Bill Text: NY S00517 | 2011-2012 | General Assembly | Introduced

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Bill Title: Establishes an energy reserve fund for school districts and boards of cooperative educational services.

Sponsorship: Partisan Bill (Republican 5)

Status: (Introduced - Dead) 2012-01-04 - REFERRED TO EDUCATION [S00517 Detail]

Download: New_York-2011-S00517-Introduced.html

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                           S T A T E   O F   N E W   Y O R K
       ________________________________________________________________________
                                          517
                              2011-2012 Regular Sessions
                                   I N  S E N A T E
                                      (PREFILED)
                                    January 5, 2011
                                      ___________
       Introduced  by  Sens.  MAZIARZ,  RANZENHOFER  --  read twice and ordered
         printed, and when printed to be committed to the Committee  on  Educa-
         tion
       AN ACT to amend the education law, in relation to establishing an energy
         reserve  fund  for  school  districts and boards of cooperative educa-
         tional services
         THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
       BLY, DO ENACT AS FOLLOWS:
    1    Section  1.  Section  3651 of the education law is amended by adding a
    2  new subdivision 1-c to read as follows:
    3    1-C.  NOTWITHSTANDING  THE  PROVISIONS  OF  SUBDIVISION  ONE  OF  THIS
    4  SECTION,  ANY  SCHOOL  DISTRICT MAY ESTABLISH AN ENERGY RESERVE FUND FOR
    5  THE PAYMENT OF ENERGY COSTS, WITHOUT APPROVAL BY THE QUALIFIED VOTERS OF
    6  THE DISTRICT. ANY MONIES DEPOSITED TO SUCH ENERGY RESERVE FUND WHICH ARE
    7  NOT EXPENDED FOR THE PAYMENT OF ENERGY COSTS IN THE FISCAL YEAR THAT THE
    8  FUNDS ARE DEPOSITED IN THE ENERGY RESERVE FUND MAY BE EITHER TRANSFERRED
    9  TO ANOTHER RESERVE FUND OR APPLIED TO THE  APPROPRIATIONS  OF  THE  NEXT
   10  SUCCEEDING FISCAL YEAR'S BUDGET.
   11    S 2. Subdivision 3-a of section 3651 of the education law, as added by
   12  chapter 588 of the laws of 1988, is amended to read as follows:
   13    3-a.  Notwithstanding  the  provisions  of  subdivision  three of this
   14  section, any school district which establishes a reserve fund in accord-
   15  ance with subdivision one-a OR ONE-C of this section may  make  expendi-
   16  tures  from  such  fund for the purposes specified in such [subdivision]
   17  SUBDIVISIONS without authorization of the voters.
   18    S 3. This act shall take effect immediately.
        EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                             [ ] is old law to be omitted.
                                                                  LBD01148-01-1