Assembly Bill A2435

2015-2016 Legislative Session

Relates to providing additional reimbursement to school districts for expenses incurred for failure to receive timely payments of state aid

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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2015-A2435 (ACTIVE) - Details

Current Committee:
Assembly Education
Law Section:
Education Law
Laws Affected:
Add §3605, Ed L
Versions Introduced in Other Legislative Sessions:
2009-2010: A10304
2011-2012: A1995
2013-2014: A6159

2015-A2435 (ACTIVE) - Summary

Relates to providing additional reimbursement to school districts for expenses incurred for failure to receive timely payments of state aid, including expenses relating to interest payments and ancillary expenses incurred as a result of not having received aid in a timely manner.

2015-A2435 (ACTIVE) - Bill Text download pdf 

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

                                  2435

                       2015-2016 Regular Sessions

                          I N  A S S E M B L Y

                            January 16, 2015
                               ___________

Introduced  by  M. of A. TEDISCO, KOLB, RAIA -- Multi-Sponsored by -- M.
  of A. BUTLER, CROUCH, FINCH, FITZPATRICK, MILLER, THIELE -- read  once
  and referred to the Committee on Education

AN  ACT  to amend the education law, in relation to providing additional
  reimbursement to school districts for expenses incurred for failure to
  receive timely payments of state aid

  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 3605
to read as follows:
  S  3605.  ADDITIONAL  STATE  REIMBURSEMENT  TO  SCHOOL  DISTRICTS.  1.
NOTWITHSTANDING  ANY  INCONSISTENT  PROVISION OF LAW, THE STATE SHALL BE
LIABLE FOR ANY INTEREST PAYMENTS OR ANCILLARY  EXPENSES  INCURRED  BY  A
SCHOOL  DISTRICT  AS A RESULT OF THE SCHOOL DISTRICT NOT HAVING RECEIVED
TIMELY PAYMENTS OF STATE AID DUE TO A FAILURE BY THE STATE TO ADOPT  THE
AID  TO LOCALITIES BUDGET BY APRIL FIRST IN ANY FISCAL YEAR DURING WHICH
BUDGET BILLS AS DEFINED BY ARTICLE SEVEN  OF  THE  CONSTITUTION  OF  THE
STATE OF NEW YORK HAVE NOT BEEN ADOPTED.
  2.  WITHIN  THIRTY  DAYS  AFTER  THE ADOPTION OF SUCH BUDGET BILLS THE
GOVERNOR SHALL PREPARE AND SUBMIT TO THE LEGISLATURE CHAPTER  AMENDMENTS
TO  THE  AID TO LOCALITIES BUDGET PROVIDING FOR ADDITIONAL REIMBURSEMENT
TO REPAY SCHOOL DISTRICTS FOR ANY AND ALL INTEREST PAYMENTS OR ANCILLARY
EXPENSES REFERENCED IN SUBDIVISION ONE OF THIS SECTION.
  3. SUCH REIMBURSEMENT MONEYS SHALL BE PAID UPON THE AUDIT OF  VOUCHERS
CERTIFIED  BY THE CHIEF FISCAL OFFICER FOR THE SCHOOL DISTRICT DEMANDING
REIMBURSEMENT FOR THE INTEREST PAYMENTS AND ANCILLARY EXPENSES  INCURRED
BY SUCH SCHOOL DISTRICT.
  S 2. This act shall take effect immediately.


 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD02648-01-5

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