Senate Bill S9053

2021-2022 Legislative Session

Establishes the Island Park LIPA power plant tax assessment challenge reserve fund

download bill text pdf

Sponsored By

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

Do you support this bill?

Please enter your contact information

Home address is used to determine the senate district in which you reside. Your support or opposition to this bill is then shared immediately with the senator who represents you.

Optional services from the NY State Senate:

Create an account. An account allows you to officially support or oppose key legislation, sign petitions with a single click, and follow issues, committees, and bills that matter to you. When you create an account, you agree to this platform's terms of participation.

Include a custom message for your Senator? (Optional)

Enter a message to your senator. Many New Yorkers use this to share the reasoning behind their support or opposition to the bill. Others might share a personal anecdote about how the bill would affect them or people they care about.
Actions
Votes

2021-S9053 (ACTIVE) - Details

See Assembly Version of this Bill:
A10233
Current Committee:
Assembly Education
Law Section:
Education Law
Laws Affected:
Add §3654, Ed L
Versions Introduced in 2023-2024 Legislative Session:
S7253, A5142

2021-S9053 (ACTIVE) - Summary

Establishes the Island Park LIPA power plant tax assessment challenge reserve fund to reserve against, lessen or prevent increases in the school district's real property tax levy and/or tax rate resulting from decreases in revenue or taxes or a significant shift in tax liability due to a tax certiorari settlement or judgment; defines terms; makes related provisions.

2021-S9053 (ACTIVE) - Sponsor Memo

2021-S9053 (ACTIVE) - Bill Text download pdf 

                             
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   9053
 
                             I N  S E N A T E
 
                                May 5, 2022
                                ___________
 
 Introduced  by Sen. KAMINSKY -- read twice and ordered printed, and when
   printed to be committed to the Committee on Education
 
 AN ACT to amend the education  law,  in  relation  to  establishing  the
   Island Park LIPA power plant tax assessment challenge reserve fund
 
   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  3654
 to read as follows:
   §  3654. ISLAND PARK LIPA POWER PLANT TAX ASSESSMENT CHALLENGE RESERVE
 FUND. 1. DEFINITIONS. AS USED IN THIS SECTION:
   (A) "BOARD OF EDUCATION" OR "BOARD" SHALL MEAN THE BOARD OF  EDUCATION
 OF THE ISLAND PARK UNION FREE SCHOOL DISTRICT.
   (B) "ISLAND PARK LIPA POWER PLANT  TAX  ASSESSMENT  CHALLENGE  RESERVE
 FUND"  OR "FUND" SHALL MEAN THE ISLAND PARK LIPA POWER PLANT TAX ASSESS-
 MENT CHALLENGE RESERVE FUND  ESTABLISHED  PURSUANT  TO THIS SECTION.
   (C)  "SCHOOL  DISTRICT"  OR  "DISTRICT"   SHALL MEAN THE  ISLAND  PARK
 UNION FREE SCHOOL DISTRICT.
   2.  THE BOARD OF EDUCATION IS HEREBY AUTHORIZED TO ESTABLISH AN ISLAND
 PARK LIPA POWER PLANT TAX ASSESSMENT CHALLENGE RESERVE FUND  TO  RESERVE
 AGAINST,  OR  LESSEN OR PREVENT INCREASES  IN THE SCHOOL DISTRICT'S REAL
 PROPERTY TAX LEVY AND/OR TAX RATE RESULTING FROM DECREASES IN REVENUE OR
 TAXES OR A SIGNIFICANT SHIFT IN TAX LIABILITY DUE TO  A  TAX  CERTIORARI
 SETTLEMENT  OR  JUDGMENT  PROVIDED,  HOWEVER, THAT NO SUCH FUND SHALL BE
 ESTABLISHED UNLESS APPROVED BY A MAJORITY VOTE OF THE VOTERS PRESENT AND
 VOTING ON A SEPARATE BALLOT PROPOSITION THEREFOR  AT  EITHER  A  SPECIAL
 DISTRICT  MEETING WHICH THE BOARD OF EDUCATION MAY CALL FOR SUCH PURPOSE
 OR AT THE ANNUAL DISTRICT  MEETING  AND  ELECTION,  TO  BE  NOTICED  AND
 CONDUCTED  IN  EITHER  CASE IN ACCORDANCE WITH ARTICLE FORTY-ONE OF THIS
 CHAPTER. SUCH SEPARATE PROPOSITION SHALL SET FORTH THE MAXIMUM ALLOWABLE
 BALANCE TO BE DEPOSITED AND HELD IN THE ISLAND PARK LIPA POWER PLANT TAX
 ASSESSMENT CHALLENGE RESERVE FUND. MONEYS SHALL BE PAID INTO  AND  WITH-
 DRAWN FROM THE FUND AND THE FUND SHALL BE ADMINISTERED AS FOLLOWS:
   (A)  THE  BOARD  OF EDUCATION IS HEREBY AUTHORIZED TO RECEIVE PAYMENTS
 INTO  ITS  ISLAND PARK LIPA POWER PLANT TAX ASSESSMENT CHALLENGE RESERVE
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.

Comments

Open Legislation is a forum for New York State legislation. All comments are subject to review and community moderation is encouraged.

Comments deemed off-topic, commercial, campaign-related, self-promotional; or that contain profanity, hate or toxic speech; or that link to sites outside of the nysenate.gov domain are not permitted, and will not be published. Attempts to intimidate and silence contributors or deliberately deceive the public, including excessive or extraneous posting/posts, or coordinated activity, are prohibited and may result in the temporary or permanent banning of the user. Comment moderation is generally performed Monday through Friday. By contributing or voting you agree to the Terms of Participation and verify you are over 13.

Create an account. An account allows you to sign petitions with a single click, officially support or oppose key legislation, and follow issues, committees, and bills that matter to you. When you create an account, you agree to this platform's terms of participation.