Bill Text: NY A00961 | 2009-2010 | General Assembly | Introduced

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Bill Title: An act to amend the education law, in relation to establishing an energy reserve fund for school districts and boards of cooperative educational services

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Introduced - Dead) 2010-01-06 - referred to education [A00961 Detail]

Download: New_York-2009-A00961-Introduced.html

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                           S T A T E   O F   N E W   Y O R K
       ________________________________________________________________________
                                          961
                              2009-2010 Regular Sessions
                                 I N  A S S E M B L Y
                                      (PREFILED)
                                    January 7, 2009
                                      ___________
       Introduced by M. of A. CAHILL -- read once and referred 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:
    1    Section  1.  Section  3651 of the education law is amended by adding a
    2  new subdivision 1-c to read as follows:
    3    1-C.  NOTWITHSTANDING  THE  PROVISIONS  OF  SUBDIVISION  ONE  OF  THIS
    4  SECTION,  ANY  SCHOOL  DISTRICT MAY ESTABLISH AN ENERGY RESERVE FUND FOR
    5  THE PAYMENT OF ENERGY COSTS, WITHOUT APPROVAL BY THE QUALIFIED VOTERS OF
    6  THE DISTRICT. ANY MONIES DEPOSITED TO SUCH ENERGY RESERVE FUND WHICH ARE
    7  NOT EXPENDED FOR THE PAYMENT OF ENERGY COSTS IN THE FISCAL YEAR THAT THE
    8  FUNDS ARE DEPOSITED IN THE ENERGY RESERVE FUND MAY BE EITHER TRANSFERRED
    9  TO ANOTHER RESERVE FUND OR APPLIED TO THE  APPROPRIATIONS  OF  THE  NEXT
   10  SUCCEEDING FISCAL YEAR'S BUDGET.
   11    S 2. Subdivision 3-a of section 3651 of the education law, as added by
   12  chapter 588 of the laws of 1988, is amended to read as follows:
   13    3-a.  Notwithstanding  the  provisions  of  subdivision  three of this
   14  section, any school district which establishes a reserve fund in accord-
   15  ance with subdivision one-a OR ONE-C of this section may  make  expendi-
   16  tures  from  such  fund  for  the purposes specified in such subdivision
   17  without authorization of the voters.
   18    S 3. This act shall take effect immediately.
        EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                             [ ] is old law to be omitted.
                                                                  LBD00657-01-9