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A02307 Summary:

Amd §3602, Ed L
Relates to the computation of building aid for the construction, reconstruction or modernizing of certain projects by the Binghamton City school district.
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A02307 Text:

                STATE OF NEW YORK
                               2023-2024 Regular Sessions
                   IN ASSEMBLY
                                    January 25, 2023
        Introduced  by M. of A. LUPARDO -- read once and referred to the Commit-
          tee on  Education  --  committee  discharged,  bill  amended,  ordered
          reprinted as amended and recommitted to said committee
        AN  ACT  to  amend  the education law, in relation to the computation of
          building  aid  for  construction,  reconstruction  or  modernizing  of
          projects for Binghamton City School District
          The  People of the State of New York, represented in Senate and Assem-
        bly, do enact as follows:
     1    Section 1. Subparagraph 9 of paragraph a of subdivision 6  of  section
     2  3602  of the education law, as added by chapter 617 of the laws of 2021,
     3  is renumbered subparagraph 10 and a new subparagraph 11 is added to read
     4  as follows:
     5    (11) Notwithstanding any other provision of law to the  contrary,  for
     6  the  purpose  of  computation  of  building aid for construction, recon-
     7  struction or modernizing of no more than one project by  the  Binghamton
     8  city  school  district, multi-year cost allowances for the project shall
     9  be established and utilized two times in  the  first  five-year  period.
    10  Subsequent  multi-year  cost  allowances  shall be established no sooner
    11  than ten years after establishment of the first maximum  cost  allowance
    12  authorized pursuant to this subparagraph.
    13    § 2. This act shall take effect immediately.
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
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