Loading chat...
NY A03560
Bill
Status
1/28/2025
Primary Sponsor
Brian Miller
Click for details
AI Summary
-
Makes the state liable for interest payments and ancillary expenses incurred by school districts when state aid payments are delayed due to the state's failure to adopt the aid to localities budget by April 1st of any fiscal year
-
Requires the governor to submit chapter amendments to the legislature within 30 days after late budget adoption, providing for additional reimbursement to affected school districts
-
Establishes that reimbursement payments will be made upon audit of vouchers certified by each school district's chief fiscal officer documenting the interest payments and ancillary expenses incurred
-
Amends the education law by adding a new section 3605 to create this reimbursement mechanism
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
1/7/2026