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Assembly Bill A3512

2021-2022 Legislative Session

Authorizes school districts to establish extraordinary needs reserve fund

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Archive: Last Bill Status - In Assembly Committee

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2021-A3512 (ACTIVE) - Details

Current Committee:
Assembly Education
Law Section:
Education Law
Laws Affected:
Amd §3651, Ed L
Versions Introduced in Other Legislative Sessions:
2017-2018: A9871
2019-2020: A1614

2021-A3512 (ACTIVE) - Summary

Authorizes school districts to establish an extraordinary needs reserve fund.

2021-A3512 (ACTIVE) - Bill Text download pdf 

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   3512
 
                        2021-2022 Regular Sessions
 
                           I N  A S S E M B L Y
 
                             January 27, 2021
                                ___________
 
 Introduced by M. of A. ABINANTI -- read once and referred to the Commit-
   tee on Education
 
 AN  ACT  to  amend  the education law, in relation to authorizing school
   districts to establish an extraordinary needs reserve fund
 
   THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
 BLY, DO ENACT AS FOLLOWS:

   Section  1.  Section  3651 of the education law is amended by adding a
 new subdivision 1-c to read as follows:
   1-C.  NOTWITHSTANDING  THE  PROVISIONS  OF  SUBDIVISION  ONE  OF  THIS
 SECTION,  ANY  SCHOOL  DISTRICT  MAY  ESTABLISH  A  RESERVE FUND FOR THE
 PAYMENT OF UNANTICIPATED COSTS RELATED TO THE  INSTRUCTION  OF  STUDENTS
 WITH  DISABILITIES  AS DEFINED IN SECTION FORTY-FOUR HUNDRED ONE OF THIS
 CHAPTER INCURRED DURING THE FISCAL YEAR, WITHOUT APPROVAL BY THE  QUALI-
 FIED  VOTERS  OF  THE DISTRICT, PROVIDED, HOWEVER, THAT THE TOTAL OF THE
 MONIES HELD IN SUCH RESERVE FUND SHALL  NOT  EXCEED  THAT  AMOUNT  WHICH
 MIGHT  BE  REASONABLY  DEEMED NECESSARY FOR THE PAYMENT OF SUCH UNANTIC-
 IPATED COSTS.
   § 2. This act shall take effect on the first of July  next  succeeding
 the date on which it shall have become a law.
 
 
 
 
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD00919-01-1

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