Assembly Bill A5124A

2023-2024 Legislative Session

Relates to school district unexpended surplus funds

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Current 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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Bill Amendments

2023-A5124 - Details

See Senate Version of this Bill:
S7701
Current Committee:
Assembly Education
Law Section:
Real Property Tax Law
Laws Affected:
Amd §1318, RPT L
Versions Introduced in 2021-2022 Legislative Session:
A5588

2023-A5124 - Summary

Relates to school district unexpended surplus funds; provides that for the 2025--2026 school year and thereafter, surplus funds shall mean any operating funds in excess of six percent of the current school year budget, and shall not include funds properly retained under other sections of law.

2023-A5124 - Bill Text download pdf 

                             
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   5124
 
                        2023-2024 Regular Sessions
 
                           I N  A S S E M B L Y
 
                               March 2, 2023
                                ___________
 
 Introduced  by M. of A. LUPARDO -- read once and referred to the Commit-
   tee on Education
 
 AN ACT to amend the  real  property  tax  law,  in  relation  to  school
   district unexpended 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. For the  two  thou-
 sand  eight--two thousand nine school year[, and thereafter] THROUGH THE
 TWO THOUSAND TWENTY-FOUR--TWO THOUSAND TWENTY-FIVE SCHOOL YEAR,  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. FOR THE TWO
 THOUSAND  TWENTY-FOUR--TWO  THOUSAND TWENTY-FIVE SCHOOL YEAR, AND THERE-
 AFTER, SURPLUS FUNDS AS USED IN THIS SUBDIVISION SHALL MEAN ANY  OPERAT-
 ING  FUNDS  IN  EXCESS OF SIX 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 shall be
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD09879-01-3

2023-A5124A (ACTIVE) - Details

See Senate Version of this Bill:
S7701
Current Committee:
Assembly Education
Law Section:
Real Property Tax Law
Laws Affected:
Amd §1318, RPT L
Versions Introduced in 2021-2022 Legislative Session:
A5588

2023-A5124A (ACTIVE) - Summary

Relates to school district unexpended surplus funds; provides that for the 2025--2026 school year and thereafter, surplus funds shall mean any operating funds in excess of six percent of the current school year budget, and shall not include funds properly retained under other sections of law.

2023-A5124A (ACTIVE) - Bill Text download pdf 

                             
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                  5124--A
 
                        2023-2024 Regular Sessions
 
                           I N  A S S E M B L Y
 
                               March 2, 2023
                                ___________
 
 Introduced  by M. of A. LUPARDO -- read once and referred to the Commit-
   tee on  Education  --  committee  discharged,  bill  amended,  ordered
   reprinted as amended and recommitted to said committee
 
 AN  ACT  to  amend  the  real  property  tax  law, in relation to school
   district unexpended 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. For the two thou-
 sand eight--two thousand nine school year[, and thereafter] THROUGH  THE
 TWO  THOUSAND  TWENTY-FIVE--TWO THOUSAND TWENTY-SIX SCHOOL YEAR, 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. FOR THE TWO
 THOUSAND TWENTY-FIVE--TWO THOUSAND TWENTY-SIX SCHOOL YEAR, AND THEREAFT-
 ER, SURPLUS FUNDS AS USED IN THIS SUBDIVISION SHALL MEAN  ANY  OPERATING
 FUNDS  IN  EXCESS  OF SIX 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
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD09879-04-3

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