Assembly Bill A4255

2013-2014 Legislative Session

Relates to school district bonds and notification to taxpayers

download bill text pdf

Sponsored By

Archive: Last Bill Status - In Assembly 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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2013-A4255 (ACTIVE) - Details

Current Committee:
Assembly Education
Law Section:
Education Law
Laws Affected:
Add §3613, Ed L
Versions Introduced in Other Legislative Sessions:
2009-2010: A4909
2011-2012: A4274
2015-2016: A4462
2017-2018: A3257
2019-2020: A4972

2013-A4255 (ACTIVE) - Summary

Relates to school district bonds and notification to taxpayers; requires school districts when presenting a budget for the fiscal year, to notify taxpayers and disclose the amount of the outstanding bonds and the amount of such bonds which shall expire in the respective fiscal year; provides for a separate line on every taxpayer's bill for the amount of taxes which were paid in the respective fiscal year.

2013-A4255 (ACTIVE) - Bill Text download pdf 

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

                                  4255

                       2013-2014 Regular Sessions

                          I N  A S S E M B L Y

                            February 1, 2013
                               ___________

Introduced by M. of A. RAIA, McKEVITT, SALADINO -- Multi-Sponsored by --
  M.  of  A.    FITZPATRICK, GIGLIO, McDONOUGH, RABBITT -- read once and
  referred to the Committee on Education

AN ACT to amend the education law, in relation to school district  bonds
  and notification to taxpayers

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

  Section 1. The education law is amended by adding a new  section  3613
to read as follows:
  S 3613. SCHOOL DISTRICT BONDS; NOTIFICATION REQUIREMENTS. 1.  WHENEVER
A  SCHOOL  DISTRICT SHALL PRESENT THE BUDGET, SUCH SCHOOL DISTRICT SHALL
DISCLOSE THE FINANCIAL COST OF ALL OUTSTANDING BONDS WHICH SHALL  EXPIRE
IN  THE  UPCOMING  FISCAL  YEAR. FOR PURPOSES OF THIS SECTION DISCLOSURE
SHALL BE SATISFIED BY INDICATING THE ANNUAL FINANCIAL PAYMENT  THAT  THE
DISTRICT HAS MADE IN SATISFACTION OF SUCH BONDS.
  2.  ON  EVERY  TAXPAYER'S  BILL THERE SHALL BE A SEPARATE LINE FOR THE
AMOUNT OF TAXES WHICH WERE PAID IN THE RESPECTIVE FISCAL  YEAR  ON  SUCH
SCHOOL BONDS.
  S  2.  This act shall take effect on the first of July next succeeding
the date on which it shall have become a law.




 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD05020-01-3

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