Bill Text: NY S03005 | 2019-2020 | General Assembly | Introduced

New York Senate Bill 3005 (Prior Session Legislation)

Introduced

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

Sponsorship: Partisan Bill (Republican 3)

Status: (Introduced - Dead) 2020-01-08 - REFERRED TO EDUCATION [S03005 Detail]

Download: New_York-2019-S03005-Introduced.html



                STATE OF NEW YORK
        ________________________________________________________________________
                                          3005
                               2019-2020 Regular Sessions
                    IN SENATE
                                    January 31, 2019
                                       ___________
        Introduced  by  Sens. FUNKE, GALLIVAN, RITCHIE -- 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    § 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    § 3. This act shall take effect immediately.
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD01981-01-9