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NY S08003

Bill

Official Source

Status

Introduced

5/15/2025

Primary Sponsor

Shelley Mayer

Click for details

Origin

Senate

2025-2026 General Assembly

AI Summary

  • Extends the maximum lease term for zero-emission school buses from 8 years to 12 years when authorized by a vote of qualified district voters
  • Applies to leases by school district trustees, boards of trustees, and boards of education for student transportation vehicles
  • Adjusts state transportation aid calculations so that when a district enters into a lease longer than 8 years, the assumed amortization period for aid purposes matches the actual lease length
  • Standard motor vehicle leases remain limited to 5 years maximum with voter approval, or 1 year without voter approval
  • Takes effect on the same date as Chapter 563 of the Laws of 2024

Legislative Description

Relates to lease terms for zero-emission school buses; permits leases of up to 12 years.

Last Action

REFERRED TO EDUCATION

1/7/2026

Committee Referrals

Education1/7/2026
Finance5/28/2025
Education5/15/2025

Full Bill Text

No bill text available