Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
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---|---|
Jan 09, 2019 |
referred to education |
Senate Bill S866
2019-2020 Legislative Session
Sponsored By
(R, C, IP) Senate District
Archive: Last Bill Status - In Senate Committee Education Committee
- Introduced
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- In Committee Assembly
- In Committee Senate
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- On Floor Calendar Assembly
- On Floor Calendar Senate
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- Passed Assembly
- Passed Senate
- Delivered to Governor
- Signed By Governor
Actions
2019-S866 (ACTIVE) - Details
2019-S866 (ACTIVE) - Sponsor Memo
BILL NUMBER: S866 SPONSOR: YOUNG TITLE OF BILL: An act to authorize the board of education of the Salamanca city school district to establish a federal impact aid reserve fund in the event federal impact aid is reduced PURPOSE: Authorizes the City School District of the City of Salamanca to estab- lish a reserve fund for federal impact aid in the event that such aid is reduced. SUMMARY OF PROVISIONS: Section 1. Provides Legislative Findings. Section 2. Provides definitions used in the act.
2019-S866 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 866 2019-2020 Regular Sessions I N S E N A T E January 9, 2019 ___________ Introduced by Sen. YOUNG -- read twice and ordered printed, and when printed to be committed to the Committee on Education AN ACT to authorize the board of education of the Salamanca city school district to establish a federal impact aid reserve fund in the event federal impact aid is reduced THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Legislative findings. The legislature hereby finds that since certain lands are designated as exempt from taxation, specifically the Allegany Territory of the Seneca Nation of Indians which is within the Salamanca city school district, the Salamanca city school district receives federal impact aid for support of services to students. Responsible fiscal planning requires establishment of a federal impact reserve fund for the purpose of stabilizing the tax levy while maintain- ing educational programming and services, in the event that such aid is no longer provided to such district. § 2. Definitions. As used in this act: (a) "Board of education" or "board" means the board of education of the district. (b) "Federal impact aid reserve fund" or "fund" means the district federal impact aid reserve fund established pursuant to this act in the event of reduction or loss of federal impact aid. (c) "School district" or "district" means the Salamanca city school district. § 3. The board of education is hereby authorized to establish a feder- al impact aid reserve fund for the purpose of tax stabilization in the event federal impact aid is reduced provided that the amount of such reserve shall not exceed five million dollars ($5,000,000); provided, however, that no such fund shall be established unless approved by a majority vote of the voters of the district present and voting on a separate ballot proposition therefor at either a special district meet- EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted.
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