Bill Text: NY A04255 | 2013-2014 | General Assembly | Introduced

---

Bill Title: Relates to school district bonds and notification to taxpayers; requires school districts when presenting a budget for the fiscal year, to notify taxpayers and disclose the amount of the outstanding bonds and the amount of such bonds which shall expire in the respective fiscal year; provides for a separate line on every taxpayer's bill for the amount of taxes which were paid in the respective fiscal year.

Spectrum: Partisan Bill (Republican 6-0)

Status: (Introduced - Dead) 2014-05-20 - held for consideration in education [A04255 Detail]

Download: New_York-2013-A04255-Introduced.html

---

                           S T A T E   O F   N E W   Y O R K
       ________________________________________________________________________
                                         4255
                              2013-2014 Regular Sessions
                                 I N  A S S E M B L Y
                                   February 1, 2013
                                      ___________
       Introduced by M. of A. RAIA, McKEVITT, SALADINO -- Multi-Sponsored by --
         M.  of  A.    FITZPATRICK, GIGLIO, McDONOUGH, RABBITT -- read once and
         referred to the Committee on Education
       AN ACT to amend the education law, in relation to school district  bonds
         and notification to taxpayers
         THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
       BLY, DO ENACT AS FOLLOWS:
    1    Section 1. The education law is amended by adding a new  section  3613
    2  to read as follows:
    3    S 3613. SCHOOL DISTRICT BONDS; NOTIFICATION REQUIREMENTS. 1.  WHENEVER
    4  A  SCHOOL  DISTRICT SHALL PRESENT THE BUDGET, SUCH SCHOOL DISTRICT SHALL
    5  DISCLOSE THE FINANCIAL COST OF ALL OUTSTANDING BONDS WHICH SHALL  EXPIRE
    6  IN  THE  UPCOMING  FISCAL  YEAR. FOR PURPOSES OF THIS SECTION DISCLOSURE
    7  SHALL BE SATISFIED BY INDICATING THE ANNUAL FINANCIAL PAYMENT  THAT  THE
    8  DISTRICT HAS MADE IN SATISFACTION OF SUCH BONDS.
    9    2.  ON  EVERY  TAXPAYER'S  BILL THERE SHALL BE A SEPARATE LINE FOR THE
   10  AMOUNT OF TAXES WHICH WERE PAID IN THE RESPECTIVE FISCAL  YEAR  ON  SUCH
   11  SCHOOL BONDS.
   12    S  2.  This act shall take effect on the first of July next succeeding
   13  the date on which it shall have become a law.
        EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                             [ ] is old law to be omitted.
                                                                  LBD05020-01-3