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Assembly Bill A3498A

2021-2022 Legislative Session

Relates to surplus funds

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Archive: Last Bill Status - In Assembly Committee

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Bill Amendments

co-Sponsors

2021-A3498 - Details

Current Committee:
Assembly Ways And Means
Law Section:
Real Property Tax Law
Laws Affected:
Amd §1318, RPT L
Versions Introduced in Other Legislative Sessions:
2019-2020: A10549
2023-2024: A304
2025-2026: A351

2021-A3498 - Summary

Provides that for the two thousand twenty-two--two thousand twenty-three school year, the two thousand twenty-three--two thousand twenty-four school year, and the two thousand twenty-four--two thousand twenty-five 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.

2021-A3498 - Bill Text download pdf 

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   3498
 
                        2021-2022 Regular Sessions
 
                           I N  A S S E M B L Y
 
                             January 27, 2021
                                ___________
 
 Introduced by M. of A. PAULIN, GALEF, ABINANTI, 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-ONE--TWO THOUSAND TWENTY-TWO SCHOOL
 YEAR, TWO THOUSAND TWENTY-TWO--TWO THOUSAND  TWENTY-THREE  SCHOOL  YEAR,
 AND  TWO  THOUSAND  TWENTY-THREE--TWO  THOUSAND TWENTY-FOUR 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
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.

co-Sponsors

2021-A3498A (ACTIVE) - Details

Current Committee:
Assembly Ways And Means
Law Section:
Real Property Tax Law
Laws Affected:
Amd §1318, RPT L
Versions Introduced in Other Legislative Sessions:
2019-2020: A10549
2023-2024: A304
2025-2026: A351

2021-A3498A (ACTIVE) - Summary

Provides that for the two thousand twenty-two--two thousand twenty-three school year, the two thousand twenty-three--two thousand twenty-four school year, and the two thousand twenty-four--two thousand twenty-five 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.

2021-A3498A (ACTIVE) - Bill Text download pdf 

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                  3498--A
 
                        2021-2022 Regular Sessions
 
                           I N  A S S E M B L Y
 
                             January 27, 2021
                                ___________
 
 Introduced by M. of A. PAULIN, GALEF, ABINANTI, OTIS, PRETLOW, ZEBROWSKI
   --  read  once and referred to the Committee on Real Property Taxation
   -- committee discharged, bill amended, ordered  reprinted  as  amended
   and recommitted to said committee
 
 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--TWO THOUSAND TWENTY-THREE SCHOOL
 YEAR, THE TWO THOUSAND  TWENTY-THREE--TWO  THOUSAND  TWENTY-FOUR  SCHOOL
 YEAR,  AND THE TWO THOUSAND TWENTY-FOUR--TWO THOUSAND TWENTY-FIVE 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
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.

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