Relates to the computation of building aid for the Arlington central school district; authorizes multi-year cost allowances to be established and used three times in a five-year period for construction, reconstruction or modernizing of one project by the Arlington central school district.
STATE OF NEW YORK
________________________________________________________________________
9477
IN SENATE
March 17, 2026
___________
Introduced by Sen. HINCHEY -- read twice and ordered printed, and when
printed to be committed to the Committee on Education
AN ACT to amend the education law, in relation to the computation of
building aid for the Arlington 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 Arlington
6 central school district, multi-year cost allowances for the project
7 shall be established and utilized three times in the first five-year
8 period. Subsequent multi-year cost allowances shall be established no
9 sooner than fifteen 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.
LBD14166-02-5
