NY S07730

Authorizes component school districts to finance their share of board of cooperative educational services (BOCES) capital facilities costs through bond issuance or current funds, subject to voter approval.

Excludes a school district's share of BOCES capital local expenditures from the district's tax levy calculation under education law section 2023-a.

Eliminates the requirement for voter approval of BOCES capital bonds at the component district level, requiring only a majority vote of the board of education.

Specifies that BOCES capital bond resolutions take effect immediately and are not subject to mandatory or permissive referendums.

Removes the requirement for the commissioner of taxation and finance to promulgate rules for adjusting capital local expenditures for school districts' BOCES shares.