A4274-2011 Actions

• May 30, 2012: held for consideration in education
• Jan 4, 2012: referred to education
• Feb 2, 2011: referred to education

A4274-2011 Text

 S T A T E   O F   N E W   Y O R K
 
 
                                         4274
 2011-2012 Regular Sessions
 I N  ASSEMBLY
 February 2, 2011
 
 Introduced  by M. of A. RAIA, McKEVITT -- 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:

 

Section  1.  The education law is amended by adding a new section 3613
 to read as follows:

 

S 3613. SCHOOL DISTRICT BONDS; NOTIFICATION REQUIREMENTS. 1.  WHENEVER
 A SCHOOL DISTRICT SHALL PRESENT THE BUDGET, SUCH SCHOOL  DISTRICT  SHALL
 DISCLOSE  THE FINANCIAL COST OF ALL OUTSTANDING BONDS WHICH SHALL EXPIRE
 IN THE UPCOMING FISCAL YEAR. FOR PURPOSES  OF  THIS  SECTION  DISCLOSURE
 SHALL  BE  SATISFIED BY INDICATING THE ANNUAL FINANCIAL PAYMENT THAT THE
 DISTRICT HAS MADE IN SATISFACTION OF SUCH BONDS.
 2. ON EVERY TAXPAYER'S BILL THERE SHALL BE A  SEPARATE  LINE  FOR  THE
 AMOUNT  OF  TAXES  WHICH WERE PAID IN THE RESPECTIVE FISCAL YEAR ON SUCH
 SCHOOL BONDS.
 

S 2. This act shall take effect on the first of July  next  succeeding
 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.
 LBD06629-01-1

*By contributing or voting you agree to the Terms of Participation and Privacy Policy and verify you are over 13.

Discuss!