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NY S08758
Bill
Status
3/7/2024
Primary Sponsor
John Liu
Click for details
AI Summary
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Changes charter school facilities reimbursement from "actual" rental costs to "reasonable" rental costs for expansions and new schools in cities with populations over one million.
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Defines "reasonable rental cost" as a rental amount that is reasonable, appropriate, and comparable to similar facilities in the same location, not exceeding the charter school's actual rental cost incurred.
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Specifies that reasonable rental costs apply only to physical facilities actually used by the charter school during the full lease or sublease term and exclude construction or renovation costs.
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Maintains the cap of 30 percent of the charter school's basic tuition multiplied by current year enrollment (for new schools) or enrollment increase (for expanding schools).
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Takes effect immediately upon enactment.
Legislative Description
Limits the reimbursement rate paid by the city school district to a charter school for charter school facilities expansion in a city school district located in a city having a population of one million or more inhabitants by changing "actual rental costs" to "reasonable rental costs"; defines "reasonable rental costs".
Last Action
REFERRED TO NEW YORK CITY EDUCATION
3/7/2024