Bill Text: NY A03560 | 2025-2026 | General Assembly | Introduced

New York Assembly Bill 3560

Introduced

Bill Title: Relates to providing additional reimbursement to school districts for expenses incurred for failure to receive timely payments of state aid, including expenses relating to interest payments and ancillary expenses incurred as a result of not having received aid in a timely manner.

Spectrum: Partisan Bill (Republican 1-0)

Status: (Introduced) 2025-01-28 - referred to education [A03560 Detail]

Download: New_York-2025-A03560-Introduced.html




                STATE OF NEW YORK
        ________________________________________________________________________

                                          3560

                               2025-2026 Regular Sessions

                   IN ASSEMBLY

                                    January 28, 2025
                                       ___________

        Introduced by M. of A. MILLER -- read once and referred to the Committee
          on Education

        AN  ACT  to amend the education law, in relation to providing additional
          reimbursement to school districts for expenses incurred for failure to
          receive timely payments of state aid

          The People of the State of New York, represented in Senate and  Assem-
        bly, do enact as follows:

     1    Section  1.  The education law is amended by adding a new section 3605
     2  to read as follows:
     3    §  3605.  Additional  state  reimbursement  to  school  districts.  1.
     4  Notwithstanding  any  inconsistent  provision of law, the state shall be
     5  liable for any interest payments or ancillary  expenses  incurred  by  a
     6  school  district  as a result of the school district not having received
     7  timely payments of state aid due to a failure by the state to adopt  the
     8  aid  to localities budget by April first in any fiscal year during which
     9  budget bills as defined by article seven  of  the  constitution  of  the
    10  state of New York have not been adopted.
    11    2.  Within  thirty  days  after  the adoption of such budget bills the
    12  governor shall prepare and submit to the legislature chapter  amendments
    13  to  the  aid to localities budget providing for additional reimbursement
    14  to repay school districts for any and all interest payments or ancillary
    15  expenses referenced in subdivision one of this section.
    16    3. Such reimbursement moneys shall be paid upon the audit of  vouchers
    17  certified  by the chief fiscal officer for the school district demanding
    18  reimbursement for the interest payments and ancillary expenses  incurred
    19  by such school district.
    20    § 2. This act shall take effect immediately.


         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD01837-01-5