New York Assembly Bill A07929 Latest Draft

   
  STATE OF NEW YORK ________________________________________________________________________ 7929 2023-2024 Regular Sessions  IN ASSEMBLY August 4, 2023 ___________ Introduced by M. of A. SIMPSON -- read once and referred to the Commit- tee on Education AN ACT to amend the education law, in relation to the computation of building aid for the Boquet Valley Central School District The People of the State of New York, represented in Senate and Assem- bly, do enact as follows: 1 Section 1. Paragraph a of subdivision 6 of section 3602 of the educa- 2 tion law is amended by adding a new subparagraph 12 to read as follows: 3 (12) Notwithstanding any other provision of law to the contrary, for 4 the purpose of computation of building aid for reorganization operations 5 including construction, reconstruction or modernizing by the Boquet 6 Valley central school district, multi-year cost allowances for the 7 project shall be established and utilized two times in the first five- 8 year period. Subsequent multi-year cost allowances shall be established 9 no sooner than ten years after establishment of the first maximum cost 10 allowance authorized pursuant to this subparagraph. 11 § 2. This act shall take effect immediately. EXPLANATION--Matter in italics (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD11921-01-3