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NY A07894
Bill
Status
7/19/2023
Primary Sponsor
Brian Miller
Click for details
AI Summary
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State becomes liable for interest payments and ancillary expenses incurred by school districts when state aid payments are delayed due to failure to adopt the aid to localities budget by April 1st during years when budget bills have not been adopted.
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Governor must prepare and submit chapter amendments to the aid to localities budget within 30 days after adoption of budget bills to provide reimbursement for all interest payments and ancillary expenses claimed by school districts.
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School districts must submit vouchers certified by their chief fiscal officer documenting the interest payments and ancillary expenses incurred to receive reimbursement upon audit.
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Act takes effect immediately upon enactment.
Legislative Description
Relates to providing additional reimbursement to school districts for expenses incurred for failure to receive timely payments of state aid, including expenses relating to interest payments and ancillary expenses incurred as a result of not having received aid in a timely manner.
Last Action
referred to education
1/3/2024