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
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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