A05547 Summary:
BILL NO | A05547 |
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SAME AS | SAME AS S00697 |
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SPONSOR | Bologna |
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COSPNSR | Smullen, Bailey |
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MLTSPNSR | |
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Amd §3651, Ed L | |
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Authorizes school districts to establish an extraordinary needs reserve fund for the expenses of providing special education. |
A05547 Actions:
BILL NO | A05547 | |||||||||||||||||||||||||||||||||||||||||||||||||
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02/14/2025 | referred to education | |||||||||||||||||||||||||||||||||||||||||||||||||
05/20/2025 | held for consideration in education |
A05547 Memo:
Go to topNEW YORK STATE ASSEMBLY
MEMORANDUM IN SUPPORT OF LEGISLATION
submitted in accordance with Assembly Rule III, Sec 1(f)   BILL NUMBER: A5547 SPONSOR: Bologna
  TITLE OF BILL: An act to amend the education law, in relation to the establishment of an extraordinary needs reserve fund   PURPOSE OR GENERAL IDEA OF BILL: This legislation affords school districts the ability to establish an extraordinary needs reserve fund for the expenses of providing special education.   SUMMARY OF SPECIFIC PROVISIONS: Section 1. Amends Section 3651 of the education law by adding anew section 1-c, authorizing that any school district may establish a reserve fund for the payment of unanticipated costs related to the instruction of students as defined in subparagraph one of paragraph I of subdivision one of section thirty-six hundred two and pursUant to subdi- vision two of section thirty-two hundred four of this chapter incurred throughout the fiscal year. Section two established the effective date.   JUSTIFICATION: School districts face a financial burden when educating high-need students, whose costs are greater than four times the cost of an average pupil with a disability. Moreover, when high-need students enroll during the school year, districts are faced with an unanticipated increase in costs, for which they were not able• to budget for. These unanticipated costs are particularly impactful on small school district budgets. Permitting school districts to establish such a reserve fund would provide a cushion for these unforeseen expenditures to ensure adequate resources are available for educating students.   PRIOR LEGISLATIVE HISTORY: New bill.   FISCAL IMPLICATIONS: None.   EFFECTIVE DATE: This act shall take effect on the first of July next succeeding the date on which it shall have become law.