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A05312 Summary:

BILL NOA05312
 
SAME ASSAME AS S04834
 
SPONSORGiglio JM
 
COSPNSR
 
MLTSPNSR
 
Amd §3641, Ed L
 
Provides a $500,000 supplemental valuation impact grant to the West Valley central school district during the 2023--2024 school year.
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A05312 Actions:

BILL NOA05312
 
03/07/2023referred to education
01/03/2024referred to education
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A05312 Text:



 
                STATE OF NEW YORK
        ________________________________________________________________________
 
                                          5312
 
                               2023-2024 Regular Sessions
 
                   IN ASSEMBLY
 
                                      March 7, 2023
                                       ___________
 
        Introduced  by  M.  of  A. J. M. GIGLIO -- read once and referred to the
          Committee on Education
 
        AN ACT to amend the education law, in relation to  providing  a  supple-
          mental  valuation  impact  grant  to  the  West  Valley central school
          district
 
          The People of the State of New York, represented in Senate and  Assem-
        bly, do enact as follows:
 
     1    Section  1.    Subdivision  3 of section 3641 of the education law, as
     2  added by section 29-a of part B of chapter 57 of the laws of 2008, para-
     3  graph a as amended by section 31 of part A of chapter 57 of the laws  of
     4  2009, is amended to read as follows:
     5    3. Supplemental valuation impact grants.  a. In addition to apportion-
     6  ments otherwise provided by section thirty-six hundred two of this arti-
     7  cle, for aid payable in the two thousand [eight] twenty-three--two thou-
     8  sand  [nine  and two thousand nine--two thousand ten] twenty-four school
     9  [years] year, the [amounts] amount specified in [paragraphs] paragraph c
    10  [and d] of this subdivision shall be paid for the purpose  of  providing
    11  additional funding for a school [districts] district which [have experi-
    12  enced a significant financial hardship caused by an extraordinary change
    13  in  the  taxable property valuation or extraordinary judgments resulting
    14  from tax certiorari proceedings] has more than eighty-three  percent  of
    15  its real property classified as tax exempt.
    16    b.  The purpose of this subdivision is to provide financial assistance
    17  to a school [districts] district which [have experienced  a  significant
    18  reduction  in  the taxable full value of the school district or extraor-
    19  dinary tax certiorari judgments] has more than eighty-three  percent  of
    20  its  real property classified as tax exempt.  The legislature finds that
    21  a school [districts for which a judgment was made resulting from  a  tax
    22  certiorari  proceeding  which  is  larger  than  the total budget of the
    23  school district for school year two thousand seven--two  thousand  eight
    24  or  for  school  districts] district which [have observed a reduction of

         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD09590-01-3

        A. 5312                             2

     1  taxable real property of more than seventy-five percent  between  school
     2  year  two  thousand  five--two thousand six and school year two thousand
     3  eight--two thousand nine] has more than eighty-three percent of its real
     4  property  classified as tax exempt during school year two thousand twen-
     5  ty-three--two thousand twenty-four may benefit from temporary additional
     6  assistance.
     7    c. To the [Barker central school district, there  shall  be  paid  one
     8  million three hundred thousand dollars ($1,300,000). Such grant shall be
     9  payable  to  the  Barker  central school district in accordance with the
    10  payment schedules contained in section thirty-six hundred nine-a of this
    11  article, notwithstanding any provision of law to the contrary.
    12    d. To the Haverstraw-Stony Point central school district, there  shall
    13  be  paid  two  million  five hundred thousand dollars ($2,500,000). Such
    14  grant shall be payable to  the  Haverstraw-Stony  Point  central  school
    15  district  in  accordance with the payment schedules contained in section
    16  thirty-six hundred nine-a of this article, notwithstanding any provision
    17  of law to the contrary] West Valley central school district, there shall
    18  be paid five hundred thousand dollars ($500,000). Such  grant  shall  be
    19  payable  to  the  West Valley central school district in accordance with
    20  the payment schedules contained in section thirty-six hundred nine-a  of
    21  this article, notwithstanding any provision of law to the contrary.
    22    § 2. This act shall take effect immediately.
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