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A05547 Summary:

BILL NOA05547
 
SAME ASSAME AS S00697
 
SPONSORBologna
 
COSPNSR
 
MLTSPNSR
 
Amd §3651, Ed L
 
Authorizes school districts to establish an extraordinary needs reserve fund for the expenses of providing special education.
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A05547 Text:



 
                STATE OF NEW YORK
        ________________________________________________________________________
 
                                          5547
 
                               2025-2026 Regular Sessions
 
                   IN ASSEMBLY
 
                                    February 14, 2025
                                       ___________
 
        Introduced  by M. of A. BOLOGNA -- read once and referred to the Commit-
          tee on Education
 
        AN ACT to amend the education law, in relation to the  establishment  of
          an extraordinary needs reserve fund
 
          The  People of the State of New York, represented in Senate and Assem-
        bly, do enact as follows:

     1    Section 1. Section 3651 of the education law is amended  by  adding  a
     2  new subdivision 1-c to read as follows:
     3    1-c.  Notwithstanding  the  provisions  of  subdivision  one  of  this
     4  section, any school district  may  establish  a  reserve  fund  for  the
     5  payment of unanticipated costs related to the instruction of students as
     6  defined in subparagraph one of paragraph i of subdivision one of section
     7  thirty-six  hundred two and pursuant to subdivision two of section thir-
     8  ty-two hundred four of this chapter incurred throughout the fiscal year.
     9    § 2. This act shall take effect on the first of July  next  succeeding
    10  the date on which it shall have become a law.
 
 
 
 
 
 
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD02824-01-5
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