Bill Text: NY A01195 | 2021-2022 | General Assembly | Introduced

New York Assembly Bill 1195 (Prior Session Legislation)

Introduced

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

Spectrum: Slight Partisan Bill (Democrat 11-5)

Status: (Introduced - Dead) 2022-01-05 - referred to education [A01195 Detail]

Download: New_York-2021-A01195-Introduced.html




                STATE OF NEW YORK
        ________________________________________________________________________

                                          1195

                               2021-2022 Regular Sessions

                   IN ASSEMBLY

                                     January 7, 2021
                                       ___________

        Introduced  by  M.  of  A.  CAHILL, LUPARDO, ABINANTI, BARRETT, GUNTHER,
          WOERNER -- Multi-Sponsored by --  M.  of  A.  FRIEND,  MONTESANO,  RA,
          RAMOS, SOLAGES -- 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    § 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  subdivisions without authorization of the voters.
    18    § 3. This act shall take effect immediately.


         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD01594-01-1