|Assembly Actions - Lowercase
Senate Actions - UPPERCASE
|Jan 06, 2010||referred to education|
|Apr 27, 2009||referred to education|
senate Bill S5303
Archive: Last Bill Status -
- In Committee
- On Floor Calendar
- Passed Senate
- Passed Assembly
- Delivered to Governor
- Signed/Vetoed by Governor
S5303 - Details
- See Assembly Version of this Bill:
- Law Section:
S5303 - Sponsor Memo
BILL NUMBER: S5303 TITLE OF BILL : An act in relation to authorizing the Horseheads central school district to use excess employee benefit accrued liability reserve funds for certain purposes PURPOSE : To allow the Horseheads central school district to use the excess employee benefit fund for certain purposes. SUMMARY OF PROVISIONS : This bill authorizes the Horseheads central school district to uses excess EBALR funds to retire short term and long term debt of the school district, pay one time non-recurring expenses and/or establish a tax rebate program to return such excess EBALR funds to the taxpayers of the school district. JUSTIFICATION : In August of 2008, the Office of the State Comptroller, Division of Local Government and School Accountability provided the results of an audit of the Employee Benefit Accrued Liability Reserve Funds (EBALR). School Districts can create EBALR's under Section 6-p of the General Municipal Law and use them to pay employees for accrued leave time due to them when they leave district employment.
S5303 - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ S. 5303 A. 7869 2009-2010 Regular Sessions S E N A T E - A S S E M B L Y April 27, 2009 ___________ IN SENATE -- Introduced by Sen. WINNER -- read twice and ordered print- ed, and when printed to be committed to the Committee on Education IN ASSEMBLY -- Introduced by M. of A. O'MARA -- read once and referred to the Committee on Education AN ACT in relation to authorizing the Horseheads central school district to use excess employee benefit accrued liability reserve funds for certain purposes THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Notwithstanding any other provision of law, the Horseheads central school district, which was in part, the subject of an audit conducted by the state comptroller of employee benefit accrued liability reserve (EBALR) funds for the period beginning July 1, 2002 and ending June 30, 2007, and which, according to the findings of such audit, has an excess of EBALR funds, is hereby authorized to use such excess EBALR funds to: retire short-term and long-term debt of such school district; pay one-time non-recurring expenses of such school district; and/or establish a tax rebate program to return such excess EBALR funds to the taxpayers of such school district. S 2. This act shall take effect immediately. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD11403-01-9
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