New York Senate Bill S07605 Latest Draft

   
  STATE OF NEW YORK ________________________________________________________________________ 7605--A 2023-2024 Regular Sessions  IN SENATE July 19, 2023 ___________ Introduced by Sen. STEC -- read twice and ordered printed, and when printed to be committed to the Committee on Rules -- recommitted to the Committee on Education in accordance with Senate Rule 6, sec. 8 -- reported favorably from said committee and committed to the Committee on Local Government -- reported favorably from said committee and committed to the Committee on Finance -- committee discharged, bill amended, ordered reprinted as amended and recommitted to said commit- tee 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 13 to read as follows: 3 (13) Notwithstanding any other provision of law to the contrary, for 4 the purpose of computation of building aid for construction, recon- 5 struction or modernizing of no more than one project 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. LBD11921-02-4