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NY S05806
Bill
Status
Vetoed
10/1/2010
Primary Sponsor
Catharine Young
Click for details
AI Summary
- Authorizes the education department to provide state capital construction aid to Randolph Academy union free school district for project 0002-005 using an aid ratio of 49 percent
- Designates project 0002-005 as an eligible building project under education law section 3602, subdivision 6-f, with approved expenditures treated as base year capital outlays
- Permits Randolph Academy union free school district to issue revenue anticipation notes during fiscal years beginning July 1, 2010, July 1, 2011, and July 1, 2012, in anticipation of state aid and other payments
- Limits revenue anticipation notes to an amount not exceeding the total cost of project 0002-005 as approved by the education department, with all notes and renewals expiring by June 30, 2013
- Takes effect immediately upon enactment
Legislative Description
Provides for the payment of capital construction aid by the education department to the Randolph Academy union free school district for a certain project; authorizes such school district to issue revenue anticipation notes in the interim.
Last Action
VETOED MEMO.6822
10/1/2010
Committee Referrals
Education6/30/2010
Rules6/29/2010
Finance4/20/2010
Education1/6/2010
Rules6/5/2009
Full Bill Text
No bill text available