New York Assembly Bill A04808 Latest Draft

   
  STATE OF NEW YORK ________________________________________________________________________ 4808 2025-2026 Regular Sessions  IN ASSEMBLY February 6, 2025 ___________ Introduced by M. of A. E. BROWN, DeSTEFANO, McDONOUGH, MAHER, GRAY, K. BROWN -- read once and referred to the Committee on Ways and Means AN ACT making an appropriation to the Island Park School District to offset a loss of tax revenue The People of the State of New York, represented in Senate and Assem- bly, do enact as follows: 1 Section 1. The sum of seven million dollars ($7,000,000), or so much 2 thereof as may be necessary, is hereby appropriated to the Island Park 3 School District out of any moneys in the state treasury in the general 4 fund to the credit of the local assistance account, not otherwise appro- 5 priated, and one million dollars of which shall be made immediately 6 available, and one million dollars shall be made available each year on 7 July first for six subsequent years, for the purpose of stabilizing the 8 Island Park School District and offsetting a loss of tax revenue. Such 9 moneys shall be payable on the audit and warrant of the comptroller to 10 such school district as prescribed by law. 11 § 2. This act shall take effect immediately. EXPLANATION--Matter in italics (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD01827-01-5