Bill Text: NY S07605 | 2023-2024 | General Assembly | Introduced
Bill Title: Relates to the computation of building aid for reorganization efforts including the construction, reconstruction or modernizing of certain projects by the Boquet Valley central school district.
Spectrum: Partisan Bill (Republican 1-0)
Status: (Introduced) 2024-05-20 - REPORTED AND COMMITTED TO FINANCE [S07605 Detail]
Download: New_York-2023-S07605-Introduced.html
STATE OF NEW YORK ________________________________________________________________________ 7605 2023-2024 Regular Sessions IN SENATE July 19, 2023 ___________ Introduced by Sen. STEC -- read twice and ordered printed, and when printed to be committed to the Committee on Rules AN ACT to amend the education law, in relation to the computation of building aid for the Boquet Valley Central School District The People of the State of New York, represented in Senate and Assem- bly, do enact as follows: 1 Section 1. Paragraph a of subdivision 6 of section 3602 of the educa- 2 tion law is amended by adding a new subparagraph 12 to read as follows: 3 (12) Notwithstanding any other provision of law to the contrary, for 4 the purpose of computation of building aid for reorganization operations 5 including construction, reconstruction or modernizing by the Boquet 6 Valley central school district, multi-year cost allowances for the 7 project shall be established and utilized two times in the first five- 8 year period. Subsequent multi-year cost allowances shall be established 9 no sooner than ten years after establishment of the first maximum cost 10 allowance authorized pursuant to this subparagraph. 11 § 2. This act shall take effect immediately. EXPLANATION--Matter in italics (underscored) is new; matter in brackets [] is old law to be omitted. LBD11921-01-3
