Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Feb 16, 2016 |
print number 6931a |
Feb 16, 2016 |
amend and recommit to education |
Jan 06, 2016 |
referred to education |
Apr 10, 2015 |
referred to education |
Assembly Bill A6931A
2015-2016 Legislative Session
Sponsored By
NOLAN
Archive: Last Bill Status - In Assembly Committee
- Introduced
-
- In Committee Assembly
- In Committee Senate
-
- On Floor Calendar Assembly
- On Floor Calendar Senate
-
- Passed Assembly
- Passed Senate
- Delivered to Governor
- Signed By Governor
Actions
Bill Amendments
co-Sponsors
David Buchwald
Sandy Galef
2015-A6931 - Details
- See Senate Version of this Bill:
- S6792
- Current Committee:
- Assembly Education
- Law Section:
- Education Law
- Laws Affected:
- Add §3653, Ed L
2015-A6931 - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 6931 2015-2016 Regular Sessions I N A S S E M B L Y April 10, 2015 ___________ Introduced by M. of A. NOLAN -- (at request of the New York State Teach- ers' Retirement System) -- read once and referred to the Committee on Education AN ACT to amend the education law, in relation to a retirement contrib- ution reserve fund for the purposes of the New York state teachers' retirement system 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 3653 to read as follows: S 3653. RETIREMENT CONTRIBUTION RESERVE FUND. 1. THE BOARD OF EDUCA- TION OR TRUSTEES OF A PARTICIPATING EMPLOYER MAY, BY RESOLUTION, ESTAB- LISH A RETIREMENT CONTRIBUTION RESERVE FUND FOR THE PURPOSE OF OFFSET- TING EMPLOYER CONTRIBUTIONS TO THE NEW YORK STATE TEACHERS' RETIREMENT SYSTEM AND PAYABLE PURSUANT TO THIS CHAPTER. 2. THERE MAY BE PAID INTO A RETIREMENT CONTRIBUTION RESERVE FUND: A. SUCH AMOUNTS AS MAY BE PROVIDED THEREFOR BY BUDGETARY APPROPRIATION OR RAISED BY TAX THEREFOR; B. SUCH REVENUES AS ARE NOT REQUIRED BY LAW TO BE PAID INTO ANY OTHER FUND OR ACCOUNT; C. SUCH OTHER FUNDS AS MAY BE LEGALLY APPROPRIATED; AND D. NOTWITHSTANDING ANY LAW TO THE CONTRARY, SUCH AMOUNTS AS MAY BE TRANSFERRED FROM A RESERVE FUND ESTABLISHED PURSUANT TO SECTION SIX-C, SIX-D, SIX-E, SIX-F OR SIX-G OF THE GENERAL MUNICIPAL LAW COMPRISED OF MONEYS RAISED FROM THE SAME TAX BASE AS THE MONEYS IN THE RETIREMENT CONTRIBUTION RESERVE FUND, OR A RESERVE FUND ESTABLISHED PURSUANT TO SECTION THIRTY-SIX HUNDRED FIFTY-ONE OF THIS ARTICLE, PROVIDED THAT ANY SUCH TRANSFER SHALL ONLY BE MADE BY RESOLUTION OF THE BOARD OF EDUCATION OR TRUSTEES OF SUCH EMPLOYER ADOPTED AFTER A PUBLIC HEARING HELD ON AT LEAST FIFTEEN DAYS PRIOR PUBLISHED NOTICE IN AT LEAST ONE NEWSPAPER HAVING GENERAL CIRCULATION IN THE SCHOOL DISTRICT OF THE EMPLOYER. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD09379-01-5
co-Sponsors
David Buchwald
Sandy Galef
James Skoufis
Kenneth Zebrowski
2015-A6931A (ACTIVE) - Details
- See Senate Version of this Bill:
- S6792
- Current Committee:
- Assembly Education
- Law Section:
- Education Law
- Laws Affected:
- Add §3653, Ed L
2015-A6931A (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 6931--A 2015-2016 Regular Sessions I N A S S E M B L Y April 10, 2015 ___________ Introduced by M. of A. NOLAN, BUCHWALD, GALEF -- (at request of the New York State Teachers' Retirement System) -- read once and referred to the Committee on Education -- recommitted to the Committee on Educa- tion in accordance with Assembly Rule 3, sec. 2 -- committee discharged, bill amended, ordered reprinted as amended and recommitted to said committee AN ACT to amend the education law, in relation to a retirement contrib- ution reserve fund for the purposes of the New York state teachers' retirement system 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 3653 to read as follows: S 3653. RETIREMENT CONTRIBUTION RESERVE FUND. 1. THE BOARD OF EDUCA- TION OR TRUSTEES OF A PARTICIPATING EMPLOYER MAY, BY RESOLUTION, ESTAB- LISH A RETIREMENT CONTRIBUTION RESERVE FUND FOR THE PURPOSE OF OFFSET- TING EMPLOYER CONTRIBUTIONS TO THE NEW YORK STATE TEACHERS' RETIREMENT SYSTEM AND PAYABLE PURSUANT TO THIS CHAPTER. 2. THERE MAY BE PAID INTO A RETIREMENT CONTRIBUTION RESERVE FUND: A. SUCH AMOUNTS AS MAY BE PROVIDED THEREFOR BY BUDGETARY APPROPRIATION OR RAISED BY TAX THEREFOR; B. SUCH REVENUES AS ARE NOT REQUIRED BY LAW TO BE PAID INTO ANY OTHER FUND OR ACCOUNT; C. SUCH OTHER FUNDS AS MAY BE LEGALLY APPROPRIATED; AND D. NOTWITHSTANDING ANY LAW TO THE CONTRARY, SUCH AMOUNTS AS MAY BE TRANSFERRED FROM A RESERVE FUND ESTABLISHED PURSUANT TO SECTION SIX-C, SIX-D, SIX-E, SIX-F OR SIX-G OF THE GENERAL MUNICIPAL LAW COMPRISED OF MONEYS RAISED FROM THE SAME TAX BASE AS THE MONEYS IN THE RETIREMENT CONTRIBUTION RESERVE FUND, OR A RESERVE FUND ESTABLISHED PURSUANT TO SECTION THIRTY-SIX HUNDRED FIFTY-ONE OF THIS ARTICLE, PROVIDED THAT ANY SUCH TRANSFER SHALL ONLY BE MADE BY RESOLUTION OF THE BOARD OF EDUCATION EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD09379-02-6
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