Assembly Bill A4274

2011-2012 Legislative Session

Relates to school district bonds and notification to taxpayers

download bill text pdf

Sponsored By

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

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2011-A4274 (ACTIVE) - Details

Current Committee:
Assembly Education
Law Section:
Education Law
Laws Affected:
Add ยง3613, Ed L
Versions Introduced in Other Legislative Sessions:
2009-2010: A4909
2013-2014: A4255
2015-2016: A4462
2017-2018: A3257
2019-2020: A4972

2011-A4274 (ACTIVE) - Summary

Relates to school district bonds and notification to taxpayers; requires school districts when presenting a budget for the fiscal year, to notify taxpayers and disclose the amount of the outstanding bonds and the amount of such bonds which shall expire in the respective fiscal year; provides for a separate line on every taxpayer's bill for the amount of taxes which were paid in the respective fiscal year.

2011-A4274 (ACTIVE) - Bill Text download pdf 

                            
                    S T A T E   O F   N E W   Y O R K
________________________________________________________________________

                                  4274

                       2011-2012 Regular Sessions

                          I N  A S S E M B L Y

                            February 2, 2011
                               ___________

Introduced  by M. of A. RAIA, McKEVITT -- Multi-Sponsored by -- M. of A.
  FITZPATRICK, GIGLIO, McDONOUGH, RABBITT -- read once and  referred  to
  the Committee on Education

AN  ACT to amend the education law, in relation to school district bonds
  and notification to taxpayers

  THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
BLY, DO ENACT AS FOLLOWS:

  Section  1.  The education law is amended by adding a new section 3613
to read as follows:
  S 3613. SCHOOL DISTRICT BONDS; NOTIFICATION REQUIREMENTS. 1.  WHENEVER
A SCHOOL DISTRICT SHALL PRESENT THE BUDGET, SUCH SCHOOL  DISTRICT  SHALL
DISCLOSE  THE FINANCIAL COST OF ALL OUTSTANDING BONDS WHICH SHALL EXPIRE
IN THE UPCOMING FISCAL YEAR. FOR PURPOSES  OF  THIS  SECTION  DISCLOSURE
SHALL  BE  SATISFIED BY INDICATING THE ANNUAL FINANCIAL PAYMENT THAT THE
DISTRICT HAS MADE IN SATISFACTION OF SUCH BONDS.
  2. ON EVERY TAXPAYER'S BILL THERE SHALL BE A  SEPARATE  LINE  FOR  THE
AMOUNT  OF  TAXES  WHICH WERE PAID IN THE RESPECTIVE FISCAL YEAR ON SUCH
SCHOOL BONDS.
  S 2. This act shall take effect on the first of July  next  succeeding
the date on which it shall have become a law.




 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD06629-01-1

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