Bill Text: NY S00622 | 2019-2020 | General Assembly | Introduced
Bill Title: Relates to the recovery of certain building aid penalties by the state education department; authorizes SED to recover building aid in six equal annual installments beginning the later of June 2020 or June of the school year in which such district is notified of the penalty where such penalty exceeds $2,200,000 and also exceeds 2 percent of such district's total general fund expenditures for the 2013-14 school year.
Spectrum: Partisan Bill (Republican 1-0)
Status: (Introduced - Dead) 2020-01-08 - REFERRED TO EDUCATION [S00622 Detail]
Download: New_York-2019-S00622-Introduced.html
STATE OF NEW YORK ________________________________________________________________________ 622 2019-2020 Regular Sessions IN SENATE (Prefiled) January 9, 2019 ___________ Introduced by Sen. BOYLE -- read twice and ordered printed, and when printed to be committed to the Committee on Education AN ACT relating to the recovery of certain building aid penalties by the state education department The People of the State of New York, represented in Senate and Assem- bly, do enact as follows: 1 Section 1. Notwithstanding any provision of law to the contrary, for a 2 school district with a penalty pursuant to a notice of building aid 3 recovery where such penalty exceeds $2,200,000 and also exceeds 2 4 percent of such district's total general fund expenditures for the 5 2013-14 school year, the commissioner of education shall recover such 6 penalty in six equal annual installments beginning the later of June, 7 2020 or June of the school year in which such district is notified of 8 the penalty. Provided further that such district may elect to make an 9 initial payment no later than thirty days in advance of the first annual 10 installment which shall reduce the amount of each annual installment. 11 § 2. This act shall take effect immediately. EXPLANATION--Matter in italics (underscored) is new; matter in brackets [] is old law to be omitted. LBD04390-01-9
