Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Jun 02, 2016 |
held for consideration in education |
Jan 06, 2016 |
referred to education |
Jan 27, 2015 |
referred to education |
Assembly Bill A3628
2015-2016 Legislative Session
Sponsored By
TENNEY
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
2015-A3628 (ACTIVE) - Details
2015-A3628 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 3628 2015-2016 Regular Sessions I N A S S E M B L Y January 27, 2015 ___________ Introduced by M. of A. TENNEY -- read once and referred to the Committee on Education AN ACT authorizing the commissioner of education to make a payment for the allotted balance of state aid to which the city school district of the city of Little Falls is entitled for a debt service payment for school building purposes THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Legislative findings. The legislature hereby finds that the city school district of the city of Little Falls approved five capital building projects which were designated by the state education depart- ment as project numbers 0001-005, 0001-006, 0001-007, 0008-008, 0008-09. In addition, the projects were eligible for certain state aid. The legislature further finds that the school district issued serial bonds in 1997 to finance the capital building projects. The legislature further finds that the school district began receiving building aid on the debt service relating to the serial bonds issued in 1997 in the 1997-1998 school year. The legislature further finds that due to the state education department's reset of the bond issue date the payment of the building aid was to start in the 1996-1997 school year. The legisla- ture further finds that the state education department reduced the building aid to the school district for the final debt service payment due on June 15, 2014 on the serial bonds issued in 1997 for the 2013-2014 school year by the amount of aid the school district was to receive in the 1996-1997 school year. The legislature further funds that the school district did not receive payment of that building aid in the 1996-1997 school year. The legislature further finds that without such apportionment of state aid, the payment by the school district in June, 2014 of the debt service payment for the serial bonds issued in 1997 for the capital building projects will impose an additional, unanticipated hardship on school district taxpayers. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD07613-01-5
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