Bill Text: NY S07215 | 2023-2024 | General Assembly | Introduced

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Bill Title: Permits special education services and programs for preschool children with handicapping conditions to establish reserve funds.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Introduced) 2024-01-03 - REFERRED TO DISABILITIES [S07215 Detail]

Download: New_York-2023-S07215-Introduced.html

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                STATE OF NEW YORK
        ________________________________________________________________________

                                          7215

                               2023-2024 Regular Sessions

                    IN SENATE

                                      May 18, 2023
                                       ___________

        Introduced  by  Sen. SKOUFIS -- read twice and ordered printed, and when
          printed to be committed to the Committee on Disabilities

        AN ACT to amend the education law, in  relation  to  permitting  special
          education  services and programs for preschool children with handicap-
          ping conditions to establish reserve funds

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

     1    Section  1.  Section  4405 of the education law is amended by adding a
     2  new subdivision 7 to read as follows:
     3    7. For the two thousand twenty-three--two thousand twenty-four  school
     4  year  and  thereafter,  an  institution subject to this article shall be
     5  authorized to retain funds in excess of their allowable and reimbursable
     6  costs incurred for services and  programs  to  students  appointed.  The
     7  amount  of  funds  that  may  be  annually retained shall not exceed one
     8  percent of the institution's total allowable and reimbursable costs  for
     9  services  and  programs  provided  to  students for the school year from
    10  which the funds are to be retained, provided that the total  accumulated
    11  balance that may be retained shall not exceed four percent of such total
    12  costs  for such school year and provided, further, that such funds shall
    13  not be recoverable  on  reconciliation,  such  funds  shall  be  carried
    14  forward  as  total reimbursable costs for purposes of calculating subse-
    15  quent year prospective and reconciliation tuition rates and  such  funds
    16  shall  be  separate  from  and in addition to any other authorization to
    17  retain surplus funds on  reconciliation.  Funds  may  be  expended  only
    18  pursuant  to  an authorization of the governing board of the institution
    19  for a purpose expressly authorized as part of allowable  costs  for  the
    20  year  in  which the funds are to be expended, provided that funds may be
    21  expended to pay prior  year  outstanding  debts.  Any  institution  that
    22  retains funds pursuant to this subdivision shall be required to annually
    23  report  a  statement  of  the  total balance of such retained funds, the
    24  amount, if any, retained in the prior school year, the amount,  if  any,

         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD08490-01-3
        S. 7215                             2

     1  disbursed  in  the prior school year, and the financial reports that are
     2  required to be annually submitted to the department.
     3    §  2.  This act shall take effect on the first of July next succeeding
     4  the date on which it shall have become a law.