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Assembly Bill A10947

2017-2018 Legislative Session

Establishes the city of New York education fund, the city of Yonkers education fund, the city of Rochester education fund, the city of Buffalo education fund and the city of Syracuse education fund

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Archive: Last Bill Status - In Assembly Committee

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2017-A10947 (ACTIVE) - Details

Current Committee:
Assembly Ways And Means
Law Section:
State Finance Law
Laws Affected:
Add §§99-ee, 99-ff, 99-gg, 99-hh & 99-ii, St Fin L
Versions Introduced in Other Legislative Sessions:
2019-2020: A6406
2021-2022: A4718
2023-2024: A6533
2025-2026: A2234

2017-A10947 (ACTIVE) - Summary

Establishes the city of New York education fund, the city of Yonkers education fund, the city of Rochester education fund, the city of Buffalo education fund and the city of Syracuse education fund.

2017-A10947 (ACTIVE) - Bill Text download pdf 

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   10947
 
                           I N  A S S E M B L Y
 
                               May 29, 2018
                                ___________
 
 Introduced  by M. of A. SMITH -- read once and referred to the Committee
   on Ways and Means
 
 AN ACT to amend the state finance law, in relation to  establishing  the
   city  of  New York education fund, the city of Yonkers education fund,
   the city of Rochester education fund, the city  of  Buffalo  education
   fund and the city of Syracuse education fund

   THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section 1. The state  finance  law  is  amended  by  adding  five  new
 sections 99-ee, 99-ff, 99-gg, 99-hh and 99-ii to read as follows:
   §  99-EE.  CITY  OF NEW YORK EDUCATION FUND. 1. THERE IS HEREBY ESTAB-
 LISHED IN THE JOINT CUSTODY OF THE MAYOR OF THE CITY OF NEW YORK AND THE
 COMMISSIONER OF TAXATION AND FINANCE A SPECIAL FUND TO BE KNOWN  AS  THE
 "CITY OF NEW YORK EDUCATION FUND".
   2.  THE  CITY  OF  NEW  YORK  EDUCATION  FUND  SHALL CONSIST OF MONEYS
 COLLECTED FROM THE ADDITIONAL IMPOSITION OF ONE PERCENT OF REAL PROPERTY
 TAXES ON ALL CLASSES WITHIN A CITY WITH A POPULATION OF ONE  MILLION  OR
 MORE.
   3. FUNDING WITHIN THE CITY OF NEW YORK EDUCATION FUND SHALL BE USED IN
 CONJUNCTION  WITH  MONEY  PROVIDED  THROUGH THE CITY'S BUDGET TO SUPPORT
 EDUCATION PROGRAMS.
   4. MONEYS IN THE FUND SHALL BE KEPT SEPARATELY FROM AND SHALL  NOT  BE
 COMMINGLED WITH ANY OTHER MONEYS IN THE CUSTODY OF THE CITY.
   §  99-FF.  CITY  OF  YONKERS EDUCATION FUND. 1. THERE IS HEREBY ESTAB-
 LISHED IN THE JOINT CUSTODY OF THE MAYOR OF THE CITY OF YONKERS AND  THE
 COMMISSIONER  OF  TAXATION AND FINANCE A SPECIAL FUND TO BE KNOWN AS THE
 "CITY OF YONKERS EDUCATION FUND".
   2. THE FUND SHALL CONSIST OF  MONEYS  COLLECTED  FROM  THE  ADDITIONAL
 IMPOSITION  OF  ONE PERCENT OF REAL PROPERTY TAXES ON ALL CLASSES WITHIN
 THE CITY OF YONKERS.
   3. FUNDING WITHIN THE CITY OF YONKERS EDUCATION FUND SHALL BE USED  IN
 CONJUNCTION  WITH  MONEY  PROVIDED  THROUGH THE CITY'S BUDGET TO SUPPORT
 EDUCATION PROGRAMS.
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.

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