Bill Text: NY S00557 | 2017-2018 | General Assembly | Amended
Bill Title: Provides a $500,000 supplemental valuation impact grant to the West Valley central school district for the 2018 - 2019 school year.
Spectrum: Partisan Bill (Republican 1-0)
Status: (Introduced - Dead) 2018-01-24 - PRINT NUMBER 557A [S00557 Detail]
Download: New_York-2017-S00557-Amended.html
STATE OF NEW YORK ________________________________________________________________________ 557--A 2017-2018 Regular Sessions IN SENATE (Prefiled) January 4, 2017 ___________ Introduced by Sen. YOUNG -- read twice and ordered printed, and when printed to be committed to the Committee on Education -- recommitted to the Committee on Education in accordance with Senate Rule 6, sec. 8 -- committee discharged, bill amended, ordered reprinted as amended and recommitted to said committee AN ACT to amend the education law, in relation to providing a supple- mental valuation impact grant to the West Valley central school district The People of the State of New York, represented in Senate and Assem- bly, do enact as follows: 1 Section 1. Subdivision 3 of section 3641 of the education law, as 2 added by section 29-a of part B of chapter 57 of the laws of 2008, para- 3 graph a as amended by section 31 of part A of chapter 57 of the laws of 4 2009, is amended to read as follows: 5 3. Supplemental valuation impact grants. a. In addition to apportion- 6 ments otherwise provided by section thirty-six hundred two of this arti- 7 cle, for aid payable in the two thousand [eight] eighteen--two thousand 8 [nine and two thousand nine--two thousand ten] nineteen school [years] 9 year, the [amounts] amount specified in [paragraphs] paragraph c [and d] 10 of this subdivision shall be paid for the purpose of providing addi- 11 tional funding for a school [districts] district which [have experienced12a significant financial hardship caused by an extraordinary change in13the taxable property valuation or extraordinary judgments resulting from14tax certiorari proceedings] has more than eighty-three percent of its 15 real property classified as tax exempt. 16 b. The purpose of this subdivision is to provide financial assistance 17 to a school [districts] district which [have experienced a significant18reduction in the taxable full value of the school district or extraor-19dinary tax certiorari judgments] has more than eighty-three percent of 20 its real property classified as tax exempt. The legislature finds that EXPLANATION--Matter in italics (underscored) is new; matter in brackets [] is old law to be omitted. LBD06247-02-8S. 557--A 2 1 a school [districts for which a judgment was made resulting from a tax2certiorari proceeding which is larger than the total budget of the3school district for school year two thousand seven--two thousand eight4or for school districts] district which [have observed a reduction of5taxable real property of more than seventy-five percent between school6year two thousand five--two thousand six and school year two thousand7eight--two thousand nine] has more than eighty-three percent of its real 8 property classified as tax exempt during school year two thousand eigh- 9 teen--two thousand nineteen may benefit from temporary additional 10 assistance. 11 c. To the [Barker central school district, there shall be paid one12million three hundred thousand dollars ($1,300,000). Such grant shall be13payable to the Barker central school district in accordance with the14payment schedules contained in section thirty-six hundred nine-a of this15article, notwithstanding any provision of law to the contrary.16d. To the Haverstraw-Stony Point central school district, there shall17be paid two million five hundred thousand dollars ($2,500,000). Such18grant shall be payable to the Haverstraw-Stony Point central school19district in accordance with the payment schedules contained in section20thirty-six hundred nine-a of this article, notwithstanding any provision21of law to the contrary] West Valley central school district, there shall 22 be paid five hundred thousand dollars ($500,000). Such grant shall be 23 payable to the West Valley central school district in accordance with 24 the payment schedules contained in section thirty-six hundred nine-a of 25 this article, notwithstanding any provision of law to the contrary. 26 § 2. This act shall take effect immediately.