Bill Text: NY S02672 | 2023-2024 | General Assembly | Amended

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Bill Title: Relates to the computation of building aid for the construction, reconstruction or modernizing of certain projects by the Binghamton city school district.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Introduced) 2023-06-07 - SUBSTITUTED BY A2307A [S02672 Detail]

Download: New_York-2023-S02672-Amended.html

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                STATE OF NEW YORK
        ________________________________________________________________________

                                         2672--A

                               2023-2024 Regular Sessions

                    IN SENATE

                                    January 24, 2023
                                       ___________

        Introduced  by  Sen.  WEBB  --  read twice and ordered printed, and when
          printed to be committed to the Committee  on  Education  --  committee
          discharged, bill amended, ordered reprinted as amended and recommitted
          to said committee

        AN  ACT  to  amend  the education law, in relation to the computation of
          building  aid  for  construction,  reconstruction  or  modernizing  of
          projects for Binghamton City School District

          The  People of the State of New York, represented in Senate and Assem-
        bly, do enact as follows:

     1    Section 1. Subparagraph 9 of paragraph a of subdivision 6  of  section
     2  3602  of the education law, as added by chapter 617 of the laws of 2021,
     3  is renumbered subparagraph 10 and a new subparagraph 11 is added to read
     4  as follows:
     5    (11) Notwithstanding any other provision of law to the  contrary,  for
     6  the  purpose  of  computation  of  building aid for construction, recon-
     7  struction or modernizing of no more than one project by  the  Binghamton
     8  city  school  district, multi-year cost allowances for the project shall
     9  be established and utilized two times in  the  first  five-year  period.
    10  Subsequent  multi-year  cost  allowances  shall be established no sooner
    11  than ten years after establishment of the first maximum  cost  allowance
    12  authorized pursuant to this subparagraph.
    13    § 2. This act shall take effect immediately.




         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD03689-05-3