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S06792 Summary:

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S06792 Committee Votes:

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S06792 Text:

 
                STATE OF NEW YORK
        ________________________________________________________________________
 
                                          6792
 
                               2017-2018 Regular Sessions
 
                    IN SENATE
 
                                      June 18, 2017
                                       ___________
 
        Introduced  by  Sen.  KLEIN  -- read twice and ordered printed, and when
          printed to be committed to the Committee on Rules
 
        AN ACT to amend the education law, in relation to the  establishment  of
          multi-year  cost  allowances for the Mount Vernon city school district
          and the Yonkers city 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 two new subparagraphs 7 and 8 to  read  as
     3  follows:
     4    (7)  Notwithstanding  any  other provision of law to the contrary, for
     5  the  purpose  of  computation  of  building  aid  for  up  to  four  new
     6  construction projects, authorized pursuant to a March seventh, two thou-
     7  sand  seventeen Mount Vernon city school district bond proposal approved
     8  by the voters or such district,  multi-year  cost  allowances  for  each
     9  project  shall  be established and utilized two times in the first five-
    10  year period.  Subsequent multi-year cost allowances shall be established
    11  no sooner than ten years after establishment of the first  maximum  cost
    12  allowance authorized pursuant to this subparagraph.
    13    (8)  Notwithstanding  any  other provision of law to the contrary, for
    14  the purpose of computation of building aid for  three  new  construction
    15  projects  and  for the equipping of such projects authorized pursuant to
    16  chapter three hundred fifty-five of the laws of  two  thousand  sixteen,
    17  multi-year  cost  allowances  for  each project shall be established and
    18  utilized two times in the first five-year period. Subsequent  multi-year
    19  cost  allowances  shall  be  established  no sooner than ten years after
    20  establishment of the first maximum cost allowance authorized pursuant to
    21  this subparagraph.
    22    § 2. This act shall take effect immediately.
 
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD13248-03-7