STATE OF NEW YORK
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3642
2015-2016 Regular Sessions
IN SENATE
February 13, 2015
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Introduced by Sen. FUNKE -- 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 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 subdivisions 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.
LBD06177-01-5
