Bill Text: NY A05124 | 2023-2024 | General Assembly | Amended
Bill Title: Relates to school district unexpended surplus funds; provides that for the 2025--2026 school year and thereafter, surplus funds shall mean any operating funds in excess of six percent of the current school year budget, and shall not include funds properly retained under other sections of law.
Spectrum: Partisan Bill (Democrat 1-0)
Status: (Introduced) 2024-01-03 - referred to education [A05124 Detail]
Download: New_York-2023-A05124-Amended.html
STATE OF NEW YORK ________________________________________________________________________ 5124--A 2023-2024 Regular Sessions IN ASSEMBLY March 2, 2023 ___________ Introduced by M. of A. LUPARDO -- read once and referred to the Commit- tee on Education -- committee discharged, bill amended, ordered reprinted as amended and recommitted to said committee AN ACT to amend the real property tax law, in relation to school district unexpended surplus funds The People of the State of New York, represented in Senate and Assem- bly, do enact as follows: 1 Section 1. Subdivision 1 of section 1318 of the real property tax law, 2 as amended by chapter 238 of the laws of 2007, is amended to read as 3 follows: 4 1. The warrant of the collecting officer shall be signed by the trus- 5 tee, or the trustees, or a majority of them, or the board of education 6 or a majority thereof. Such warrant shall state the amount of unexpended 7 surplus funds in the custody of the board and shall further state that 8 except as authorized or required by law, such unexpended surplus funds 9 have been applied in determining the amount of the school tax levy. For 10 the two thousand seven--two thousand eight school year, surplus funds as 11 used in this subdivision shall mean any operating funds in excess of 12 three percent of the current school year budget, and shall not include 13 funds properly retained under other sections of law. For the two thou- 14 sand eight--two thousand nine school year[, and thereafter] through the 15 two thousand twenty-five--two thousand twenty-six school year, surplus 16 funds as used in this subdivision shall mean any operating funds in 17 excess of four percent of the current school year budget, and shall not 18 include funds properly retained under other sections of law. For the two 19 thousand twenty-five--two thousand twenty-six school year, and thereaft- 20 er, surplus funds as used in this subdivision shall mean any operating 21 funds in excess of six percent of the current school year budget, and 22 shall not include funds properly retained under other sections of law. 23 Such warrant shall have the same force and effect as a warrant issued by 24 a board of supervisors to a collecting officer in a town. The collecting EXPLANATION--Matter in italics (underscored) is new; matter in brackets [] is old law to be omitted. LBD09879-04-3A. 5124--A 2 1 officer to whom it may be delivered for collection shall be thereby 2 authorized and required to collect from every person named on such 3 school tax roll the sum set opposite his or her name, or the amount due 4 from any person specified therein, in the same manner and with the same 5 powers that collecting officers in towns are authorized to collect taxes 6 levied by the board of supervisors. 7 § 2. This act shall take effect on the one hundred twentieth day after 8 it shall have become a law.
