Bill Text: NY S09292 | 2023-2024 | General Assembly | Amended
Bill Title: Lowers the period of probable usefulness of zero-emission school buses from twelve years to eight years.
Spectrum: Partisan Bill (Democrat 2-0)
Status: (Introduced) 2024-05-20 - PRINT NUMBER 9292A [S09292 Detail]
Download: New_York-2023-S09292-Amended.html
STATE OF NEW YORK ________________________________________________________________________ 9292--A IN SENATE May 10, 2024 ___________ Introduced by Sens. MAYER, MANNION -- read twice and ordered printed, and when printed to be committed to the Committee on Local Government -- reported favorably from said committee and committed to the Commit- tee on Finance -- committee discharged, bill amended, ordered reprinted as amended and recommitted to said committee AN ACT to amend the education law and the local finance law, in relation to the period of probable usefulness of zero-emission school buses The People of the State of New York, represented in Senate and Assem- bly, do enact as follows: 1 Section 1. Subdivision 21-a of section 1604 of the education law, as 2 amended by section 6 of subpart A of part B of chapter 56 of the laws of 3 2022, is amended to read as follows: 4 21-a. To lease a motor vehicle or vehicles to be used for the trans- 5 portation of the children of the district from a school district, board 6 of cooperative educational services or county vocational education and 7 extension board or from any other source, under the conditions specified 8 in this subdivision. No such agreement for the lease of a motor vehicle 9 or vehicles shall be for a term of more than one school year, provided 10 that when authorized by a vote of the qualified voters of the district 11 such lease may have a term of up to five years, or [twelve] eight years 12 for the lease of zero-emission school buses as defined in section thir- 13 ty-six hundred thirty-eight of this chapter. Where the trustee or board 14 of trustees enter into a lease of a motor vehicle or vehicles pursuant 15 to this subdivision for a term of one school year or less, such trustee 16 or board shall not be authorized to enter into another lease for the 17 same or an equivalent replacement vehicle or vehicles, as determined by 18 the commissioner, without obtaining approval of the qualified voters of 19 the school district. 20 § 2. Paragraph i of subdivision 25 of section 1709 of the education 21 law, as amended by section 7 of subpart A of part B of chapter 56 of the 22 laws of 2022, is amended to read as follows: 23 i. In addition to the authority granted in paragraph e of this subdi- 24 vision, the board of education shall be authorized to lease a motor 25 vehicle or vehicles to be used for the transportation of the children of EXPLANATION--Matter in italics (underscored) is new; matter in brackets [] is old law to be omitted. LBD14568-03-4S. 9292--A 2 1 the district from sources other than a school district, board of cooper- 2 ative educational services or county vocational education and extension 3 board under the conditions specified in this paragraph. No such agree- 4 ment for the lease of a motor vehicle or vehicles shall be for a term of 5 more than one school year, provided that when authorized by a vote of 6 the qualified voters of the district such lease may have a term of up to 7 five years, or [twelve] eight years for the lease of zero-emission 8 school buses as defined in section thirty-six hundred thirty-eight of 9 this chapter. Where the board of education enters a lease of a motor 10 vehicle or vehicles pursuant to this paragraph for a term of one school 11 year or less, such board shall not be authorized to enter into another 12 lease of the same or an equivalent replacement vehicle or vehicles, as 13 determined by the commissioner, without obtaining approval of the 14 voters. 15 § 3. Paragraph e of subdivision 7 of section 3602 of the education 16 law, as amended by section 3 of subpart A of part B of chapter 56 of the 17 laws of 2022, is amended to read as follows: 18 e. In determining approved transportation capital, debt service and 19 lease expense for aid payable in the two thousand five--two thousand six 20 school year and thereafter, the commissioner, after applying the 21 provisions of paragraph c of this subdivision to such expense, shall 22 establish an assumed amortization pursuant to this paragraph to deter- 23 mine the approved capital, debt service and lease expense of the school 24 district that is aidable in the current year, whether or not the school 25 district issues debt for such expenditures, subject to any deduction 26 pursuant to paragraph d of this subdivision. Such assumed amortization 27 shall be for a period of five years, and for the two thousand twenty- 28 two--two thousand twenty-three school year and thereafter such assumed 29 amortization for zero-emission school buses as defined in section thir- 30 ty-six hundred thirty-eight of this article and related costs pursuant 31 to paragraph f of subdivision two of section thirty-six hundred twenty- 32 three-a of this article shall be for a period of [twelve] eight years, 33 and shall commence twelve months after the school district enters into a 34 purchase contract or lease of the school bus, charging station, hydrogen 35 fueling station, or equipment, or a general contract for the 36 construction, reconstruction, lease or purchase of a transportation 37 storage facility or site in an amount less than ten thousand dollars. 38 Such assumed amortization shall provide for equal semiannual payments of 39 principal and interest based on an assumed interest rate established by 40 the commissioner pursuant to this paragraph. By the first day of Septem- 41 ber of the current year commencing with the two thousand five--two thou- 42 sand six school year, each school district shall provide to the commis- 43 sioner in a format prescribed by the commissioner such information as 44 the commissioner shall require for all capital debt incurred by such 45 school district during the preceding school year for expenses allowable 46 pursuant to subdivision two of section thirty-six hundred twenty-three-a 47 of this article. Based on such reported amortizations and a methodology 48 prescribed by the commissioner in regulations, the commissioner shall 49 compute an assumed interest rate that shall equal the average of the 50 interest rates applied to all such debt issued during the preceding 51 school year. The assumed interest rate shall be the interest rate of 52 each such school district applicable to the current year for the 53 purposes of this paragraph and shall be expressed as a decimal to five 54 places rounded to the nearest eighth of one-one hundredth.S. 9292--A 3 1 § 4. Subdivision 29-a of paragraph a of section 11.00 of the local 2 finance law, as amended by section 8 of subpart A of part B of chapter 3 56 of the laws of 2022, is amended to read as follows: 4 29-a. Transit motor vehicles. The purchase of municipally owned omni- 5 bus or similar surface transit motor vehicles, ten years; and the 6 purchase of zero-emission school buses owned by a school district 7 defined pursuant to paragraph two of section 2.00 of this chapter, a 8 city school district with a population of more than one hundred twenty- 9 five thousand inhabitants, or board of cooperative educational services, 10 [twelve] eight years. 11 § 5. This act shall take effect on the first of July next succeeding 12 the date on which it shall have become a law.
