Senate Bill S4724A

2017-2018 Legislative Session

Relates to school district unexpended surplus funds

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Archive: Last Bill Status - In Senate Committee Local Government 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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Bill Amendments

2017-S4724 - Details

See Assembly Version of this Bill:
A6503
Current Committee:
Senate Local Government
Law Section:
Real Property Tax Law
Laws Affected:
Amd §1318, RPT L
Versions Introduced in Other Legislative Sessions:
2019-2020: S340
2021-2022: S1935

2017-S4724 - Summary

Relates to school district unexpended surplus funds; provides that for the 2017-2018 school year and thereafter, surplus funds shall mean any operating funds in excess of six percent of the current school year budget, and shall not include funds properly retained under other sections of law.

2017-S4724 - Sponsor Memo

2017-S4724 - Bill Text download pdf 

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   4724
 
                        2017-2018 Regular Sessions
 
                             I N  S E N A T E
 
                             February 24, 2017
                                ___________
 
 Introduced  by  Sen.  AKSHAR -- read twice and ordered printed, and when
   printed to be committed to the Committee on Local Government
 
 AN ACT to amend the  real  property  tax  law,  in  relation  to  school
   district unexpended surplus funds
 
   THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section 1. Subdivision 1 of section 1318 of the real property tax law,
 as amended by chapter 238 of the laws of 2007, is  amended  to  read  as
 follows:
   1.  The warrant of the collecting officer shall be signed by the trus-
 tee, or the trustees, or a majority of them, or the board  of  education
 or a majority thereof. Such warrant shall state the amount of unexpended
 surplus  funds  in the custody of the board and shall further state that
 except as authorized or required by law, such unexpended  surplus  funds
 have  been applied in determining the amount of the school tax levy. For
 the two thousand seven--two thousand eight school year, surplus funds as
 used in this subdivision shall mean any operating  funds  in  excess  of
 three  percent  of the current school year budget, and shall not include
 funds properly retained under other sections of law. For the  two  thou-
 sand  eight--two thousand nine school year[, and thereafter] THROUGH THE
 TWO THOUSAND SIXTEEN--TWO THOUSAND SEVENTEEN SCHOOL YEAR, surplus  funds
 as  used in this subdivision shall mean any operating funds in excess of
 four percent of the current school year budget, and  shall  not  include
 funds  properly  retained under other sections of law. FOR THE TWO THOU-
 SAND SEVENTEEN--TWO  THOUSAND  EIGHTEEN  SCHOOL  YEAR,  AND  THEREAFTER,
 SURPLUS FUNDS AS USED IN THIS SUBDIVISION SHALL MEAN ANY OPERATING FUNDS
 IN  EXCESS  OF  TEN PERCENT OF THE CURRENT SCHOOL YEAR BUDGET, AND SHALL
 NOT INCLUDE FUNDS PROPERLY RETAINED UNDER OTHER SECTIONS  OF  LAW.  Such
 warrant  shall  have  the same force and effect as a warrant issued by a
 board of supervisors to a collecting officer in a town.  The  collecting
 officer  to  whom  it  may  be delivered for collection shall be thereby
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.

2017-S4724A (ACTIVE) - Details

See Assembly Version of this Bill:
A6503
Current Committee:
Senate Local Government
Law Section:
Real Property Tax Law
Laws Affected:
Amd §1318, RPT L
Versions Introduced in Other Legislative Sessions:
2019-2020: S340
2021-2022: S1935

2017-S4724A (ACTIVE) - Summary

Relates to school district unexpended surplus funds; provides that for the 2017-2018 school year and thereafter, surplus funds shall mean any operating funds in excess of six percent of the current school year budget, and shall not include funds properly retained under other sections of law.

2017-S4724A (ACTIVE) - Sponsor Memo

2017-S4724A (ACTIVE) - Bill Text download pdf 

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                  4724--A
     Cal. No. 790
 
                        2017-2018 Regular Sessions
 
                             I N  S E N A T E
 
                             February 24, 2017
                                ___________
 
 Introduced  by  Sen.  AKSHAR -- read twice and ordered printed, and when
   printed to be committed  to  the  Committee  on  Local  Government  --
   reported  favorably  from  said committee, ordered to first and second
   report, ordered to a third reading,  amended  and  ordered  reprinted,
   retaining its place in the order of third reading
 
 AN  ACT  to  amend  the  real  property  tax  law, in relation to school
   district unexpended surplus funds
 
   THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section 1. Subdivision 1 of section 1318 of the real property tax law,
 as  amended  by  chapter  238 of the laws of 2007, is amended to read as
 follows:
   1. The warrant of the collecting officer shall be signed by the  trus-
 tee,  or  the trustees, or a majority of them, or the board of education
 or a majority thereof. Such warrant shall state the amount of unexpended
 surplus funds in the custody of the board and shall further  state  that
 except  as  authorized or required by law, such unexpended surplus funds
 have been applied in determining the amount of the school tax levy.  For
 the two thousand seven--two thousand eight school year, surplus funds as
 used  in  this  subdivision  shall mean any operating funds in excess of
 three percent of the current school year budget, and shall  not  include
 funds  properly  retained under other sections of law. For the two thou-
 sand eight--two thousand nine school year[, and thereafter] THROUGH  THE
 TWO  THOUSAND SIXTEEN--TWO THOUSAND SEVENTEEN SCHOOL YEAR, surplus funds
 as used in this subdivision shall mean any operating funds in excess  of
 four  percent  of  the current school year budget, and shall not include
 funds properly retained under other sections of law. FOR THE  TWO  THOU-
 SAND  SEVENTEEN--TWO  THOUSAND  EIGHTEEN  SCHOOL  YEAR,  AND THEREAFTER,
 SURPLUS FUNDS AS USED IN THIS SUBDIVISION SHALL MEAN ANY OPERATING FUNDS
 IN EXCESS OF SIX PERCENT OF THE CURRENT SCHOOL YEAR  BUDGET,  AND  SHALL
 NOT  INCLUDE  FUNDS  PROPERLY RETAINED UNDER OTHER SECTIONS OF LAW. Such
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets

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