S 10382 NY
Authorizes capital reserve funds for special act school districts
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Summary
This bill authorizes special act school districts to establish capital reserve funds for future capital needs. Funds retained in capital reserve accounts may only be expended with authorization from the governing boards of such school districts. School districts must provide annual reports regarding the capital reserve funds. The bill takes effect on a date to be determined.
AI-generated plain-language summary of the bill (from the OpenStates abstract — no full text available yet) — neutral, and may be imperfect.
Official abstract
Authorizes capital reserve funds for special act school districts; provides that funds retained in this way can only be expended pursuant to an authorization by governing boards of such schools; provides that annual reports must be provided.
Sponsor (1)
- Shelley Mayer Democratic · primary
1 coauthor / cosponsor
- Robert Rolison Republican · cosponsor
Action history (1)
- May 15, 2026 REFERRED TO EDUCATION · upper
Full text
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