New York S 1636: Authorizes the city school district of the city of Salamanca to establish a reserve fund for federal impact aid in the event such aid is reduced

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S01636 Summary:

BILL NOS01636 

&nbsp

SAME ASSAME AS A05591

&nbsp

SPONSORBORRELLO

&nbsp

COSPNSR

&nbsp

MLTSPNSR

&nbsp

&nbsp

Authorizes the city school district of the city of Salamanca to establish a reserve fund for federal impact aid in the event such aid is reduced.

Go to top S01636 Actions:

BILL NOS01636 

&nbsp

01/13/2025REFERRED TO EDUCATION

05/28/20251ST REPORT CAL.1400

05/29/20252ND REPORT CAL.

06/04/2025ADVANCED TO THIRD READING 

06/05/2025PASSED SENATE

06/05/2025DELIVERED TO ASSEMBLY

06/05/2025referred to education

01/07/2026died in assembly

01/07/2026returned to senate

01/07/2026REFERRED TO EDUCATION

03/17/20261ST REPORT CAL.537

03/18/20262ND REPORT CAL.

03/19/2026ADVANCED TO THIRD READING 

05/05/2026PASSED SENATE

05/05/2026DELIVERED TO ASSEMBLY

05/05/2026referred to education

Go to topS01636 Committee&nbspVotes:

Go to topS01636 Floor&nbspVotes:

There are no Assembly votes for this bill in this legislative session.

Go to topS01636 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 1636

 2025-2026 Regular Sessions

 IN SENATE

 January 13, 2025
 ___________

 Introduced by Sen. BORRELLO -- read twice and ordered printed, and when
 printed to be committed to the Committee on Education

 AN ACT to authorize the board of education of the Salamanca city school
 district to establish a federal impact aid reserve fund in the event
 federal impact aid is reduced

 The People of the State of New York, represented in Senate and Assem-
 bly, do enact as follows:

 1 Section 1. Legislative findings. The legislature hereby finds that
 2 since certain lands are designated as exempt from taxation, specifically
 3 the Allegany Territory of the Seneca Nation of Indians which is within
 4 the Salamanca city school district, the Salamanca city school district
 5 receives federal impact aid for support of services to students.
 6 Responsible fiscal planning requires establishment of a federal impact
 7 reserve fund for the purpose of stabilizing the tax levy while maintain-
 8 ing educational programming and services, in the event that such aid is
 9 no longer provided to such district.
 10 § 2. Definitions. As used in this act:
 11 (a) "Board of education" or "board" means the board of education of
 12 the district.
 13 (b) "Federal impact aid reserve fund" or "fund" means the district
 14 federal impact aid reserve fund established pursuant to this act in the
 15 event of reduction or loss of federal impact aid.
 16 (c) "School district" or "district" means the Salamanca city school
 17 district.
 18 § 3. The board of education is hereby authorized to establish a feder-
 19 al impact aid reserve fund for the purpose of tax stabilization in the
 20 event federal impact aid is reduced provided that the amount of such
 21 reserve shall not exceed five million dollars ($5,000,000); provided,
 22 however, that no such fund shall be established unless approved by a
 23 majority vote of the voters of the district present and voting on a
 24 separate ballot proposition therefor at either a special district meet-

 EXPLANATION--Matter in italics (underscored) is new; matter in brackets
 [ ] is old law to be omitted.
 LBD04910-01-5

 S. 1636 2

 1 ing which the board of education may call for such purpose or at the
 2 annual district meeting and election, to be noticed and conducted in
 3 either case in accordance with article 41 of the education law. Such
 4 separate proposition shall set forth the maximum allowable balance to be
 5 deposited and held in the federal impact aid reserve fund. Moneys shall
 6 be paid into and withdrawn from the fund and the fund shall be adminis-
 7 tered as follows:
 8 (a) the board of education is hereby authorized to make payments into
 9 the federal impact aid reserve fund with funds from any unassigned fund
 10 balance which accrued prior to the establishment of the federal impact
 11 aid reserve fund in an amount not to exceed the balance over any maximum
 12 allowable balance in such unassigned fund balance and from any reserve
 13 funds authorized or required by law in amounts which the board of educa-
 14 tion shall determine are not reasonably necessary for the purpose of
 15 such fund or funds and which accrued prior to the federal impact aid
 16 reserve fund pr