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

                                  9069

                          I N  A S S E M B L Y

                             March 12, 2014
                               ___________

Introduced by M. of A. TENNEY -- read once and referred 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.
              

                                                           LBD14120-01-4

A. 9069                             2

balance  of  state  aid to which the city school district of the city of
Little Falls, county of Herkimer, is entitled for the June 15, 2014 debt
service payment in an amount equal to $939,000, representing the  allot-
ted  balance  of  state  aid  relating to the June 15, 2014 debt service
payment for  the  serial  bonds  issued  in  1997  to  finance  projects
0001-005, 0001-006, 0001-007, 0008-008, 0008-009 pursuant to paragraph a
of subdivision 5 of section 3604 of the education law.
  S  3. If any clause, sentence, subdivision, paragraph, section or part
of this act be adjudged by any court of competent  jurisdiction,  to  be
invalid,  such  judgment  shall  not  affect,  impair  or invalidate the
remainder thereof, but shall be confined in its operation to the clause,
sentence, subdivision,  paragraph,  section  or  part  thereof  directly
involved  in  the  controversy  in  which  such judgment shall have been
rendered.
  S 4. This act shall take effect immediately.