Assembly Bill A304

2023-2024 Legislative Session

Relates to surplus funds

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

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2023-A304 (ACTIVE) - Details

Current Committee:
Assembly Real Property Taxation
Law Section:
Real Property Tax Law
Laws Affected:
Amd §1318, RPT L
Versions Introduced in Other Legislative Sessions:
2019-2020: A10549
2021-2022: A3498
2025-2026: A351

2023-A304 (ACTIVE) - Summary

Provides that for the two thousand twenty-four--two thousand twenty-five school year, the two thousand twenty-five--two thousand twenty-six school year, and the two thousand twenty-six--two thousand twenty-seven school year, surplus funds as used in this subdivision shall mean any operating funds in excess of five percent of the current school year budget, and shall not include funds properly retained under other sections of law.

2023-A304 (ACTIVE) - Bill Text download pdf 

                             
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                    304
 
                        2023-2024 Regular Sessions
 
                           I N  A S S E M B L Y
 
                              January 4, 2023
                                ___________
 
 Introduced by M. of A. PAULIN, OTIS, PRETLOW, ZEBROWSKI -- read once and
   referred to the Committee on Real Property Taxation
 
 AN ACT to amend the real property tax law, in relation to 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;  PROVIDED  HOWEVER,
 THAT  FOR  THE TWO THOUSAND TWENTY-FOUR--TWO THOUSAND TWENTY-FIVE SCHOOL
 YEAR, THE TWO THOUSAND TWENTY-FIVE--TWO THOUSAND TWENTY-SIX SCHOOL YEAR,
 AND THE TWO THOUSAND TWENTY-SIX--TWO THOUSAND TWENTY-SEVEN SCHOOL  YEAR,
 SURPLUS  FUNDS  AS USED  IN  THIS  SUBDIVISION  SHALL MEAN ANY OPERATING
 FUNDS  IN  EXCESS OF FIVE PERCENT OF THE CURRENT SCHOOL YEAR BUDGET, AND
 SHALL  NOT  INCLUDE FUNDS   PROPERLY RETAINED UNDER  OTHER  SECTIONS  OF
 LAW.  For  the  two  thousand  eight--two thousand nine school year, and
 thereafter, 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. 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
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD02156-01-3

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