Bill Text: NY S07906 | 2019-2020 | General Assembly | Introduced
Bill Title: Authorizes school districts to establish an extraordinary needs reserve fund.
Spectrum: Partisan Bill (Democrat 1-0)
Status: (Introduced - Dead) 2020-03-02 - REFERRED TO EDUCATION [S07906 Detail]
Download: New_York-2019-S07906-Introduced.html
STATE OF NEW YORK ________________________________________________________________________ 7906 IN SENATE March 2, 2020 ___________ Introduced by Sen. MARTINEZ -- 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 an extraordinary needs reserve fund 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 a reserve fund for the 5 payment of unanticipated costs related to the instruction of students 6 with disabilities as defined in section forty-four hundred one of this 7 chapter incurred during the fiscal year, without approval by the quali- 8 fied voters of the district, provided, however, that the total of the 9 monies held in such reserve fund shall not exceed that amount which 10 might be reasonably deemed necessary for the payment of such unantic- 11 ipated costs. 12 § 2. This act shall take effect on the first of July next succeeding 13 the date on which it shall have become a law. EXPLANATION--Matter in italics (underscored) is new; matter in brackets [] is old law to be omitted. LBD05229-01-9
