Assembly Bill A7788

Signed By Governor
2017-2018 Legislative Session

Relates to the computation of certain building aid

download bill text pdf

Sponsored By

Archive: Last Bill Status - Signed by Governor

  • 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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Bill Amendments

2017-A7788 - Details

Law Section:
Education Law
Laws Affected:
Amd §3602, Ed L

2017-A7788 - Summary

Relates to the computation of certain building aid.

2017-A7788 - Bill Text download pdf 

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   7788
 
                        2017-2018 Regular Sessions
 
                           I N  A S S E M B L Y
 
                               May 15, 2017
                                ___________
 
 Introduced  by M. of A. MAYER -- read once and referred to the Committee
   on Education
 
 AN ACT to amend the education law, in relation  to  the  computation  of
   certain building aid
 
   THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
 BLY, DO ENACT AS FOLLOWS:

   Section 1. Paragraph a of subdivision 6 of section 3602 of the  educa-
 tion law is amended by adding a new subparagraph 7 to read as follows:
   (7)  NOTWITHSTANDING  ANY  OTHER PROVISION OF LAW TO THE CONTRARY, FOR
 THE PURPOSE OF COMPUTATION  OF  BUILDING  AID  FOR  PROJECTS  AUTHORIZED
 PURSUANT TO CHAPTER THREE HUNDRED FIFTY-FIVE OF THE LAWS OF TWO THOUSAND
 SIXTEEN,  MULTI-YEAR  COST  ALLOWANCES  FOR EACH PROJECT SHALL BE ESTAB-
 LISHED AND UTILIZED TWO TIMES IN THE FIRST FIVE-YEAR PERIOD.  SUBSEQUENT
 MULTI-YEAR COST ALLOWANCES SHALL BE ESTABLISHED NO SOONER THAN TEN YEARS
 AFTER  ESTABLISHMENT  OF  THE  FIRST  MAXIMUM  COST ALLOWANCE AUTHORIZED
 PURSUANT TO THIS SUBPARAGRAPH.
   § 2. Subparagraph 2 of paragraph c of subdivision 6 of section 3602 of
 the education law is amended by adding a  new  clause  (d)  to  read  as
 follows:
   (D)  NOTWITHSTANDING  ANY  PROVISION  OF  LAW TO THE CONTRARY, FOR AID
 PAYABLE IN THE SCHOOL YEARS TWO THOUSAND SEVENTEEN--TWO  THOUSAND  EIGH-
 TEEN AND THEREAFTER FOR ALL SCHOOL BUILDING PROJECTS AUTHORIZED PURSUANT
 TO CHAPTER THREE HUNDRED FIFTY-FIVE OF THE LAWS OF TWO THOUSAND SIXTEEN,
 THE  SCHOOL  DISTRICT  SHALL  COMPUTE  AID  UNDER THE PROVISIONS OF THIS
 SUBDIVISION USING A BUILDING AID RATIO OF NINETY-EIGHT HUNDREDTHS.
   § 3. This act shall take effect immediately.
 
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD11547-01-7

co-Sponsors

2017-A7788A (ACTIVE) - Details

Law Section:
Education Law
Laws Affected:
Amd §3602, Ed L

2017-A7788A (ACTIVE) - Summary

Relates to the computation of certain building aid.

2017-A7788A (ACTIVE) - Bill Text download pdf 

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                  7788--A
 
                        2017-2018 Regular Sessions
 
                           I N  A S S E M B L Y
 
                               May 15, 2017
                                ___________
 
 Introduced  by M. of A. MAYER -- read once and referred to the Committee
   on Education -- committee discharged, bill amended, ordered  reprinted
   as amended and recommitted to said committee
 
 AN  ACT  to  amend  the education law, in relation to the computation of
   certain building aid

   THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section  1. Paragraph a of subdivision 6 of section 3602 of the educa-
 tion law is amended by adding a new subparagraph 7 to read as follows:
   (7) NOTWITHSTANDING ANY OTHER PROVISION OF LAW TO  THE  CONTRARY,  FOR
 THE  PURPOSE  OF  COMPUTATION OF BUILDING AID FOR THREE NEW CONSTRUCTION
 PROJECTS AND FOR THE EQUIPPING OF SUCH PROJECTS AUTHORIZED  PURSUANT  TO
 CHAPTER  THREE  HUNDRED  FIFTY-FIVE OF THE LAWS OF TWO THOUSAND SIXTEEN,
 MULTI-YEAR COST ALLOWANCES FOR EACH PROJECT  SHALL  BE  ESTABLISHED  AND
 UTILIZED  TWO TIMES IN THE FIRST FIVE-YEAR PERIOD. SUBSEQUENT MULTI-YEAR
 COST ALLOWANCES SHALL BE ESTABLISHED NO  SOONER  THAN  TEN  YEARS  AFTER
 ESTABLISHMENT OF THE FIRST MAXIMUM COST ALLOWANCE AUTHORIZED PURSUANT TO
 THIS SUBPARAGRAPH.
   § 2. This act shall take effect immediately.
 
 
 
 
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD11547-02-7

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