|Assembly Actions - Lowercase
Senate Actions - UPPERCASE
|Feb 26, 2014||referred to education|
senate Bill S6673
Archive: Last Bill Status - In Committee
- In Committee
- On Floor Calendar
- Passed Senate
- Passed Assembly
- Delivered to Governor
- Signed/Vetoed by Governor
S6673 - Details
- See Assembly Version of this Bill:
- Current Committee:
- Law Section:
- Education, Commissioner of
S6673 - Summary
Authorizes the commissioner of education to make a payment for the allotted balance of state aid to which the city school district of the city of Little Falls is entitled for a debt service payment for school building purposes.
S6673 - Sponsor Memo
BILL NUMBER:S6673 TITLE OF BILL: An act authorizing the commissioner of education to make a payment for the allotted balance of state aid to which the city school district of the city of Little Falls is entitled for a debt service payment for school building purposes PURPOSE: To ensure that the City School District of the City of Little Falls receives all of its state aid payments due resulting from a building project. SUMMARY OF PROVISIONS: Section 1 sets forth the legislature's findings and outlines the various capital projects undertaken by the school district eligible for state aid, and details the various bonds and payments due the district. Section 2 authorizes the commissioner to make a payment to the district for the balance of the state aid due the district. Section 3 is the severability clause. Section 4 is the effective date. EXISTING LAW: No law directs the commissioner of education to make a final payment to the district.
S6673 - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 6673 I N S E N A T E February 26, 2014 ___________ Introduced by Sen. SEWARD -- read twice and ordered printed, and when printed to be committed to the Committee on Education AN ACT authorizing the commissioner of education to make a payment for the allotted balance of state aid to which the city school district of the city of Little Falls is entitled for a debt service payment for school building purposes THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Legislative findings. The legislature hereby finds that the city school district of the city of Little Falls approved five capital building projects which were designated by the state education depart- ment as project numbers 0001-005, 0001-006, 0001-007, 0008-008, 0008-09. In addition, the projects were eligible for certain state aid. The legislature further finds that the school district issued serial bonds in 1997 to finance the capital building projects. The legislature further finds that the school district began receiving building aid on the debt service relating to the serial bonds issued in 1997 in the 1997-1998 school year. The legislature further finds that due to the state education department's reset of the bond issue date the payment of the building aid was to start in the 1996-1997 school year. The legisla- ture further finds that the state education department reduced the building aid to the school district for the final debt service payment due on June 15, 2014 on the serial bonds issued in 1997 for the 2013-2014 school year by the amount of aid the school district was to receive in the 1996-1997 school year. The legislature further funds that the school district did not receive payment of that building aid in the 1996-1997 school year. The legislature further finds that without such apportionment of state aid, the payment by the school district in June, 2014 of the debt service payment for the serial bonds issued in 1997 for the capital building projects will impose an additional, unanticipated hardship on school district taxpayers. S 2. Notwithstanding the defects described in section one of this act or the provisions of any other law to the contrary, the commissioner of education is hereby authorized to make a payment for the allotted EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted.
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