S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   4690
 
                        2019-2020 Regular Sessions
 
                           I N  A S S E M B L Y
 
                             February 5, 2019
                                ___________
 
 Introduced  by  M.  of  A.  B. MILLER  --  read once and referred to the
   Committee on Education
 
 AN ACT authorizing the commissioner of education to make a  payment  for
   the allotted balance of state aid to which the city school district of
   the  city  of  Little Falls is entitled for a debt service payment for
   school building purposes

   THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section 1. Legislative findings. The legislature hereby finds that the
 city  school  district of the city of Little Falls approved five capital
 building projects which were designated by the state  education  depart-
 ment as project numbers 0001-005, 0001-006, 0001-007, 0008-008, 0008-09.
 In  addition,  the  projects  were  eligible for certain state aid.  The
 legislature further finds that the school district issued  serial  bonds
 in  1997  to  finance  the  capital  building  projects. The legislature
 further finds that the school district began receiving building  aid  on
 the  debt  service  relating  to  the serial bonds issued in 1997 in the
 1997-1998 school year. The legislature further finds  that  due  to  the
 state education department's reset of the bond issue date the payment of
 the building aid was to start in the 1996-1997 school year. The legisla-
 ture  further  finds  that  the  state  education department reduced the
 building aid to the school district for the final debt  service  payment
 due  on  June  15,  2014  on  the  serial  bonds  issued in 1997 for the
 2013-2014 school year by the amount of aid the school  district  was  to
 receive in the 1996-1997 school year. The legislature further funds that
 the  school district did not receive payment of that building aid in the
 1996-1997 school year. The legislature further finds that  without  such
 apportionment  of state aid, the payment by the school district in June,
 2014 of the debt service payment for the serial bonds issued in 1997 for
 the capital building projects will impose an  additional,  unanticipated
 hardship on school district taxpayers.
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
              

                                                            LBD06584-01-9

 A. 4690                             2
 
   §  2. Notwithstanding the defects described in section one of this act
 or the provisions of any other law to the contrary, the commissioner  of
 education  is  hereby  authorized  to  make  a  payment for the allotted
 balance of state aid to which the city school district of  the  city  of
 Little Falls, county of Herkimer, is entitled for the June 15, 2014 debt
 service  payment in an amount equal to $939,000, representing the allot-
 ted balance of state aid relating to the  June  15,  2014  debt  service
 payment  for  the  serial  bonds  issued  in  1997  to  finance projects
 0001-005, 0001-006, 0001-007, 0008-008, 0008-009 pursuant to paragraph a
 of subdivision 5 of section 3604 of the education law.
   § 3. If any clause, sentence, subdivision, paragraph, section or  part
 of  this  act  be adjudged by any court of competent jurisdiction, to be
 invalid, such judgment  shall  not  affect,  impair  or  invalidate  the
 remainder thereof, but shall be confined in its operation to the clause,
 sentence,  subdivision,  paragraph,  section  or  part  thereof directly
 involved in the controversy in  which  such  judgment  shall  have  been
 rendered.
   § 4. This act shall take effect immediately.