,
    15  and shall provide such additional information about the sale or transfer
    16  as the commissioner may require, in a form prescribed by the commission-
    17  er, and the commissioner shall re-compute  the  building  aid,  if  any,
    18  payable  for  such  project pursuant to this subparagraph, except to the
    19  extent such re-computation would conflict with the provisions of section
    20  twenty-seven hundred ninety-nine-tt of the public authorities  law.  The
    21  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
     1  or city as a result of such sale or transfer  from  the  approved  total
     2  project  cost  and, based on such adjusted project cost, establish a new
     3  assumed amortization for the remaining useful life of the project  under
     4  the applicable provisions of this paragraph.
     5    § 2. This act shall take effect immediately.