Senate Bill S3642

2015-2016 Legislative Session

Establishes an energy reserve fund for school districts and boards of cooperative educational services

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Sponsored By

Archive: Last Bill Status - In Senate Committee Education 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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2015-S3642 (ACTIVE) - Details

See Assembly Version of this Bill:
A1677
Current Committee:
Senate Education
Law Section:
Education Law
Laws Affected:
Amd ยง3651, Ed L
Versions Introduced in Other Legislative Sessions:
2009-2010: S6933, A961
2011-2012: S517, A246
2013-2014: S1092, A1155
2017-2018: S545, A151
2019-2020: S3005, A530
2021-2022: S4062, A1195
2023-2024: S7960

2015-S3642 (ACTIVE) - Summary

Establishes an energy reserve fund for school districts and boards of cooperative educational services.

2015-S3642 (ACTIVE) - Sponsor Memo

2015-S3642 (ACTIVE) - Bill Text download pdf 

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

                                  3642

                       2015-2016 Regular Sessions

                            I N  S E N A T E

                            February 13, 2015
                               ___________

Introduced  by  Sen.  FUNKE  -- read twice and ordered printed, and when
  printed to be committed to the Committee on Education

AN ACT to amend the education law, in relation to establishing an energy
  reserve fund for school districts and  boards  of  cooperative  educa-
  tional services

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

  Section 1. Section 3651 of the education law is amended  by  adding  a
new subdivision 1-c to read as follows:
  1-C.  NOTWITHSTANDING  THE  PROVISIONS  OF  SUBDIVISION  ONE  OF  THIS
SECTION, ANY SCHOOL DISTRICT MAY ESTABLISH AN ENERGY  RESERVE  FUND  FOR
THE PAYMENT OF ENERGY COSTS, WITHOUT APPROVAL BY THE QUALIFIED VOTERS OF
THE DISTRICT. ANY MONIES DEPOSITED TO SUCH ENERGY RESERVE FUND WHICH ARE
NOT EXPENDED FOR THE PAYMENT OF ENERGY COSTS IN THE FISCAL YEAR THAT THE
FUNDS ARE DEPOSITED IN THE ENERGY RESERVE FUND MAY BE EITHER TRANSFERRED
TO  ANOTHER  RESERVE  FUND  OR APPLIED TO THE APPROPRIATIONS OF THE NEXT
SUCCEEDING FISCAL YEAR'S BUDGET.
  S 2. Subdivision 3-a of section 3651 of the education law, as added by
chapter 588 of the laws of 1988, is amended to read as follows:
  3-a. Notwithstanding the  provisions  of  subdivision  three  of  this
section, any school district which establishes a reserve fund in accord-
ance  with  subdivision one-a OR ONE-C of this section may make expendi-
tures from such fund for the purposes specified  in  such  [subdivision]
SUBDIVISIONS without authorization of the voters.
  S 3. This act shall take effect immediately.



 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD06177-01-5

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