Senate Bill S4834

                             
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   4834
 
                        2023-2024 Regular Sessions
 
                             I N  S E N A T E
 
                             February 15, 2023
                                ___________
 
 Introduced  by Sen. BORRELLO -- read twice and ordered printed, and when
   printed to be committed to the Committee on Education
 
 AN ACT to amend the education law, in relation to  providing  a  supple-
   mental  valuation  impact  grant  to  the  West  Valley central school
   district

   THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section  1.    Subdivision  3 of section 3641 of the education law, as
 added by section 29-a of part B of chapter 57 of the laws of 2008, para-
 graph a as amended by section 31 of part A of chapter 57 of the laws  of
 2009, is amended to read as follows:
   3. Supplemental valuation impact grants.  a. In addition to apportion-
 ments otherwise provided by section thirty-six hundred two of this arti-
 cle, for aid payable in the two thousand [eight] TWENTY-THREE--two thou-
 sand  [nine  and two thousand nine--two thousand ten] TWENTY-FOUR school
 [years] YEAR, the [amounts] AMOUNT specified in [paragraphs] PARAGRAPH c
 [and d] of this subdivision shall be paid for the purpose  of  providing
 additional funding for A school [districts] DISTRICT which [have experi-
 enced a significant financial hardship caused by an extraordinary change
 in  the  taxable property valuation or extraordinary judgments resulting
 from tax certiorari proceedings] HAS MORE THAN EIGHTY-THREE  PERCENT  OF
 ITS REAL PROPERTY CLASSIFIED AS TAX EXEMPT.
   b.  The purpose of this subdivision is to provide financial assistance
 to A school [districts] DISTRICT which [have experienced  a  significant
 reduction  in  the taxable full value of the school district or extraor-
 dinary tax certiorari judgments] HAS MORE THAN EIGHTY-THREE  PERCENT  OF
 ITS  REAL PROPERTY CLASSIFIED AS TAX EXEMPT.  The legislature finds that
 A school [districts for which a judgment was made resulting from  a  tax
 certiorari  proceeding  which  is  larger  than  the total budget of the
 school district for school year two thousand seven--two  thousand  eight
 or  for  school  districts] DISTRICT which [have observed a reduction of

  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD09590-01-3
              

 S. 4834                             2

 taxable real property of more than seventy-five percent  between  school
 year  two  thousand  five--two thousand six and school year two thousand
 eight--two thousand nine] HAS MORE THAN EIGHTY-THREE PERCENT OF ITS REAL
 PROPERTY  CLASSIFIED AS TAX EXEMPT DURING SCHOOL YEAR TWO THOUSAND TWEN-
 TY-THREE--TWO THOUSAND TWENTY-FOUR may benefit from temporary additional
 assistance.
   c. To the [Barker central school district, there  shall  be  paid  one
 million three hundred thousand dollars ($1,300,000). Such grant shall be
 payable  to  the  Barker  central school district in accordance with the
 payment schedules contained in section thirty-six hundred nine-a of this
 article, notwithstanding any provision of law to the contrary.
   d. To the Haverstraw-Stony Point central school district, there  shall
 be  paid  two  million  five hundred thousand dollars ($2,500,000). Such
 grant shall be payable to  the  Haverstraw-Stony  Point  central  school
 district  in  accordance with the payment schedules contained in section
 thirty-six hundred nine-a of this article, notwithstanding any provision
 of law to the contrary] WEST VALLEY CENTRAL SCHOOL DISTRICT, THERE SHALL
 BE PAID FIVE HUNDRED THOUSAND DOLLARS ($500,000). SUCH  GRANT  SHALL  BE
 PAYABLE  TO  THE  WEST VALLEY CENTRAL SCHOOL DISTRICT IN ACCORDANCE WITH
 THE PAYMENT SCHEDULES CONTAINED IN SECTION THIRTY-SIX HUNDRED NINE-A  OF
 THIS ARTICLE, NOTWITHSTANDING ANY PROVISION OF LAW TO THE CONTRARY.
   § 2. This act shall take effect immediately.