Assembly Bill A5965

2013-2014 Legislative Session

Authorizes a school district to transfer excess money in an employee benefit fund to the school's general fund to offset property tax increases; repealer

download bill text pdf

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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-A5965 (ACTIVE) - Details

Current Committee:
Assembly Education
Law Section:
General Municipal Law
Laws Affected:
Rpld §33 sub 3, Gen Muni L
Versions Introduced in Other Legislative Sessions:
2009-2010: A10990
2011-2012: A6050
2015-2016: A2144
2017-2018: A5589
2019-2020: A4437

2013-A5965 (ACTIVE) - Summary

Authorizes a school district to transfer excess money in an employee benefit fund to the school's general fund to offset property tax increases.

2013-A5965 (ACTIVE) - Bill Text download pdf 

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

                                  5965

                       2013-2014 Regular Sessions

                          I N  A S S E M B L Y

                             March 12, 2013
                               ___________

Introduced  by  M. of A. ENGLEBRIGHT, ZEBROWSKI, JAFFEE, HOOPER, SCHIMEL
  -- Multi-Sponsored by -- M. of A. CORWIN,  DUPREY,  FINCH,  GABRYSZAK,
  GIGLIO, JORDAN, KOLB, MAGEE, RAIA, THIELE, WEISENBERG -- read once and
  referred to the Committee on Education

AN ACT to authorize certain school districts to elect to withdraw excess
  monies  from  the employee benefit accrued liability reserve fund; and
  to repeal subdivision 3 of section 33 of the  general  municipal  law,
  relating to the examination of accounts

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

  Section 1. Any school district having monies in  an  employee  benefit
accrued  liability  reserve  fund established pursuant to section 6-p of
the general municipal law, on the effective date of this act, may make a
one time election, by resolution of its governing board adopted no later
than one year from such effective date, to transfer up to fifty  percent
of the total of such monies or one hundred percent of the excess of such
monies,  whichever  is  greater,  into  the  general  fund of the school
district.  Such funds appropriated by this section shall only be used to
mitigate an anticipated increase in school property taxes and/or restore
anticipated or actual staff level reductions.
  S 2. Subdivision 3 of section 33  of  the  general  municipal  law  is
REPEALED.
  S 3. This act shall take effect immediately.



 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD09680-01-3

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