senate Bill S4724A

2017-2018 Legislative Session

Relates to school district unexpended surplus funds

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Sponsored By

Current Bill Status - In Senate Rules Committee


  • Introduced
  • In Committee
  • On Floor Calendar
    • Passed Senate
    • Passed Assembly
  • Delivered to Governor
  • Signed/Vetoed by Governor

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Actions

view actions (6)
Assembly Actions - Lowercase
Senate Actions - UPPERCASE
Jun 21, 2017 committed to rules
Jun 06, 2017 amended on third reading 4724a
May 15, 2017 advanced to third reading
May 10, 2017 2nd report cal.
May 09, 2017 1st report cal.790
Feb 24, 2017 referred to local government

Votes

view votes

May 9, 2017 - Local Government committee Vote

S4724
8
1
committee
8
Aye
1
Nay
0
Aye with Reservations
0
Absent
0
Excused
0
Abstained
show committee vote details

Committee Vote: May 9, 2017

nay (1)

S4724 - Details

See Assembly Version of this Bill:
A6503A
Law Section:
Real Property Tax Law
Laws Affected:
Amd §1318, RPT L

S4724 - Summary

Relates to school district unexpended surplus funds; provides that for the 2017-2018 school year and thereafter, surplus funds shall mean any operating funds in excess of six percent of the current school year budget, and shall not include funds properly retained under other sections of law.

S4724 - Sponsor Memo

S4724 - Bill Text download pdf

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

                                  4724

                       2017-2018 Regular Sessions

                            I N  S E N A T E

                            February 24, 2017
                               ___________

Introduced  by  Sen.  AKSHAR -- read twice and ordered printed, and when
  printed to be committed to the Committee on Local Government

AN ACT to amend the  real  property  tax  law,  in  relation  to  school
  district unexpended surplus funds

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

  Section 1. Subdivision 1 of section 1318 of the real property tax law,
as amended by chapter 238 of the laws of 2007, is  amended  to  read  as
follows:
  1.  The warrant of the collecting officer shall be signed by the trus-
tee, or the trustees, or a majority of them, or the board  of  education
or a majority thereof. Such warrant shall state the amount of unexpended
surplus  funds  in the custody of the board and shall further state that
except as authorized or required by law, such unexpended  surplus  funds
have  been applied in determining the amount of the school tax levy. For
the two thousand seven--two thousand eight school year, surplus funds as
used in this subdivision shall mean any operating  funds  in  excess  of
three  percent  of the current school year budget, and shall not include
funds properly retained under other sections of law. For the  two  thou-
sand  eight--two thousand nine school year[, and thereafter] THROUGH THE
TWO THOUSAND SIXTEEN--TWO THOUSAND SEVENTEEN SCHOOL YEAR, surplus  funds
as  used in this subdivision shall mean any operating funds in excess of
four percent of the current school year budget, and  shall  not  include
funds  properly  retained under other sections of law. FOR THE TWO THOU-
SAND SEVENTEEN--TWO  THOUSAND  EIGHTEEN  SCHOOL  YEAR,  AND  THEREAFTER,
SURPLUS FUNDS AS USED IN THIS SUBDIVISION SHALL MEAN ANY OPERATING FUNDS
IN  EXCESS  OF  TEN PERCENT OF THE CURRENT SCHOOL YEAR BUDGET, AND SHALL
NOT INCLUDE FUNDS PROPERLY RETAINED UNDER OTHER SECTIONS  OF  LAW.  Such
warrant  shall  have  the same force and effect as a warrant issued by a
board of supervisors to a collecting officer in a town.  The  collecting
officer  to  whom  it  may  be delivered for collection shall be thereby

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD10193-01-7

S4724A (ACTIVE) - Details

See Assembly Version of this Bill:
A6503A
Law Section:
Real Property Tax Law
Laws Affected:
Amd §1318, RPT L

S4724A (ACTIVE) - Summary

Relates to school district unexpended surplus funds; provides that for the 2017-2018 school year and thereafter, surplus funds shall mean any operating funds in excess of six percent of the current school year budget, and shall not include funds properly retained under other sections of law.

S4724A (ACTIVE) - Sponsor Memo

S4724A (ACTIVE) - Bill Text download pdf

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

                                 4724--A
    Cal. No. 790

                       2017-2018 Regular Sessions

                            I N  S E N A T E

                            February 24, 2017
                               ___________

Introduced  by  Sen.  AKSHAR -- read twice and ordered printed, and when
  printed to be committed  to  the  Committee  on  Local  Government  --
  reported  favorably  from  said committee, ordered to first and second
  report, ordered to a third reading,  amended  and  ordered  reprinted,
  retaining its place in the order of third reading

AN  ACT  to  amend  the  real  property  tax  law, in relation to school
  district unexpended surplus funds

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

  Section 1. Subdivision 1 of section 1318 of the real property tax law,
as  amended  by  chapter  238 of the laws of 2007, is amended to read as
follows:
  1. The warrant of the collecting officer shall be signed by the  trus-
tee,  or  the trustees, or a majority of them, or the board of education
or a majority thereof. Such warrant shall state the amount of unexpended
surplus funds in the custody of the board and shall further  state  that
except  as  authorized or required by law, such unexpended surplus funds
have been applied in determining the amount of the school tax levy.  For
the two thousand seven--two thousand eight school year, surplus funds as
used  in  this  subdivision  shall mean any operating funds in excess of
three percent of the current school year budget, and shall  not  include
funds  properly  retained under other sections of law. For the two thou-
sand eight--two thousand nine school year[, and thereafter] THROUGH  THE
TWO  THOUSAND SIXTEEN--TWO THOUSAND SEVENTEEN SCHOOL YEAR, surplus funds
as used in this subdivision shall mean any operating funds in excess  of
four  percent  of  the current school year budget, and shall not include
funds properly retained under other sections of law. FOR THE  TWO  THOU-
SAND  SEVENTEEN--TWO  THOUSAND  EIGHTEEN  SCHOOL  YEAR,  AND THEREAFTER,
SURPLUS FUNDS AS USED IN THIS SUBDIVISION SHALL MEAN ANY OPERATING FUNDS
IN EXCESS OF SIX PERCENT OF THE CURRENT SCHOOL YEAR  BUDGET,  AND  SHALL
NOT  INCLUDE  FUNDS  PROPERLY RETAINED UNDER OTHER SECTIONS OF LAW. Such

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

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