senate Bill S5303

2009-2010 Legislative Session

Authorizes the Horseheads central school district to use excess employee benefit accrued liability reserve funds for certain purposes

download bill text pdf

Sponsored By

Archive: Last Bill Status - In Committee


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

do you support this bill?

Actions

view actions (2)
Assembly Actions - Lowercase
Senate Actions - UPPERCASE
Jan 06, 2010 referred to education
Apr 27, 2009 referred to education

S5303 - Details

See Assembly Version of this Bill:
A7869
Current Committee:
Law Section:
Education

S5303 - Summary

Authorizes the Horseheads central school district to use excess employee benefit accrued liability reserve funds for certain purposes.

S5303 - Sponsor Memo

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

Comments

Open Legislation comments facilitate discussion of New York State legislation. All comments are subject to moderation. Comments deemed off-topic, commercial, campaign-related, self-promotional; or that contain profanity or hate speech; or that link to sites outside of the nysenate.gov domain are not permitted, and will not be published. Comment moderation is generally performed Monday through Friday.

By contributing or voting you agree to the Terms of Participation and verify you are over 13.