S T A T E   O F   N E W   Y O R K
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                                  3849

                       2015-2016 Regular Sessions

                          I N  A S S E M B L Y

                            January 27, 2015
                               ___________

Introduced by M. of A. PAULIN, GUNTHER, JAFFEE, LUPARDO, ROBERTS, ROSEN-
  THAL  -- Multi-Sponsored by -- M. of A. MAGEE, TITONE -- read once and
  referred to the Committee on Ways and Means

AN ACT to amend the state finance law, in relation to lottery aid formu-
  las for school districts

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

  Section  1.  Subparagraph 4 of paragraph b of subdivision 4 of section
92-c of the state finance law, as amended by section 64  of  part  A  of
chapter 58 of the laws of 2011, is amended to read as follows:
  (4)  each  eligible school district shall be entitled to an additional
lottery grant equal to the result of multiplying  the  district's  total
aidable  foundation  pupil  units for the base year computed pursuant to
paragraph g of subdivision two of  section  thirty-six  hundred  two  of
[this act] THE EDUCATION LAW by:

Base Grant x REGIONAL COST INDEX X PUPIL NEED INDEX X (1 + aid ratio)

  Where,  the  base grant shall equal the sum of the net total available
moneys after making payments pursuant to subparagraphs [(1), (2),  (2-a)
and  (3)  above]  ONE,  TWO,  TWO-A AND THREE OF THIS PARAGRAPH, plus an
amount from the general support for public schools-- general fund  local
assistance  account  equal  to  the June lottery payment, divided by the
total aidable foundation pupil units of the state and where THE REGIONAL
COST INDEX SHALL BE THE REGIONAL COST INDEX DEFINED IN SUBPARAGRAPH  TWO
OF  PARAGRAPH A OF SUBDIVISION FOUR OF SECTION THIRTY-SIX HUNDRED TWO OF
THE EDUCATION LAW, AND THE PUPIL NEED INDEX  SHALL  BE  THE  PUPIL  NEED
INDEX  DEFINED  IN SUBPARAGRAPH THREE OF PARAGRAPH A OF SUBDIVISION FOUR
OF SECTION THIRTY-SIX HUNDRED TWO OF THE  EDUCATION  LAW,  AND  the  Aid
Ratio  is  equal to one minus [the pupil wealth ratio of the district as
such term is defined in section thirty-six hundred two of the  education

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD08316-01-5
              

A. 3849                             2

law.  In  no case shall a school district aid ratio exceed one (1) or be
less than minus one (-1)] THE STATE SHARING RATIO FOR  TOTAL  FOUNDATION
AID AS DEFINED IN PARAGRAPH G OF SUBDIVISION THREE OF SECTION THIRTY-SIX
HUNDRED TWO OF THE EDUCATION LAW.
  S 2. This act shall take effect immediately.