Bill Text: NY S03642 | 2015-2016 | General Assembly | Introduced

New York Senate Bill 3642 (Prior Session Legislation)

Introduced

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

Spectrum: Slight Partisan Bill (Republican 5-3)

Status: (Introduced - Dead) 2016-01-06 - REFERRED TO EDUCATION [S03642 Detail]

Download: New_York-2015-S03642-Introduced.html

                           S T A T E   O F   N E W   Y O R K
       ________________________________________________________________________
                                         3642
                              2015-2016 Regular Sessions
                                   I N  S E N A T E
                                   February 13, 2015
                                      ___________
       Introduced  by  Sen.  FUNKE  -- read twice and ordered printed, and when
         printed to be committed 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  SUBDIVISIONS 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.
                                                                  LBD06177-01-5