Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
May 06, 2010 |
referred to education |
Assembly Bill A10990
2009-2010 Legislative Session
Sponsored By
ENGLEBRIGHT
Archive: Last Bill Status - In Assembly Committee
- Introduced
-
- In Committee Assembly
- In Committee Senate
-
- On Floor Calendar Assembly
- On Floor Calendar Senate
-
- Passed Assembly
- Passed Senate
- Delivered to Governor
- Signed By Governor
Actions
co-Sponsors
Kenneth Zebrowski
Francine DelMonte
Ellen C. Jaffee
David Koon
multi-Sponsors
James Bacalles
Nancy Calhoun
Jane Corwin
Janet Duprey
2009-A10990 (ACTIVE) - Details
2009-A10990 (ACTIVE) - Sponsor Memo
BILL NUMBER:A10990 TITLE OF BILL: An act authorizing certain school districts to elect to withdraw excess monies from the employee benefit accrued liability reserve fund; and to repeal certain provisions of the general municipal law, relating to the examination of accounts PURPOSE OR GENERAL IDEA: To allow school districts to withdraw up to fifty percent of funds maintained in the employee benefit accrued liability reserve fund, or one hundred percent of the excess of such monies whichever is greater. Such funds shall only be used to mitigate an anticipated increase in school property taxes and/or restore antic- ipated or actual staff level reductions SUMMARY OF PROVISIONS: Section 1 allows school districts to withdraw up to fifty percent of funds maintained in the employee benefit accrued liability reserve fund, or one hundred percent of the excess of such monies whichever is greater. Such funds shall only be used to mitigate an anticipated increase in school property taxes and/or restore antic- ipated or actual staff level reductions. Section 2 Section two repeals Subdivision 3 of section 33 of the general municipal law is repealed. Section 3 is the effective date.
2009-A10990 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 10990 I N A S S E M B L Y May 6, 2010 ___________ Introduced by M. of A. ENGLEBRIGHT -- read once and referred to the Committee on Education AN ACT authorizing certain school districts to elect to withdraw excess monies from the employee benefit accrued liability reserve fund; and to repeal certain provisions of the general municipal law, relating to the examination of accounts THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Any school district having monies in an employee benefit accrued liability reserve fund established pursuant to section 6-p of the general municipal law, on the effective date of this act, may make a one time election, by resolution of its governing board adopted no later than one year from such effective date, to transfer up to fifty percent of the total of such monies or one hundred percent of the excess of such monies, whichever is greater, into the general fund of the school district. Such funds appropriated by this section shall only be used to mitigate an anticipated increase in school property taxes and/or restore anticipated or actual staff level reductions. S 2. Subdivision 3 of section 33 of the general municipal law is REPEALED. S 3. This act shall take effect immediately. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD16841-05-0
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