S6110-2011 Actions

• Jun 19, 2012: referred to education
• Jun 19, 2012: DELIVERED TO ASSEMBLY
• Jun 19, 2012: PASSED SENATE
• Jun 13, 2012: ORDERED TO THIRD READING CAL.1237
• Jun 13, 2012: COMMITTEE DISCHARGED AND COMMITTED TO RULES
• Jun 5, 2012: REPORTED AND COMMITTED TO FINANCE
• Jan 4, 2012: REFERRED TO EDUCATION

S6110-2011 Meetings

S6110-2011 Calendars

S6110-2011 Votes

S6110-2011 Memo

BILL NUMBER:S6110

TITLE OF BILL:
An act
to amend the education law, in relation to exempting certain
consolidated school districts from provisions of law requiring
re-computation upon sale of building aid for projects for the
construction, acquisition, reconstruction, rehabilitation or improvement
of school buildings

PURPOSE:
To exempt school districts which are the result of a consolidation of
at least two school districts in the past fifteen years from having
their building aid re-computed due to the sale or transfer of
ownership of a school building during the period of assumed
amortization.

SUMMARY OF PROVISIONS:
Section 1. Amends Subparagraph 8 of paragraph e of subdivision 6 of
section 3602 of the education law. as added by Section 31 of part A of
chapter 58 of the laws of 2011 to exempt school districts which are
the result of a consolidation of at least two school districts in the
past fifteen years from having their building aid recomputed due to
the sale or transfer of ownership of a school building during the
period of assumed amortization.

Section 2. Effective Date

JUSTIFICATION:
When two or more school districts are consolidated, they are able to
achieve significant cost savings to the taxpayers and oftentimes the
consolidation leaves the new district with surplus building(s).
Currently. under chapter 58 of 2011. if the new school district
sells these buildings during the period of assumed amortization, they
are required to have are-computation of their building-aid which would
negatively impact the cost savings to the taxpayers in the new
district. This legislation exempts the new district from having a
re-computation of the building aid due to the sale of the surplus
building(s).

LEGISLATIVE HISTORY:
New Bill.

FISCAL IMPLICATIONS:
To be determined.

EFFECTIVE DATE:
This act shall take effect immediately.

S6110-2011 Text

 S T A T E   O F   N E W   Y O R K
 
 
                                         6110
 I N  SENATE
 (PREFILED)
 January 4, 2012
 
 Introduced  by  Sen. BONACIC -- 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  exempting  certain
 consolidated school districts from provisions of law requiring re-com
 putation  upon sale of building aid for projects for the construction,
 acquisition, reconstruction, rehabilitation or improvement  of  school
 buildings
 

THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM
 BLY, DO ENACT AS FOLLOWS:

 

Section 1. Subparagraph 8 of paragraph e of subdivision 6  of  section
 3602  of  the education law, as added by section 31 of part A of chapter
 58 of the laws of 2011, is amended to read as follows:

 (8) Notwithstanding any other provision of the law  to  the  contrary,
 AND  UNLESS THE DISTRICT WAS FORMED AS A RESULT OF A CONSOLIDATION OF AT
 LEAST TWO SCHOOL DISTRICTS IN THE PAST FIFTEEN YEARS, where, during  the
 period   of   assumed   amortization  relating  to  a  project  for  the
 construction, acquisition, reconstruction, rehabilitation or improvement
 of a school building, the school building is sold or ownership is other
 wise transferred to an entity other than the school district or city and
 such transfer results in the building no longer being  operated  by  the
 school  district  as a public elementary or secondary school that is not
 independent or autonomous, the district shall, within sixty days of  the
 transfer of ownership, notify the commissioner of such sale or transfer,
 and shall provide such additional information about the sale or transfer
 as the commissioner may require, in a form prescribed by the commission
 er,  and  the  commissioner  shall  re-compute the building aid, if any,
 payable for such project pursuant to this subparagraph,  except  to  the
 extent such re-computation would conflict with the provisions of section
 twenty-seven  hundred  ninety-nine-tt of the public authorities law. The
 commissioner shall deduct the revenues received by the  school  district
 or  city  as  a  result of such sale or transfer from the approved total
 project cost and, based on such adjusted project cost, establish  a  new
 assumed  amortization for the remaining useful life of the project under
 the applicable provisions of this paragraph.
 

S 2. This act shall take effect immediately.
 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
 [ ] is old law to be omitted.
 LBD13720-01-2

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