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Assembly Bill A4909

2009-2010 Legislative Session

Relates to school district bonds and notification to taxpayers

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Archive: Last Bill Status - In Assembly Committee

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2009-A4909 (ACTIVE) - Details

Current Committee:
Assembly Education
Law Section:
Education Law
Laws Affected:
Add ยง3613, Ed L
Versions Introduced in Other Legislative Sessions:
2011-2012: A4274
2013-2014: A4255
2015-2016: A4462
2017-2018: A3257
2019-2020: A4972

2009-A4909 (ACTIVE) - Summary

Relates to school district bonds and notification to taxpayers; requires school districts when presenting a budget for the fiscal year, to notify taxpayers and disclose the amount of the outstanding bonds and the amount of such bonds which shall expire in the respective fiscal year; provides for a separate line on every taxpayer's bill for the amount of taxes which were paid in the respective fiscal year.

2009-A4909 (ACTIVE) - Bill Text download pdf 

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

                                  4909

                       2009-2010 Regular Sessions

                          I N  A S S E M B L Y

                            February 6, 2009
                               ___________

Introduced  by  M. of A. RAIA, McKEVITT, WALKER -- Multi-Sponsored by --
  M. of A. FITZPATRICK, GIGLIO, McDONOUGH,  RABBITT  --  read  once  and
  referred to the Committee on Education

AN  ACT to amend the education law, in relation to school district bonds
  and notification to taxpayers

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

  Section  1.  The education law is amended by adding a new section 3613
to read as follows:
  S 3613. SCHOOL DISTRICT BONDS; NOTIFICATION REQUIREMENTS. 1.  WHENEVER
A SCHOOL DISTRICT SHALL PRESENT THE BUDGET, SUCH SCHOOL  DISTRICT  SHALL
DISCLOSE  THE FINANCIAL COST OF ALL OUTSTANDING BONDS WHICH SHALL EXPIRE
IN THE UPCOMING FISCAL YEAR. FOR PURPOSES  OF  THIS  SECTION  DISCLOSURE
SHALL  BE  SATISFIED BY INDICATING THE ANNUAL FINANCIAL PAYMENT THAT THE
DISTRICT HAS MADE IN SATISFACTION OF SUCH BONDS.
  2. ON EVERY TAXPAYER'S BILL THERE SHALL BE A  SEPARATE  LINE  FOR  THE
AMOUNT  OF  TAXES  WHICH WERE PAID IN THE RESPECTIVE FISCAL YEAR ON SUCH
SCHOOL BONDS.
  S 2. This act shall take effect on the first of July  next  succeeding
the date on which it shall have become a law.




 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD06608-01-9

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