Assembly Bill A10549

2019-2020 Legislative Session

Relates to surplus funds

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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2019-A10549 (ACTIVE) - Details

Current Committee:
Assembly Real Property Taxation
Law Section:
Real Property Tax Law
Laws Affected:
Amd §1318, RPT L
Versions Introduced in Other Legislative Sessions:
2021-2022: A3498
2023-2024: A304

2019-A10549 (ACTIVE) - Summary

Provides that for the two thousand twenty--two thousand twenty-one school year, two thousand twenty-one--two thousand twenty-two school year, and two thousand twenty-two--two thousand twenty-three school year, surplus funds as used in this subdivision shall mean any operating funds in excess of five percent of the current school year budget, and shall not include funds properly retained under other sections of law.

2019-A10549 (ACTIVE) - Bill Text download pdf 

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   10549
 
                           I N  A S S E M B L Y
 
                               May 29, 2020
                                ___________
 
 Introduced  by  COMMITTEE  ON  RULES  -- (at request of M. of A. Paulin,
   Galef, Abinanti, Buchwald, Jaffee, Otis, Pretlow, Zebrowski)  --  read
   once and referred to the Committee on Real Property Taxation
 
 AN ACT to amend the real property tax law, in relation to 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;  PROVIDED  HOWEVER,
 THAT  FOR  THE TWO THOUSAND TWENTY--TWO THOUSAND TWENTY-ONE SCHOOL YEAR,
 TWO THOUSAND TWENTY-ONE--TWO THOUSAND TWENTY-TWO SCHOOL  YEAR,  AND  TWO
 THOUSAND  TWENTY-TWO--TWO  THOUSAND  TWENTY-THREE  SCHOOL  YEAR, SURPLUS
 FUNDS  AS USED  IN  THIS  SUBDIVISION  SHALL MEAN ANY OPERATING FUNDS IN
 EXCESS OF FIVE PERCENT OF THE CURRENT SCHOOL YEAR  BUDGET,  AND    SHALL
 NOT    INCLUDE FUNDS  PROPERLY RETAINED UNDER OTHER SECTIONS OF LAW. For
 the two thousand eight--two thousand nine school year,  and  thereafter,
 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.  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
 authorized and required to collect  from  every  person  named  on  such
 school  tax  roll  the sum set opposite his name, or the amount due from
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets

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