NY A09825

Exempts component school districts' shares of board of cooperative educational services (BOCES) capital expenditures from the school district's tax levy, subject to voter approval.

Defines "capital local expenditures" to include a school district's share of BOCES capital costs for facilities, equipment, debt service, and lease expenditures as authorized under education law.

Allows BOCES component school districts to adopt bond resolutions for their capital share with a majority board of education vote, without requiring separate voter approval or referendum.

Removes requirement for the Commissioner of Taxation and Finance to promulgate rules adjusting capital local expenditures for school district shares of BOCES capital expenditures.

Takes effect immediately, with amendments to section 2023-a expiring and being repealed when that section expires.