senate Bill S1582A

2011-2012 Legislative Session

Establishes the special education short-term revolving loan fund and authorizes the state comptroller to provide special education short-term revolving loans

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Archive: Last Bill Status - In Committee


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

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Actions

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Assembly Actions - Lowercase
Senate Actions - UPPERCASE
Jan 13, 2012 print number 1582a
amend and recommit to finance
Jan 04, 2012 referred to finance
Jan 10, 2011 referred to finance

Bill Amendments

Original
A (Active)
Original
A (Active)

S1582 - Details

See Assembly Version of this Bill:
A1089A
Current Committee:
Law Section:
State Finance Law
Laws Affected:
Add §§99-u & 179-ff, St Fin L
Versions Introduced in 2009-2010 Legislative Session:
S7134, A10428

S1582 - Summary

Establishes the special education short-term revolving loan fund and authorizes the state comptroller to provide special education short-term revolving loans to certain special act school districts or approved special education providers.

S1582 - Sponsor Memo

S1582 - Bill Text download pdf

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

                                  1582

                       2011-2012 Regular Sessions

                            I N  S E N A T E

                            January 10, 2011
                               ___________

Introduced  by  Sen.  OPPENHEIMER -- read twice and ordered printed, and
  when printed to be committed to the Committee on Finance

AN ACT to amend the state finance law, in relation to  establishing  the
  special  education  short-term revolving loan fund, and in relation to
  authorizing the state comptroller to provide special education  short-
  term  revolving  loans  to  certain  special  act  school districts or
  approved special education providers

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

  Section  1.  The  state finance law is amended by adding a new section
99-t to read as follows:
  S 99-T. SPECIAL EDUCATION SHORT-TERM REVOLVING LOAN FUND. 1.  THERE IS
HEREBY ESTABLISHED IN THE JOINT  CUSTODY  OF  THE  COMPTROLLER  AND  THE
COMMISSIONER  OF  TAXATION AND FINANCE A FUND TO BE KNOWN AS THE SPECIAL
EDUCATION SHORT-TERM REVOLVING LOAN FUND. SUCH  FUND  SHALL  CONSIST  OF
MONEYS MADE AVAILABLE PURSUANT TO APPROPRIATION AND ANY OTHER SOURCES IN
ORDER  TO  PROVIDE  SUPPORT  FOR  PROMPT CONTRACTING WITH AND PAYMENT OF
NOT-FOR-PROFIT ORGANIZATIONS.
  2. MONEYS OF THE FUND MAY BE EXPENDED PURSUANT TO SECTION ONE  HUNDRED
SEVENTY-NINE-FF OF THIS CHAPTER. MONEYS SHALL BE PAID OUT OF THE FUND ON
THE AUDIT AND WARRANT OF THE STATE COMPTROLLER PURSUANT TO SUCH SECTION.
  S  2.  The state finance law is amended by adding a new section 179-ff
to read as follows:
  S 179-FF. SPECIAL EDUCATION SHORT-TERM REVOLVING LOANS. 1.  THE  COMP-
TROLLER  IS  AUTHORIZED  TO  PROVIDE  LOANS  FROM  THE SPECIAL EDUCATION
SHORT-TERM REVOLVING LOAN FUND ESTABLISHED BY SECTION  NINETY-NINE-T  OF
THIS  CHAPTER  TO  ANY  SPECIAL  ACT SCHOOL DISTRICT OR APPROVED SPECIAL
EDUCATION PROVIDER SEEKING SHORT-TERM FINANCING FOR OPERATIONS,  PENDING
TUITION  PAYMENTS AS AUTHORIZED UNDER SECTION FORTY-FOUR HUNDRED FIVE OF
THE EDUCATION LAW. THE COMPTROLLER MAY PROVIDE SUCH A LOAN TO A  SPECIAL
ACT  SCHOOL DISTRICT OR APPROVED SPECIAL EDUCATION PROVIDER UPON RECEIPT

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD05308-01-1

S1582A (ACTIVE) - Details

See Assembly Version of this Bill:
A1089A
Current Committee:
Law Section:
State Finance Law
Laws Affected:
Add §§99-u & 179-ff, St Fin L
Versions Introduced in 2009-2010 Legislative Session:
S7134, A10428

S1582A (ACTIVE) - Summary

Establishes the special education short-term revolving loan fund and authorizes the state comptroller to provide special education short-term revolving loans to certain special act school districts or approved special education providers.

S1582A (ACTIVE) - Sponsor Memo

S1582A (ACTIVE) - Bill Text download pdf

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

                                 1582--A

                       2011-2012 Regular Sessions

                            I N  S E N A T E

                            January 10, 2011
                               ___________

Introduced  by  Sen.  OPPENHEIMER -- read twice and ordered printed, and
  when printed to be committed to the Committee on Finance --  recommit-
  ted to the Committee on Finance in accordance with Senate Rule 6, sec.
  8  -- committee discharged, bill amended, ordered reprinted as amended
  and recommitted to said committee

AN ACT to amend the state finance law, in relation to  establishing  the
  special  education  short-term revolving loan fund, and in relation to
  authorizing the state comptroller to provide special education  short-
  term  revolving  loans  to  certain  special  act  school districts or
  approved special education providers

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

  Section  1.  The  state finance law is amended by adding a new section
99-u to read as follows:
  S 99-U. SPECIAL EDUCATION SHORT-TERM REVOLVING LOAN FUND. 1.  THERE IS
HEREBY ESTABLISHED IN THE JOINT  CUSTODY  OF  THE  COMPTROLLER  AND  THE
COMMISSIONER  OF  TAXATION AND FINANCE A FUND TO BE KNOWN AS THE SPECIAL
EDUCATION SHORT-TERM REVOLVING LOAN FUND. SUCH  FUND  SHALL  CONSIST  OF
MONEYS MADE AVAILABLE PURSUANT TO APPROPRIATION AND ANY OTHER SOURCES IN
ORDER  TO  PROVIDE  SUPPORT  FOR  PROMPT CONTRACTING WITH AND PAYMENT OF
NOT-FOR-PROFIT ORGANIZATIONS.
  2. MONEYS OF THE FUND MAY BE EXPENDED PURSUANT TO SECTION ONE  HUNDRED
SEVENTY-NINE-FF OF THIS CHAPTER. MONEYS SHALL BE PAID OUT OF THE FUND ON
THE AUDIT AND WARRANT OF THE STATE COMPTROLLER PURSUANT TO SUCH SECTION.
  S  2.  The state finance law is amended by adding a new section 179-ff
to read as follows:
  S 179-FF. SPECIAL EDUCATION SHORT-TERM REVOLVING LOANS. 1.  THE  COMP-
TROLLER  IS  AUTHORIZED  TO  PROVIDE  LOANS  FROM  THE SPECIAL EDUCATION
SHORT-TERM REVOLVING LOAN FUND ESTABLISHED BY SECTION  NINETY-NINE-U  OF
THIS  CHAPTER  TO  ANY  SPECIAL  ACT SCHOOL DISTRICT OR APPROVED SPECIAL
EDUCATION PROVIDER SEEKING SHORT-TERM FINANCING FOR OPERATIONS,  PENDING

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD05308-02-2

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