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Senate Bill S2634

2011-2012 Legislative Session

Authorizes the Bay Shore union free school district to transfer surplus monies from reserve funds to the general fund for purposes of reducing real property taxes

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Archive: Last Bill Status - Stricken

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2011-S2634 (ACTIVE) - Details

See Assembly Version of this Bill:
A4448
Law Section:
Education
Versions Introduced in 2009-2010 Legislative Session:
S4427, A8087

2011-S2634 (ACTIVE) - Summary

Authorizes the Bay Shore union free school district to transfer surplus monies from its reserve funds to the general fund for the purposes of reducing real property taxes in support of such school district.

2011-S2634 (ACTIVE) - Sponsor Memo

2011-S2634 (ACTIVE) - Bill Text download pdf 

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

                                  2634

                       2011-2012 Regular Sessions

                            I N  S E N A T E

                            January 27, 2011
                               ___________

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

AN ACT to authorize the Bay Shore union free school district to transfer
  certain monies from reserve funds to the general fund for the  purpose
  of real property tax reduction

  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, rule  or  regu-
lation  to  the  contrary,  the  Bay Shore union free school district is
authorized to transfer to the general fund of such school district,  for
the  sole  purpose of real property tax reduction, all surplus monies in
any reserve fund established by 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.
                                                           LBD06988-01-1

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