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A08644 Summary:

BILL NOA08644
 
SAME ASSAME AS S08064
 
SPONSORMagnarelli
 
COSPNSRHunter
 
MLTSPNSR
 
Amd 2576, Ed L
 
Authorizes certain school districts and their municipalities to sign a memorandum of understanding authorizing a one-time annual increase to the amount of school district expenditures funded by city funds to be excluded from the maintenance of effort calculation.
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A08644 Text:



 
                STATE OF NEW YORK
        ________________________________________________________________________
 
                                          8644
 
                               2025-2026 Regular Sessions
 
                   IN ASSEMBLY
 
                                      May 22, 2025
                                       ___________
 
        Introduced  by  M.  of  A.  MAGNARELLI  -- read once and referred to the
          Committee on Education
 
        AN ACT to amend the education law, in relation  to  authorizing  certain
          school  districts  and  their  municipalities  to authorize a one-time
          annual increase to the amount of school district  expenditures  funded
          by city funds to be excluded from certain calculations
 
          The  People of the State of New York, represented in Senate and Assem-
        bly, do enact as follows:
 
     1    Section 1. Paragraph b of subdivision  5-b  of  section  2576  of  the
     2  education law, as added by section 9 of part B of chapter 57 of the laws
     3  of 2007, is amended to read as follows:
     4    b. The city amount shall not be less than the city amount appropriated
     5  in  the  base  year determined at the time of adoption of the budget for
     6  the ensuing fiscal year, and shall not be  less  than  the  city  amount
     7  expended  in  the base year determined as of the end of the school year.
     8  Provided, however, in the event the total amount of  city  funds  relied
     9  upon to balance such budget is lower than the total amount of city funds
    10  appropriated  in the base year, as determined at the time of adoption of
    11  such budget, the city amount may be reduced by up to the same percentage
    12  as the overall percentage decrease in city funds between the  base  year
    13  and  the ensuing fiscal year. Notwithstanding any other provision of law
    14  to the contrary, a school district and such school district's respective
    15  municipality may sign a memorandum of understanding to authorize a  one-
    16  time  annual increase in the city amount to be excluded from the mainte-
    17  nance of effort calculation. Such memorandum of understanding  shall  be
    18  adopted  prior  to  the  appropriation  or transfer of such funds to the
    19  school district.
    20    § 2. This act shall take effect immediately.
 
 
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD13134-01-5
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