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.