Senate Bill S5069

2021-2022 Legislative Session

Relates to the amount of surplus funds which may be retained by a school district

download bill text pdf

Sponsored By

Archive: Last Bill Status - In Senate Committee Local Government 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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2021-S5069 (ACTIVE) - Details

See Assembly Version of this Bill:
A6185
Current Committee:
Senate Local Government
Law Section:
Real Property Tax Law
Laws Affected:
Amd §1318, RPT L

2021-S5069 (ACTIVE) - Summary

Relates to the amount of surplus funds which may be retained by a school district; establishes surplus funds for the 2020-2021 school year through the 2024-2025 school year shall mean any operating funds in excess of 8% of the current school year budget.

2021-S5069 (ACTIVE) - Sponsor Memo

2021-S5069 (ACTIVE) - Bill Text download pdf

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   5069
 
                        2021-2022 Regular Sessions
 
                             I N  S E N A T E
 
                             February 23, 2021
                                ___________
 
 Introduced  by  Sen.  MAYER  -- read twice and ordered printed, and when
   printed to be committed to the Committee on Local Government
 
 AN ACT to amend the real property tax law, in relation to the amount  of
   surplus  funds which may be retained by a school district; and provid-
   ing for the repeal of such provisions upon expiration thereof

   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. For the two thou-
 sand 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. FOR THE  TWO  THOU-
 SAND  TWENTY--TWO  THOUSAND TWENTY-ONE SCHOOL YEAR THROUGH THE TWO THOU-
 SAND TWENTY-FOUR--TWO THOUSAND TWENTY-FIVE SCHOOL YEAR, SURPLUS FUNDS AS
 USED IN THIS SUBDIVISION SHALL MEAN ANY OPERATING  FUNDS  IN  EXCESS  OF
 EIGHT  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 super-
 visors to a collecting officer in a town. The collecting officer to whom
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
              

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