Assembly Actions -
Senate Actions - UPPERCASE
|Jun 19, 2012
referred to education
delivered to assembly
|Jun 13, 2012
ordered to third reading cal.1237
committee discharged and committed to rules
|Jun 05, 2012
reported and committed to finance
|Jan 04, 2012
referred to education
Senate Bill S6110
2011-2012 Legislative Session
Archive: Last Bill Status - In Assembly Committee
- In Committee Assembly
- On Floor Calendar Assembly
- Passed Assembly
- Delivered to Governor
- Signed By Governor
2011-S6110 (ACTIVE) - Details
2011-S6110 (ACTIVE) - Sponsor Memo
BILL NUMBER:S6110 TITLE OF BILL: An act to amend the education law, in relation to exempting certain consolidated school districts from provisions of law requiring re-computation upon sale of building aid for projects for the construction, acquisition, reconstruction, rehabilitation or improvement of school buildings PURPOSE: To exempt school districts which are the result of a consolidation of at least two school districts in the past fifteen years from having their building aid re-computed due to the sale or transfer of ownership of a school building during the period of assumed amortization. SUMMARY OF PROVISIONS: Section 1. Amends Subparagraph 8 of paragraph e of subdivision 6 of section 3602 of the education law. as added by Section 31 of part A of chapter 58 of the laws of 2011 to exempt school districts which are the result of a consolidation of at least two school districts in the past fifteen years from having their building aid recomputed due to the sale or transfer of ownership of a school building during the period of assumed amortization.
2011-S6110 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 6110 I N S E N A T E (PREFILED) January 4, 2012 ___________ Introduced by Sen. BONACIC -- read twice and ordered printed, and when printed to be committed to the Committee on Education AN ACT to amend the education law, in relation to exempting certain consolidated school districts from provisions of law requiring re-com- putation upon sale of building aid for projects for the construction, acquisition, reconstruction, rehabilitation or improvement of school buildings THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Subparagraph 8 of paragraph e of subdivision 6 of section 3602 of the education law, as added by section 31 of part A of chapter 58 of the laws of 2011, is amended to read as follows: (8) Notwithstanding any other provision of the law to the contrary, AND UNLESS THE DISTRICT WAS FORMED AS A RESULT OF A CONSOLIDATION OF AT LEAST TWO SCHOOL DISTRICTS IN THE PAST FIFTEEN YEARS, where, during the period of assumed amortization relating to a project for the construction, acquisition, reconstruction, rehabilitation or improvement of a school building, the school building is sold or ownership is other- wise transferred to an entity other than the school district or city and such transfer results in the building no longer being operated by the school district as a public elementary or secondary school that is not independent or autonomous, the district shall, within sixty days of the transfer of ownership, notify the commissioner of such sale or transfer, and shall provide such additional information about the sale or transfer as the commissioner may require, in a form prescribed by the commission- er, and the commissioner shall re-compute the building aid, if any, payable for such project pursuant to this subparagraph, except to the extent such re-computation would conflict with the provisions of section twenty-seven hundred ninety-nine-tt of the public authorities law. The commissioner shall deduct the revenues received by the school district or city as a result of such sale or transfer from the approved total project cost and, based on such adjusted project cost, establish a new assumed amortization for the remaining useful life of the project under the applicable provisions of this paragraph. S 2. This act shall take effect immediately.
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