Assembly Bill A4972

2019-2020 Legislative Session

Relates to school district bonds and notification to taxpayers

download bill text pdf

Sponsored By

Archive: Last Bill Status - Stricken

  • 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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2019-A4972 (ACTIVE) - Details

Law Section:
Education Law
Laws Affected:
Add §3615, Ed L
Versions Introduced in Other Legislative Sessions:
2009-2010: A4909
2011-2012: A4274
2013-2014: A4255
2015-2016: A4462
2017-2018: A3257

2019-A4972 (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 on such bonds in the respective fiscal year.

2019-A4972 (ACTIVE) - Bill Text download pdf 

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   4972
 
                        2019-2020 Regular Sessions
 
                           I N  A S S E M B L Y
 
                             February 6, 2019
                                ___________
 
 Introduced  by  M.  of  A. RAIA, FINCH -- Multi-Sponsored by -- M. of A.
   BARCLAY, FITZPATRICK, GIGLIO, McDONOUGH, MORINELLO --  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 3615
 to read as follows:
   § 3615. 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.
   § 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.
                                                            LBD07883-01-9

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