S T A T E   O F   N E W   Y O R K
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                                    289
 
                        2017-2018 Regular Sessions
 
                           I N  A S S E M B L Y
 
                              January 5, 2017
                                ___________
 
 Introduced  by M. of A. GUNTHER, HOOPER, CROUCH -- Multi-Sponsored by --
   M. of A.  GIGLIO, LOPEZ, McLAUGHLIN, RIVERA, STECK --  read  once  and
   referred to the Committee on Education
 
 AN  ACT  to  amend  the  education law, in relation to exempting certain
   consolidated school districts from provisions of law requiring re-com-
   putation upon sale of building aid for projects for the  construction,
   acquisition,  reconstruction,  rehabilitation or improvement of school
   buildings
 
   THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section  1.  Subparagraph 8 of paragraph e of subdivision 6 of section
 3602 of the education law, as added by section 31 of part A  of  chapter
 58 of the laws of 2011, is amended to read as follows:
   (8)  Notwithstanding  any  other provision of the law to the contrary,
 AND UNLESS THE DISTRICT WAS FORMED AS A RESULT OF A CONSOLIDATION OF  AT
 LEAST  TWO SCHOOL DISTRICTS IN THE PAST FIFTEEN YEARS, where, during the
 period  of  assumed  amortization  relating  to  a   project   for   the
 construction, acquisition, reconstruction, rehabilitation or improvement
 of a school building, the school building is sold or ownership is other-
 wise transferred to an entity other than the school district or city and
 such  transfer  results  in the building no longer being operated by the
 school district as a public elementary or secondary school that  is  not
 independent  or autonomous, the district shall, within sixty days of the
 transfer of ownership, notify the commissioner of such sale or transfer,
 and shall provide such additional information about the sale or transfer
 as the commissioner may require, in a form prescribed by the commission-
 er, and the commissioner shall re-compute  the  building  aid,  if  any,
 payable  for  such  project pursuant to this subparagraph, except to the
 extent such re-computation would conflict with the provisions of section
 twenty-seven hundred ninety-nine-tt of the public authorities  law.  The
 commissioner  shall  deduct the revenues received by the school district
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
              

                                                            LBD02789-01-7

 A. 289                              2
 
 or city as a result of such sale or transfer  from  the  approved  total
 project  cost  and, based on such adjusted project cost, establish a new
 assumed amortization for the remaining useful life of the project  under
 the applicable provisions of this paragraph.
   § 2. This act shall take effect immediately.