Bill Text: NY A02307 | 2023-2024 | General Assembly | Introduced

NOTE: There are more recent revisions of this legislation. Read Latest Draft

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Bill Title: Relates to the computation of building aid for the construction, reconstruction or modernizing of certain projects by the Binghamton City school district.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Vetoed) 2023-12-22 - tabled [A02307 Detail]

Download: New_York-2023-A02307-Introduced.html

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                STATE OF NEW YORK
        ________________________________________________________________________

                                          2307

                               2023-2024 Regular Sessions

                   IN ASSEMBLY

                                    January 25, 2023
                                       ___________

        Introduced  by M. of A. LUPARDO -- read once and referred to the Commit-
          tee on Education

        AN ACT to amend the education law, in relation  to  the  computation  of
          building  aid  for  construction,  reconstruction  or  modernizing  of
          projects for Binghamton City School District

          The People of the State of New York, represented in Senate and  Assem-
        bly, do enact as follows:

     1    Section  1.  Subparagraph 9 of paragraph a of subdivision 6 of section
     2  3602 of the education law, as added by chapter 617 of the laws of  2021,
     3  is renumbered subparagraph 10 and a new subparagraph 11 is added to read
     4  as follows:
     5    (11)  Notwithstanding  any other provision of law to the contrary, for
     6  the purpose of computation of  building  aid  for  construction,  recon-
     7  struction  or  modernizing  of  not  more than five capital construction
     8  projects by the Binghamton city school district, multi-year cost  allow-
     9  ances  for each project shall be established and utilized three times in
    10  the first five-year period. Subsequent multi-year cost allowances  shall
    11  be established no sooner than ten years after establishment of the first
    12  maximum cost allowance authorized pursuant to this subparagraph.
    13    § 2. This act shall take effect immediately.




         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD03689-01-3