|Assembly Actions - Lowercase
Senate Actions - UPPERCASE
|Jan 05, 2022||referred to local government|
|Apr 26, 2021||defeated in local government|
|Mar 03, 2021||notice of committee consideration - requested|
|Jan 16, 2021||referred to local government|
senate Bill S1935
Current Bill Status - In Senate Committee Local Government Committee
- In Committee
- On Floor Calendar
- Passed Senate
- Passed Assembly
- Delivered to Governor
- Signed/Vetoed by Governor
S1935 (ACTIVE) - Details
S1935 (ACTIVE) - Summary
Relates to school district unexpended surplus funds; provides that for the 2021-2022 school year and thereafter, surplus funds shall mean any operating funds in excess of six percent of the current school year budget, and shall not include funds properly retained under other sections of law.
S1935 (ACTIVE) - Sponsor Memo
BILL NUMBER: S1935 SPONSOR: AKSHAR TITLE OF BILL: An act to amend the real property tax law, in relation to school district unexpended surplus funds PURPOSE OR GENERAL IDEA OF BILL: This bill increases the amount of unexpended surplus funds which may be maintained by a school district into the next school year. SUMMARY OF SPECIFIC PROVISIONS: Section 1 of the bill would amend subdivision 1 of section 1318 of the real property tax law to change the threshold for a school district's unexpended surplus funds to be applied to the proposed tax levy from four percent to six percent. Section 2 of the bill establishes the effective date.
S1935 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 1935 2021-2022 Regular Sessions I N S E N A T E January 16, 2021 ___________ Introduced by Sen. AKSHAR -- 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 school district unexpended 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. For the two thou- sand eight--two thousand nine school year[, and thereafter] THROUGH THE TWO THOUSAND TWENTY-ONE--TWO THOUSAND TWENTY-TWO SCHOOL YEAR, 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 THOUSAND TWENTY-ONE--TWO THOUSAND TWENTY-TWO SCHOOL YEAR, AND THEREAFT- ER, SURPLUS FUNDS AS USED IN THIS SUBDIVISION SHALL MEAN ANY OPERATING FUNDS IN EXCESS OF SIX 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 shall be thereby EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted.
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