| Date of Action |
Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|---|---|
| Jan 04, 2024 |
referred to education |
Senate Bill S7960
2023-2024 Legislative Session
Sponsored By
(D, WF) 21st Senate District
Archive: Last Bill Status - In Senate Committee Education Committee
Actions
co-Sponsors
(R, C) 60th Senate District
(D, WF) 40th Senate District
(R) 1st Senate District
(D) Senate District
2023-S7960 (ACTIVE) - Details
2023-S7960 (ACTIVE) - Sponsor Memo
BILL NUMBER: S7960
SPONSOR: PARKER
TITLE OF BILL:
An act to amend the education law, in relation to establishing an energy
reserve fund for school districts and boards of cooperative educational
services
PURPOSE:
Allows school districts and boards of cooperative educational services
to establish a separate fund to provide a reserve for excess energy
costs.
Section 3651 of the education law is amended to authorize any school
district to establish an energy reserve fund for the payment of energy
costs and that any reserve funds not expended in that fiscal year may be
transferred to another reserve fund or applied to the appropriations of
next fiscal year's budget.
SUMMARY OF SPECIFIC PROVISIONS:
2023-S7960 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K
________________________________________________________________________
7960
I N S E N A T E
January 4, 2024
___________
Introduced by Sens. PARKER, GALLIVAN, HARCKHAM, PALUMBO, THOMAS -- 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 establishing an energy
reserve fund for school districts and boards of cooperative educa-
tional services
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 AN ENERGY RESERVE FUND FOR
THE PAYMENT OF ENERGY COSTS, WITHOUT APPROVAL BY THE QUALIFIED VOTERS OF
THE DISTRICT. ANY MONIES DEPOSITED TO SUCH ENERGY RESERVE FUND WHICH ARE
NOT EXPENDED FOR THE PAYMENT OF ENERGY COSTS IN THE FISCAL YEAR THAT THE
FUNDS ARE DEPOSITED IN THE ENERGY RESERVE FUND MAY BE EITHER TRANSFERRED
TO ANOTHER RESERVE FUND OR APPLIED TO THE APPROPRIATIONS OF THE NEXT
SUCCEEDING FISCAL YEAR'S BUDGET.
§ 2. Subdivision 3-a of section 3651 of the education law, as added by
chapter 588 of the laws of 1988, is amended to read as follows:
3-a. Notwithstanding the provisions of subdivision three of this
section, any school district which establishes a reserve fund in accord-
ance with subdivision one-a OR ONE-C of this section may make expendi-
tures from such fund for the purposes specified in such [subdivision]
SUBDIVISIONS without authorization of the voters.
§ 3. This act shall take effect immediately.
EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD11233-01-3
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