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Assembly Bill A5312A

2011-2012 Legislative Session

Authorizes school districts to expend any excess funds in its employee benefit accrued liability reserve fund for certain purposes

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Archive: Last Bill Status - In Assembly Committee

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Bill Amendments

2011-A5312 - Details

Current Committee:
Assembly Education
Law Section:
Education Law
Laws Affected:
Amd §3651, Ed L
Versions Introduced in 2009-2010 Legislative Session:
A10495

2011-A5312 - Summary

Authorizes school districts to expend any excess funds in its employee benefit accrued liability reserve fund for certain purposes.

2011-A5312 - Bill Text download pdf 

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

                                  5312

                       2011-2012 Regular Sessions

                          I N  A S S E M B L Y

                            February 15, 2011
                               ___________

Introduced  by  M.  of  A.  McDONOUGH  --  read once and referred to the
  Committee on Education

AN ACT to amend the education law, in  relation  to  authorizing  school
  districts  to  expend  up to sixty percent of 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.  Section  3651 of the education law is amended by adding a
new subdivision 10 to read as follows:
  10. NOTWITHSTANDING THE PROVISIONS OF ANY OTHER  SUBDIVISION  OF  THIS
SECTION, A SCHOOL DISTRICT IS AUTHORIZED TO TRANSFER NOT MORE THAN SIXTY
PERCENT OF ITS EMPLOYEE BENEFIT ACCRUED LIABILITY RESERVE TO THE GENERAL
FUND  OF  THE  SCHOOL  DISTRICT  TO BE EXPENDED FOR SUCH PURPOSES AS THE
BOARD OF EDUCATION OR BOARD OF TRUSTEES SHALL DETERMINE.
  S 2. This act shall take effect immediately.






 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD09469-01-1

2011-A5312A (ACTIVE) - Details

Current Committee:
Assembly Education
Law Section:
Education Law
Laws Affected:
Amd §3651, Ed L
Versions Introduced in 2009-2010 Legislative Session:
A10495

2011-A5312A (ACTIVE) - Summary

Authorizes school districts to expend any excess funds in its employee benefit accrued liability reserve fund for certain purposes.

2011-A5312A (ACTIVE) - Bill Text download pdf 

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

                                 5312--A

                       2011-2012 Regular Sessions

                          I N  A S S E M B L Y

                            February 15, 2011
                               ___________

Introduced  by  M.  of  A.  McDONOUGH  --  read once and referred to the
  Committee on Education -- committee discharged, bill amended,  ordered
  reprinted as amended and recommitted to said committee

AN  ACT  to  amend  the education law, in relation to authorizing school
  districts to expend any excess funds in their 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.  Section  3651 of the education law is amended by adding a
new subdivision 10 to read as follows:
  10. NOTWITHSTANDING THE PROVISIONS OF ANY OTHER  SUBDIVISION  OF  THIS
SECTION, A SCHOOL DISTRICT IS AUTHORIZED TO TRANSFER ANY EXCESS FUNDS IN
ITS  EMPLOYEE  BENEFIT  ACCRUED LIABILITY RESERVE TO THE GENERAL FUND OF
THE SCHOOL DISTRICT TO BE EXPENDED FOR TAXPAYER RELIEF.
  S 2. This act shall take effect immediately.






 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD09469-02-1

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