STATE OF NEW YORK
________________________________________________________________________
961
2009-2010 Regular Sessions
IN ASSEMBLY(Prefiled)
January 7, 2009
___________
Introduced by M. of A. CAHILL -- read once and referred to the Committee
on Education
AN ACT to amend the education law, in relation to establishing an energy
reserve fund for school districts and boards of cooperative educa-
tional services
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 an energy reserve fund for
5 the payment of energy costs, without approval by the qualified voters of
6 the district. Any monies deposited to such energy reserve fund which are
7 not expended for the payment of energy costs in the fiscal year that the
8 funds are deposited in the energy reserve fund may be either transferred
9 to another reserve fund or applied to the appropriations of the next
10 succeeding fiscal year's budget.
11 § 2. Subdivision 3-a of section 3651 of the education law, as added by
12 chapter 588 of the laws of 1988, is amended to read as follows:
13 3-a. Notwithstanding the provisions of subdivision three of this
14 section, any school district which establishes a reserve fund in accord-
15 ance with subdivision one-a or one-c of this section may make expendi-
16 tures from such fund for the purposes specified in such subdivision
17 without authorization of the voters.
18 § 3. This act shall take effect immediately.
EXPLANATION--Matter in italics (underscored) is new; matter in brackets
[] is old law to be omitted.
LBD00657-01-9
