S T A T E O F N E W Y O R K
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11323
I N A S S E M B L Y
June 3, 2010
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Introduced by COMMITTEE ON RULES -- (at request of M. of A. Nolan) --
read once and referred to the Committee on Education
AN ACT to amend the education law and the general municipal law, in
relation to how payments in lieu of taxes are used by school districts
THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:
Section 1. Section 1604 of the education law is amended by adding a
new subdivision 43 to read as follows:
43. TO ENSURE THAT ALL MONIES DISBURSED TO THE SCHOOL DISTRICT AS A
RESULT OF A PAYMENT IN LIEU OF TAX AGREEMENT, SHALL BE SPENT SOLELY FOR
THE SCHOOL DISTRICT, INCLUDING BUT NOT LIMITED TO, ANY SCHOOL AND
STUDENT RELATED PURPOSES.
S 2. Section 1709 of the education law is amended by adding a new
subdivision 43 to read as follows:
43. TO ENSURE THAT ALL MONIES DISBURSED TO THE SCHOOL DISTRICT AS A
RESULT OF A PAYMENT IN LIEU OF TAX AGREEMENT, SHALL BE SPENT SOLELY FOR
THE SCHOOL DISTRICT INCLUDING ANY SCHOOL AND STUDENT RELATED PURPOSES.
S 3. Section 2503 of the education law is amended by adding a new
subdivision 21 to read as follows:
21. SHALL ENSURE THAT ALL MONIES DISBURSED TO THE SCHOOL DISTRICT AS A
RESULT OF A PAYMENT IN LIEU OF TAX AGREEMENT, SHALL BE SPENT SOLELY FOR
THE SCHOOL DISTRICT INCLUDING ANY SCHOOL AND STUDENT RELATED PURPOSES.
S 4. Section 2554 of the education law is amended by adding a new
subdivision 28 to read as follows:
28. TO ENSURE THAT ALL MONIES DISBURSED TO THE SCHOOL DISTRICT AS A
RESULT OF A PAYMENT IN LIEU OF TAX AGREEMENT, SHALL BE SPENT SOLELY FOR
THE SCHOOL DISTRICT INCLUDING ANY SCHOOL AND STUDENT RELATED PURPOSES.
S 5. The general municipal law is amended by adding a new section
858-c to read as follows:
S 858-C. PAYMENT IN LIEU OF TAXES; SCHOOL DISTRICTS' USE OF MONIES.
THE PORTION OF MONIES TO BE DISBURSED TO A SCHOOL DISTRICT FROM ANY
PAYMENT IN LIEU OF REAL PROPERTY TAX AGREEMENT PAID TO ANY INDUSTRIAL
DEVELOPMENT AGENCY, ECONOMIC DEVELOPMENT OR OTHER ENTITY, INCLUDING ANY
LOCAL DEVELOPMENT CORPORATION OR PUBLIC BENEFIT CORPORATION, SHALL BE
USED SOLELY FOR THE SCHOOL DISTRICT INCLUDING ANY SCHOOL AND STUDENT
RELATED PURPOSES.
S 6. This act shall take effect immediately.
EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD17536-01-0