S T A T E O F N E W Y O R K
2013-2014 Regular Sessions
I N S E N A T E
January 9, 2013
Introduced by Sens. MAZIARZ, GALLIVAN, GRISANTI, LARKIN -- read twice
and ordered printed, and when printed to be committed to the Committee
AN ACT to amend the education law, in relation to establishing an energy
reserve fund for school districts and boards of cooperative educa-
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 1-c to read as follows:
1-C. NOTWITHSTANDING THE PROVISIONS OF SUBDIVISION ONE OF THIS
SECTION, ANY SCHOOL DISTRICT MAY ESTABLISH AN ENERGY RESERVE FUND FOR
THE PAYMENT OF ENERGY COSTS, WITHOUT APPROVAL BY THE QUALIFIED VOTERS OF
THE DISTRICT. ANY MONIES DEPOSITED TO SUCH ENERGY RESERVE FUND WHICH ARE
NOT EXPENDED FOR THE PAYMENT OF ENERGY COSTS IN THE FISCAL YEAR THAT THE
FUNDS ARE DEPOSITED IN THE ENERGY RESERVE FUND MAY BE EITHER TRANSFERRED
TO ANOTHER RESERVE FUND OR APPLIED TO THE APPROPRIATIONS OF THE NEXT
SUCCEEDING FISCAL YEAR'S BUDGET.
S 2. Subdivision 3-a of section 3651 of the education law, as added by
chapter 588 of the laws of 1988, is amended to read as follows:
3-a. Notwithstanding the provisions of subdivision three of this
section, any school district which establishes a reserve fund in accord-
ance with subdivision one-a OR ONE-C of this section may make expendi-
tures from such fund for the purposes specified in such [subdivision]
SUBDIVISIONS without authorization of the voters.
S 3. This act shall take effect immediately.
EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
[ ] is old law to be omitted.