S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   3689
 
                        2019-2020 Regular Sessions
 
                           I N  A S S E M B L Y
 
                             January 30, 2019
                                ___________
 
 Introduced  by M. of A. GUNTHER, CAHILL, STEC, CROUCH -- Multi-Sponsored
   by -- M. of A.  COOK, RIVERA -- read once and referred to the  Commit-
   tee on Education
 
 AN  ACT  to  amend the education law, in relation to excluding the valu-
   ation of state forest preserve lands, within the Adirondack and  Cats-
   kill  parks, from the definition of "actual valuation" for purposes of
   apportionment of state moneys to school districts
 
   THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section  1. Paragraph c of subdivision 1 of section 3602 of the educa-
 tion law, as amended by section 11 of part B of chapter 57 of  the  laws
 of 2007, is amended to read as follows:
   c. "Actual valuation" shall mean the valuation of taxable real proper-
 ty  in  a  school  district obtained by taking the assessed valuation of
 taxable real property within  such  district  as  it  appears  upon  the
 assessment  roll  of  the  town,  city, village, or county in which such
 property is located, for the calendar year two years prior to the calen-
 dar year in which the base year commenced, after revision as provided by
 law, and dividing it by the state equalization rate as determined by the
 state board of [equalization and assessment] REAL PROPERTY TAX SERVICES,
 for the assessment roll of such town, city, village, or county completed
 during such preceding calendar year; PROVIDED, HOWEVER, THAT THE  ACTUAL
 VALUATION  OF  A  SCHOOL DISTRICT SHALL NOT INCLUDE THE VALUATION OF ANY
 REAL PROPERTY WITHIN A STATE FOREST  PRESERVE  THAT  IS  EITHER  IN  THE
 ADIRONDACK PARK OR THE CATSKILL PARK.  The actual valuation of a central
 high  school  district shall be the sum of such valuations of its compo-
 nent districts. Such actual valuation shall include any actual valuation
 equivalent of payments in lieu of taxes determined pursuant  to  section
 four  hundred eighty-five of the real property tax law. "Selected actual
 valuation" shall mean the lesser of actual valuation calculated for  aid
 payable  in the current year or the two-year average of the actual valu-
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
              

                                                            LBD00414-01-9

 A. 3689                             2
 
 ation calculated for aid payable in the  current  year  and  the  actual
 valuation calculated for aid payable in the base year.
   §  2. This act shall take effect on the first of April next succeeding
 the date on which it shall have become a law.