Bill Text: NY S06073 | 2025-2026 | General Assembly | Introduced

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Bill Title: Establishes an energy reserve fund for school districts and boards of cooperative educational services.

Spectrum: Bipartisan Bill

Status: (Introduced) 2025-03-05 - REFERRED TO EDUCATION [S06073 Detail]

Download: New_York-2025-S06073-Introduced.html

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                STATE OF NEW YORK
        ________________________________________________________________________

                                          6073

                               2025-2026 Regular Sessions

                    IN SENATE

                                      March 5, 2025
                                       ___________

        Introduced  by  Sens.  PARKER, GALLIVAN, HARCKHAM, PALUMBO -- 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.
                                                                   LBD10582-01-5