Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Jun 01, 2022 |
held for consideration in ways and means |
Jan 05, 2022 |
referred to ways and means |
Feb 05, 2021 |
referred to ways and means |
Assembly Bill A4718
2021-2022 Legislative Session
Sponsored By
SMITH
Archive: Last Bill Status - In Assembly 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
Actions
co-Sponsors
Joe DeStefano
Nader Sayegh
Karl Brabenec
2021-A4718 (ACTIVE) - Details
2021-A4718 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 4718 2021-2022 Regular Sessions I N A S S E M B L Y February 5, 2021 ___________ Introduced by M. of A. SMITH -- read once and referred to the Committee on Ways and Means AN ACT to amend the state finance law, in relation to establishing the city of New York education fund, the city of Yonkers education fund, the city of Rochester education fund, the city of Buffalo education fund and the city of Syracuse education fund THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. The state finance law is amended by adding five new sections 99-ii, 99-jj, 99-kk, 99-ll and 99-mm to read as follows: § 99-II. CITY OF NEW YORK EDUCATION FUND. 1. THERE IS HEREBY ESTAB- LISHED IN THE JOINT CUSTODY OF THE MAYOR OF THE CITY OF NEW YORK AND THE COMMISSIONER OF TAXATION AND FINANCE A SPECIAL FUND TO BE KNOWN AS THE "CITY OF NEW YORK EDUCATION FUND". 2. THE CITY OF NEW YORK EDUCATION FUND SHALL CONSIST OF MONEYS COLLECTED FROM THE ADDITIONAL IMPOSITION OF ONE PERCENT OF REAL PROPERTY TAXES ON ALL CLASSES WITHIN A CITY WITH A POPULATION OF ONE MILLION OR MORE. 3. FUNDING WITHIN THE CITY OF NEW YORK EDUCATION FUND SHALL BE USED IN CONJUNCTION WITH MONEY PROVIDED THROUGH THE CITY'S BUDGET TO SUPPORT EDUCATION PROGRAMS. 4. MONEYS IN THE FUND SHALL BE KEPT SEPARATELY FROM AND SHALL NOT BE COMMINGLED WITH ANY OTHER MONEYS IN THE CUSTODY OF THE CITY. § 99-JJ. CITY OF YONKERS EDUCATION FUND. 1. THERE IS HEREBY ESTAB- LISHED IN THE JOINT CUSTODY OF THE MAYOR OF THE CITY OF YONKERS AND THE COMMISSIONER OF TAXATION AND FINANCE A SPECIAL FUND TO BE KNOWN AS THE "CITY OF YONKERS EDUCATION FUND". 2. THE FUND SHALL CONSIST OF MONEYS COLLECTED FROM THE ADDITIONAL IMPOSITION OF ONE PERCENT OF REAL PROPERTY TAXES ON ALL CLASSES WITHIN THE CITY OF YONKERS. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD06873-01-1
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