Senate Bill S7960

2023-2024 Legislative Session

Establishes an energy reserve fund for school districts and boards of cooperative educational services

download bill text pdf

Sponsored By

Current Bill Status - In Senate Committee Education 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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2023-S7960 (ACTIVE) - Details

Current Committee:
Senate Education
Law Section:
Education Law
Laws Affected:
Amd §3651, Ed L
Versions Introduced in Other Legislative Sessions:
2009-2010: S6933
2011-2012: S517
2013-2014: S1092
2015-2016: S3642
2017-2018: S545
2019-2020: S3005
2021-2022: S4062

2023-S7960 (ACTIVE) - Summary

Establishes an energy reserve fund for school districts and boards of cooperative educational services.

2023-S7960 (ACTIVE) - Sponsor Memo

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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