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NY A07869

Bill

Official Source

Status

Introduced

4/27/2009

Primary Sponsor

Thomas O'Mara

Click for details

Origin

Assembly

2009-2010 General Assembly

AI Summary

  • Authorizes the Horseheads central school district to use excess employee benefit accrued liability reserve (EBALR) funds identified in a state comptroller audit covering July 1, 2002 through June 30, 2007
  • Permits the district to use excess EBALR funds to retire short-term and long-term debt
  • Permits the district to use excess EBALR funds to pay one-time non-recurring expenses
  • Permits the district to establish a tax rebate program to return excess EBALR funds to district taxpayers
  • Takes effect immediately upon enactment

Legislative Description

Authorizes the Horseheads central school district to use excess employee benefit accrued liability reserve funds for certain purposes.

Last Action

held for consideration in education

6/16/2010

Committee Referrals

Education4/27/2009

Full Bill Text

No bill text available