Bill Text: NY A04909 | 2009-2010 | General Assembly | Introduced

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Bill Title: An act to amend the education law, in relation to school district bonds and notification to taxpayers

Spectrum: Partisan Bill (Republican 6-0)

Status: (Introduced - Dead) 2010-01-06 - referred to education [A04909 Detail]

Download: New_York-2009-A04909-Introduced.html

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                           S T A T E   O F   N E W   Y O R K
       ________________________________________________________________________
                                         4909
                              2009-2010 Regular Sessions
                                 I N  A S S E M B L Y
                                   February 6, 2009
                                      ___________
       Introduced  by  M. of A. RAIA, McKEVITT, WALKER -- 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.
                                                                  LBD06608-01-9