Bill Text: NY S00884 | 2013-2014 | General Assembly | Introduced
Bill Title: Relates to requirements for expenditures from reserve funds by school districts; permits the governing body of a school district to expend up to 50% of such fund without voter approval; repeals such provisions on June 30, 2016.
Spectrum: Partisan Bill (Republican 1-0)
Status: (Introduced - Dead) 2014-01-08 - REFERRED TO EDUCATION [S00884 Detail]
Download: New_York-2013-S00884-Introduced.html
S T A T E O F N E W Y O R K ________________________________________________________________________ 884 2013-2014 Regular Sessions I N S E N A T E (PREFILED) January 9, 2013 ___________ Introduced by Sen. BONACIC -- read twice and ordered printed, and when printed to be committed to the Committee on Education AN ACT to amend the education law, in relation to expenditures from reserve funds by school districts; and providing for the repeal of such provisions upon the expiration thereof 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 3-b to read as follows: 3 3-B. NOTWITHSTANDING THE PROVISIONS OF SUBDIVISION THREE OF THIS 4 SECTION, THE GOVERNING AUTHORITIES OF A SCHOOL DISTRICT MAY, BY 5 TWO-THIRDS MAJORITY VOTE, UTILIZE UP TO ONE-HALF THE TOTAL RESERVE FUNDS 6 ESTABLISHED BY SUCH DISTRICT FOR ANY LAWFUL PURPOSE AND MAY MOVE FUNDS 7 BETWEEN RESERVE ACCOUNTS AS NECESSARY SUBJECT TO THE REQUIREMENTS SET 8 FORTH IN THIS SUBDIVISION. THE SUPERINTENDENT OF A SCHOOL DISTRICT, OR 9 OTHER PERSON WITH OVERALL RESPONSIBILITY FOR THE SCHOOL DISTRICT SHALL, 10 AT LEAST FORTY-FIVE DAYS PRIOR TO VOTING BY THE SCHOOL AUTHORITIES TO 11 UTILIZE A PORTION OF THE RESERVES AS PROVIDED FOR IN THIS SUBDIVISION, 12 PLACE SUCH PROPOSAL ON THE AGENDA OF A SCHOOL BOARD MEETING AND PUBLI- 13 CIZE THROUGH AN INFORMATIONAL STATEMENT TO THE MEDIA SENT TO AT LEAST 14 THE OFFICIAL NEWSPAPER OF THE SCHOOL DISTRICT, AND OTHERWISE TO MEDIA IN 15 GENERAL CIRCULATION, ANY PROPOSAL TO BE VOTED ON BY THE GOVERNING 16 AUTHORITIES OF THE SCHOOL DISTRICT TO UTILIZE A PORTION OF ANY RESERVE 17 FUND FOR A LAWFUL PURPOSE, AND THE NATURE OF THAT PURPOSE WITH AS MUCH 18 DETAIL AS IS REASONABLY AVAILABLE TO THE SUPERINTENDENT OR OTHER PERSON 19 WITH OVERALL RESPONSIBILITY FOR THE SCHOOL DISTRICT. SUCH INFORMATIONAL 20 STATEMENT SHALL ALSO BE PROVIDED TO THE COMMISSIONER AND THE STATE COMP- 21 TROLLER IN SUCH FORM AS THE COMMISSIONER AND COMPTROLLER SHALL REQUIRE. 22 S 2. This act shall take effect immediately and shall expire and be 23 deemed repealed on and after June 30, 2016. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD03212-01-3