senate Bill S1092

Establishes an energy reserve fund for school districts and boards of cooperative educational services

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Bill Status


  • Introduced
  • In Committee
  • On Floor Calendar
    • Passed Senate
    • Passed Assembly
  • Delivered to Governor
  • Signed/Vetoed by Governor
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actions

  • 09 / Jan / 2013
    • REFERRED TO EDUCATION
  • 08 / Jan / 2014
    • REFERRED TO EDUCATION

Summary

Establishes an energy reserve fund for school districts and boards of cooperative educational services.

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Bill Details

See Assembly Version of this Bill:
A1155
Versions:
S1092
Legislative Cycle:
2013-2014
Current Committee:
Senate Education
Law Section:
Education Law
Laws Affected:
Amd §3651, Ed L
Versions Introduced in Previous Legislative Cycles:
2011-2012: S517, A246
2009-2010: S6933, A961
2007-2008: S8448, A7880

Sponsor Memo

BILL NUMBER:S1092

TITLE OF BILL:
An act
to amend the education law, in relation to establishing an energy
reserve fund for school districts and boards of cooperative educational
services

PURPOSE:

Allows school districts and boards of cooperative educational services
to establish a separate fund to provide a reserve for excess energy
costs.

Section 3651 of the education law is amended to authorize any school
district to establish an energy reserve fund for the payment of
energy costs and that any reserve funds not expended in
that fiscal year may be transferred to another reserve fund or applied
to the appropriations of next fiscal year's budget.

JUSTIFICATION:

For the past several years many school districts have faced an
increasing difficult time in paying for the high cost of energy.
Energy costs have fluctuated greatly and are making it very difficult
for school districts to plan for the rising energy costs. This
bill would allow school districts to create an energy reserve fund,
which would allow school districts to accumulate funds to pay for the
excess costs of energy from this fund. Currently, school districts
are allowed to have thirteen other reserve funds for purposes such as
Capital, Worker's Compensation, Tax Certioriari and Liability
Reserve, among others.

LEGISLATIVE HISTORY:

S.517/A.246 of 2011/2012; Referred to Education
S.6933/A.961 of 2009/2010; Referred to Education
S.8448 - 2008 - Referred to Rules Committee

FISCAL IMPLICATIONS:

None.

EFFECTIVE DATE:

Immediately.

view bill text
                    S T A T E   O F   N E W   Y O R K
________________________________________________________________________

                                  1092

                       2013-2014 Regular Sessions

                            I N  S E N A T E

                               (PREFILED)

                             January 9, 2013
                               ___________

Introduced  by  Sens.  MAZIARZ, GALLIVAN, GRISANTI, LARKIN -- 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 an energy
  reserve fund for school districts and  boards  of  cooperative  educa-
  tional services

  THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:

  Section 1. Section 3651 of the education law is amended  by  adding  a
new subdivision 1-c to read as follows:
  1-C.  NOTWITHSTANDING  THE  PROVISIONS  OF  SUBDIVISION  ONE  OF  THIS
SECTION, ANY SCHOOL DISTRICT MAY ESTABLISH AN ENERGY  RESERVE  FUND  FOR
THE PAYMENT OF ENERGY COSTS, WITHOUT APPROVAL BY THE QUALIFIED VOTERS OF
THE DISTRICT. ANY MONIES DEPOSITED TO SUCH ENERGY RESERVE FUND WHICH ARE
NOT EXPENDED FOR THE PAYMENT OF ENERGY COSTS IN THE FISCAL YEAR THAT THE
FUNDS ARE DEPOSITED IN THE ENERGY RESERVE FUND MAY BE EITHER TRANSFERRED
TO  ANOTHER  RESERVE  FUND  OR APPLIED TO THE APPROPRIATIONS OF THE NEXT
SUCCEEDING FISCAL YEAR'S BUDGET.
  S 2. Subdivision 3-a of section 3651 of the education law, as added by
chapter 588 of the laws of 1988, is amended to read as follows:
  3-a. Notwithstanding the  provisions  of  subdivision  three  of  this
section, any school district which establishes a reserve fund in accord-
ance  with  subdivision one-a OR ONE-C of this section may make expendi-
tures from such fund for the purposes specified  in  such  [subdivision]
SUBDIVISIONS without authorization of the voters.
  S 3. This act shall take effect immediately.


 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD02094-01-3

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