Relates to the computation of building aid for the construction, reconstruction or modernizing of certain projects by the Binghamton City school district.
STATE OF NEW YORK
________________________________________________________________________
2307--A
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.
LBD03689-04-3
