Senate Bill S7690

2009-2010 Legislative Session

Relates to certain reserve funds for the purpose of maintaining educational programming during the 2010-2011 school year

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There are no sponsors of this bill.

Archive: Last Bill Status - In Senate Committee Finance Committee

  • Introduced
    • In Committee Assembly
    • In Committee Senate
    • On Floor Calendar Assembly
    • On Floor Calendar Senate
    • Passed Assembly
    • Passed Senate
  • Delivered to Governor
  • Signed By Governor

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2009-S7690 (ACTIVE) - Details

See Assembly Version of this Bill:
A10925
Current Committee:
Senate Finance
Law Section:
General Municipal Law
Laws Affected:
Amd ยง6-p, Gen Muni L

2009-S7690 (ACTIVE) - Summary

Relates to certain reserve funds for the purpose of maintaining educational programming during the 2010-2011 school year.

2009-S7690 (ACTIVE) - Sponsor Memo

2009-S7690 (ACTIVE) - Bill Text download pdf 

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

    S. 7690                                                 A. 10925

                      S E N A T E - A S S E M B L Y

                               May 3, 2010
                               ___________

IN  SENATE  --  Introduced  by  COMMITTEE ON RULES -- (at request of the
  Governor) -- read twice and ordered printed, and when  printed  to  be
  committed to the Committee on Finance

IN  ASSEMBLY  --  Introduced by COMMITTEE ON RULES -- (at request of the
  Governor) -- read once and referred to the Committee on Ways and Means

AN ACT to amend the  general  municipal  law,  in  relation  to  certain
  reserve funds

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

  Section 1. Section 6-p of the general  municipal  law  is  amended  by
adding a new subdivision 10 to read as follows:
  10.  NOTWITHSTANDING  ANY  OTHER PROVISION OF LAW TO THE CONTRARY, THE
GOVERNING BOARD OF A  SCHOOL  DISTRICT  MAY,  DURING  THE  TWO  THOUSAND
TEN--TWO  THOUSAND ELEVEN SCHOOL YEAR, APPROVE A RESOLUTION TO AUTHORIZE
A WITHDRAWAL FROM THIS FUND IN AN AMOUNT NOT TO EXCEED THE LESSER OF:
  (A) THE DOLLAR VALUE OF EXCESS FUNDING IN THE FUND AS CERTIFIED BY THE
FISCAL OR LEGAL OFFICER OF THE SCHOOL DISTRICT TO THE GOVERNING BOARD OF
THE SCHOOL DISTRICT; OR
  (B) THE PRODUCT OF THE AMOUNT SET FORTH FOR EACH  SCHOOL  DISTRICT  AS
"GAP  ELIMIN  ADJMT  +  FED  RESTR"  IN  THE SCHOOL AID COMPUTER LISTING
PRODUCED BY THE COMMISSIONER OF EDUCATION IN SUPPORT  OF  THE  EXECUTIVE
BUDGET REQUEST FOR THE TWO THOUSAND TEN--TWO THOUSAND ELEVEN SCHOOL YEAR
ENTITLED "BT101-1" AND NEGATIVE ONE.
  FUNDS  WITHDRAWN PURSUANT TO THIS SUBDIVISION MAY ONLY BE USED FOR THE
PURPOSE OF MAINTAINING EDUCATIONAL PROGRAMMING DURING THE  TWO  THOUSAND
TEN--TWO  THOUSAND  ELEVEN  SCHOOL  YEAR WHICH OTHERWISE WOULD HAVE BEEN
REDUCED OR ELIMINATED. GOVERNING BOARDS WHICH APPROVE  A  RESOLUTION  TO
MAKE SUCH A WITHDRAWAL SHALL SUBMIT, IN A FORM PRESCRIBED BY THE COMMIS-
SIONER  OF  EDUCATION,  RELEVANT INFORMATION ABOUT THE WITHDRAWAL, WHICH
SHALL INCLUDE BUT NOT BE LIMITED TO, THE AMOUNT OF SUCH WITHDRAWAL,  THE
DATE OF WITHDRAWAL, AND THE USE OF SUCH WITHDRAWN FUNDS.
  S 2. This act shall take effect immediately.

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD12221-01-0

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