New York State Assembly

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A05312 Summary:

BILL NO	A05312A
SAME AS	No same as
SPONSOR	McDonough
COSPNSR
MLTSPNSR
Amd S3651, Ed L
Authorizes school districts to expend any excess funds in its employee benefit accrued liability reserve fund for certain purposes.

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A05312 Actions:

BILL NO	A05312A
02/15/2011	referred to education
03/15/2011	amend (t) and recommit to education
03/15/2011	print number 5312a
01/04/2012	referred to education
04/26/2012	held for consideration in education

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A05312 Floor Votes:

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A05312 Text:

 
                STATE OF NEW YORK
        ________________________________________________________________________
 
                                         5312--A
 
                               2011-2012 Regular Sessions
 
                   IN ASSEMBLY
 
                                    February 15, 2011
                                       ___________
 
        Introduced  by  M.  of  A.  McDONOUGH  --  read once and referred to the
          Committee on Education -- committee discharged, bill amended,  ordered
          reprinted as amended and recommitted to said committee
 
        AN  ACT  to  amend  the education law, in relation to authorizing school
          districts to expend any excess funds in their employee benefit accrued

          liability reserve funds for certain purposes
 
          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 10 to read as follows:
     3    10. Notwithstanding the provisions of any other  subdivision  of  this
     4  section, a school district is authorized to transfer any excess funds in
     5  its  employee  benefit  accrued liability reserve to the general fund of
     6  the school district to be expended for taxpayer relief.
     7    § 2. This act shall take effect immediately.
 
 
 
 
 
 
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.

                                                                   LBD09469-02-1

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