Bill Text: NY A02435 | 2015-2016 | General Assembly | Introduced

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Bill Title: Relates to providing additional reimbursement to school districts for expenses incurred for failure to receive timely payments of state aid, including expenses relating to interest payments and ancillary expenses incurred as a result of not having received aid in a timely manner.

Spectrum: Moderate Partisan Bill (Republican 7-2)

Status: (Introduced - Dead) 2016-04-12 - held for consideration in education [A02435 Detail]

Download: New_York-2015-A02435-Introduced.html

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                           S T A T E   O F   N E W   Y O R K
       ________________________________________________________________________
                                         2435
                              2015-2016 Regular Sessions
                                 I N  A S S E M B L Y
                                   January 16, 2015
                                      ___________
       Introduced  by  M. of A. TEDISCO, KOLB, RAIA -- Multi-Sponsored by -- M.
         of A. BUTLER, CROUCH, FINCH, FITZPATRICK, MILLER, THIELE -- read  once
         and referred to the Committee on Education
       AN  ACT  to amend the education law, in relation to providing additional
         reimbursement to school districts for expenses incurred for failure to
         receive timely payments of state aid
         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 3605
    2  to read as follows:
    3    S  3605.  ADDITIONAL  STATE  REIMBURSEMENT  TO  SCHOOL  DISTRICTS.  1.
    4  NOTWITHSTANDING  ANY  INCONSISTENT  PROVISION OF LAW, THE STATE SHALL BE
    5  LIABLE FOR ANY INTEREST PAYMENTS OR ANCILLARY  EXPENSES  INCURRED  BY  A
    6  SCHOOL  DISTRICT  AS A RESULT OF THE SCHOOL DISTRICT NOT HAVING RECEIVED
    7  TIMELY PAYMENTS OF STATE AID DUE TO A FAILURE BY THE STATE TO ADOPT  THE
    8  AID  TO LOCALITIES BUDGET BY APRIL FIRST IN ANY FISCAL YEAR DURING WHICH
    9  BUDGET BILLS AS DEFINED BY ARTICLE SEVEN  OF  THE  CONSTITUTION  OF  THE
   10  STATE OF NEW YORK HAVE NOT BEEN ADOPTED.
   11    2.  WITHIN  THIRTY  DAYS  AFTER  THE ADOPTION OF SUCH BUDGET BILLS THE
   12  GOVERNOR SHALL PREPARE AND SUBMIT TO THE LEGISLATURE CHAPTER  AMENDMENTS
   13  TO  THE  AID TO LOCALITIES BUDGET PROVIDING FOR ADDITIONAL REIMBURSEMENT
   14  TO REPAY SCHOOL DISTRICTS FOR ANY AND ALL INTEREST PAYMENTS OR ANCILLARY
   15  EXPENSES REFERENCED IN SUBDIVISION ONE OF THIS SECTION.
   16    3. SUCH REIMBURSEMENT MONEYS SHALL BE PAID UPON THE AUDIT OF  VOUCHERS
   17  CERTIFIED  BY THE CHIEF FISCAL OFFICER FOR THE SCHOOL DISTRICT DEMANDING
   18  REIMBURSEMENT FOR THE INTEREST PAYMENTS AND ANCILLARY EXPENSES  INCURRED
   19  BY SUCH SCHOOL DISTRICT.
   20    S 2. This act shall take effect immediately.
        EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                             [ ] is old law to be omitted.
                                                                  LBD02648-01-5