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

                                 5429--A

                       2015-2016 Regular Sessions

                          I N  A S S E M B L Y

                            February 23, 2015
                               ___________

Introduced by M. of A. GIGLIO -- read once and referred to the Committee
  on  Real  Property  Taxation  --  recommitted to the Committee on Real
  Property Taxation in accordance  with  Assembly  Rule  3,  sec.  2  --
  committee  discharged,  bill amended, ordered reprinted as amended and
  recommitted to said committee

AN ACT to amend the education law, in relation to  providing  a  supple-
  mental  valuation  impact  grant  to  the  West  Valley central school
  district

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

  Section  1.    Subdivision  3 of section 3641 of the education law, as
added by section 29-a of part B of chapter 57 of the laws of 2008, para-
graph a as amended by section 31 of part A of chapter 57 of the laws  of
2009, is amended to read as follows:
  3. Supplemental valuation impact grants.  a. In addition to apportion-
ments otherwise provided by section thirty-six hundred two of this arti-
cle,  for  aid payable in the two thousand [eight] SIXTEEN--two thousand
[nine and two thousand nine--two thousand ten] SEVENTEEN school  [years]
YEAR, the [amounts] AMOUNT specified in [paragraphs] PARAGRAPH c [and d]
of  this  subdivision  shall  be paid for the purpose of providing addi-
tional funding for A school [districts] DISTRICT which [have experienced
a significant financial hardship caused by an  extraordinary  change  in
the taxable property valuation or extraordinary judgments resulting from
tax  certiorari  proceedings]  HAS MORE THAN EIGHTY-THREE PERCENT OF ITS
REAL PROPERTY CLASSIFIED AS TAX EXEMPT.
  b. The purpose of this subdivision is to provide financial  assistance
to  A  school [districts] DISTRICT which [have experienced a significant
reduction in the taxable full value of the school district  or  extraor-
dinary  tax  certiorari judgments] HAS MORE THAN EIGHTY-THREE PERCENT OF
ITS REAL PROPERTY CLASSIFIED AS TAX EXEMPT.  The legislature finds  that
A  school  [districts for which a judgment was made resulting from a tax

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD06044-03-6
              

A. 5429--A                          2

certiorari proceeding which is larger  than  the  total  budget  of  the
school  district  for school year two thousand seven--two thousand eight
or for school districts] DISTRICT which [have observed  a  reduction  of
taxable  real  property of more than seventy-five percent between school
year two thousand five--two thousand six and school  year  two  thousand
eight--two thousand nine] HAS MORE THAN EIGHTY-THREE PERCENT OF ITS REAL
PROPERTY  CLASSIFIED  AS  TAX  EXEMPT  DURING  SCHOOL  YEAR TWO THOUSAND
SIXTEEN--TWO THOUSAND SEVENTEEN may benefit  from  temporary  additional
assistance.
  c.  To  the  [Barker  central school district, there shall be paid one
million three hundred thousand dollars ($1,300,000). Such grant shall be
payable to the Barker central school district  in  accordance  with  the
payment schedules contained in section thirty-six hundred nine-a of this
article, notwithstanding any provision of law to the contrary.
  d.  To the Haverstraw-Stony Point central school district, there shall
be paid two million five hundred  thousand  dollars  ($2,500,000).  Such
grant  shall  be  payable  to  the Haverstraw-Stony Point central school
district in accordance with the payment schedules contained  in  section
thirty-six hundred nine-a of this article, notwithstanding any provision
of law to the contrary] WEST VALLEY CENTRAL SCHOOL DISTRICT, THERE SHALL
BE  PAID  FIVE  HUNDRED THOUSAND DOLLARS ($500,000). SUCH GRANT SHALL BE
PAYABLE TO THE WEST VALLEY CENTRAL SCHOOL DISTRICT  IN  ACCORDANCE  WITH
THE  PAYMENT SCHEDULES CONTAINED IN SECTION THIRTY-SIX HUNDRED NINE-A OF
THIS ARTICLE, NOTWITHSTANDING ANY PROVISION OF LAW TO THE CONTRARY.
  S 2. This act shall take effect immediately.