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NY A10123
Bill
Status
5/6/2024
Primary Sponsor
Edward Ra
Click for details
AI Summary
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Allows school districts to establish a reserve fund for unanticipated pupil transportation costs exceeding state-apportioned public funds.
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Requires approval from a majority of qualified voters through a proposition at a regular or special school district meeting, or at a special election if the district does not hold such meetings.
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Permits school districts with approved reserve funds to make expenditures without requiring additional voter authorization.
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Authorizes voters to transfer funds between reserve funds established under this provision or under Article 2 of the General Municipal Law.
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Takes effect immediately upon enactment.
Legislative Description
Provides that any school district may establish a reserve fund for the payment of unanticipated costs related to pupil transportation in excess of public funds apportioned to districts for such purposes.
Last Action
referred to education
5/6/2024