Bill Text: NY S04437 | 2023-2024 | General Assembly | Introduced

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Bill Title: Relates to the apportionment of moneys for capital outlays and debt service for school building purposes.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Introduced - Dead) 2024-01-03 - REFERRED TO EDUCATION [S04437 Detail]

Download: New_York-2023-S04437-Introduced.html

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                STATE OF NEW YORK
        ________________________________________________________________________

                                          4437

                               2023-2024 Regular Sessions

                    IN SENATE

                                    February 8, 2023
                                       ___________

        Introduced by Sen. FERNANDEZ -- 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 the apportionment of
          moneys for capital  outlays  and  debt  service  for  school  building
          purposes

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

     1    Section 1. This act shall be known and may be cited  as  the  "rebuild
     2  our schools act".
     3    § 2. Subparagraph 2 of paragraph c of subdivision 6 of section 3602 of
     4  the  education  law  is  amended  by  adding a new clause (d) to read as
     5  follows:
     6    (d) For aid payable in the school years two thousand twenty-three--two
     7  thousand twenty-four and thereafter  for  school  building  projects  to
     8  remedy  capacity  shortages  of  high-need  school districts, as defined
     9  pursuant to regulations of  the  commissioner  in  clause  (c)  of  this
    10  subparagraph  and are located in a county with a population of more than
    11  nine hundred forty  thousand  and  less  than  one  million  inhabitants
    12  according  to  the  two  thousand ten federal census, as approved by the
    13  voters of such school district or by such board of education of  a  city
    14  school  district  in a city with more than one hundred twenty-five thou-
    15  sand inhabitants, on or after July first, two thousand  twenty-one,  may
    16  compute aid under the provisions of this subdivision using the high-need
    17  secondary supplemental building aid ratio, which shall be the lesser of:
    18  (A)  the  product,  computed  to three decimals without rounding, of the
    19  greater of the building aid ratios computed pursuant to subclauses  (i),
    20  (ii)  and  (iii)  of  clause  (b) of this subparagraph multiplied by ten
    21  percent; or (B) the positive remainder  of  ninety-eight  one-hundredths
    22  less  the  greater  of  the  building  aid  ratios  computed pursuant to
    23  subclauses (i), (ii) and (iii)  of  clause  (b)  of  this  subparagraph.
    24  School  building projects eligible for aid pursuant to this clause shall

         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD01648-01-3
        S. 4437                             2

     1  include projects to address capacity shortages of at least  ten  percent
     2  of  the  calculated  capacity of the district or at least ten percent of
     3  the calculated capacity  of  elementary  or  secondary  schools  of  the
     4  district, as determined by the commissioner.
     5    § 3. This act shall take effect immediately.