Bill Text: NY S01961 | 2019-2020 | General Assembly | Introduced
Bill Title: Authorizes school districts to establish a reserve fund to cover the costs and expenses of providing special education programs.
Spectrum: Partisan Bill (Republican 2-0)
Status: (Introduced - Dead) 2020-01-08 - REFERRED TO EDUCATION [S01961 Detail]
Download: New_York-2019-S01961-Introduced.html
STATE OF NEW YORK ________________________________________________________________________ 1961 2019-2020 Regular Sessions IN SENATE January 18, 2019 ___________ Introduced by Sen. LITTLE -- 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 authorizing school districts to establish reserve funds for the payment of the costs and expenses of programs of special education 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 two 2 new subdivisions 1-c and 3-b to read as follows: 3 1-c. Notwithstanding the provisions of subdivision one of this 4 section, any school district may establish a reserve fund for the 5 payments of the costs and expenses of providing programs of special 6 education pursuant to article eighty-nine of this chapter, without 7 approval by the qualified voters of the district, provided, however, 8 that the total of the monies held in such reserve fund shall not exceed 9 that amount which might reasonably be deemed necessary to meet antic- 10 ipated costs and expenses of providing programs of special education for 11 which the state has not provided financial assistance. Any monies depos- 12 ited to such reserve fund which are not expended for the payment of the 13 costs and expenses of providing programs of special education during the 14 school year and/or which will not reasonably be required to pay any such 15 costs and expenses shall be returned to the general fund. 16 3-b. Notwithstanding the provisions of subdivision three of this 17 section, any school district which establishes a reserve fund in accord- 18 ance with subdivision one-c of this section may make expenditures from 19 such fund for the purposes specified in such subdivision without author- 20 ization of the voters. 21 § 2. This act shall take effect immediately. EXPLANATION--Matter in italics (underscored) is new; matter in brackets [] is old law to be omitted. LBD00323-01-9
