New York A 6809: Relates to repair reserve funds for municipal corporations, school districts, board of cooperative educational services, district corporations and improvement districts

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A06809 Summary:

BILL NOA06809 

&nbsp

SAME ASNo Same As

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SPONSORGriffin

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COSPNSR

&nbsp

MLTSPNSR

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Amd §6-d, Gen Muni L; amd §1950, Ed L

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Relates to repair reserve funds for municipal corporations, school districts, boards of cooperative educational services, district corporations and improvement districts.

Go to top A06809 Actions:

BILL NOA06809 

&nbsp

03/14/2025referred to education

01/07/2026referred to education

Go to topA06809 Committee&nbspVotes:

Go to topA06809 Floor&nbspVotes:

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

Go to topA06809 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 6809

 2025-2026 Regular Sessions

 IN ASSEMBLY

 March 14, 2025
 ___________

 Introduced by M. of A. GRIFFIN -- read once and referred to the Commit-
 tee on Education

 AN ACT to amend the general municipal law and the education law, in
 relation to the repair reserve funds for municipal corporations,
 school districts, boards of cooperative educational services, district
 corporations and improvement districts

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

 1 Section 1. Section 6-d of the general municipal law, as added by chap-
 2 ter 383 of the laws of 1950, the section heading and subdivisions 5 and
 3 6 as amended by chapter 693 of the laws of 1952, subdivision 1 as
 4 amended by chapter 828 of the laws of 1961, subdivision 2 as amended by
 5 chapter 740 of the laws of 1957, paragraph b of subdivision 3 and subdi-
 6 vision 4 as amended by chapter 140 of the laws of 1996 and subdivision 7
 7 as amended by chapter 424 of the laws of 2001, is amended to read as
 8 follows:
 9 § 6-d. Repair reserve funds for municipal corporations, school
 10 districts, boards of cooperative educational services, district corpo-
 11 rations and improvement districts. 1. The governing board of any munici-
 12 pal corporation, school district, board of cooperative educational
 13 services, district corporation, or town or county improvement district,
 14 may establish a special fund which shall be known as the repair reserve
 15 fund of such municipal corporation, school district, board of cooper-
 16 ative educational services, district corporation or improvement
 17 district. There may be paid into such fund an amount as may be provided
 18 therefor by budgetary appropriation or such revenues as are not required
 19 by law to be paid into any other fund or account.
 20 2. In cases of emergency, moneys in such fund may be expended pursuant
 21 to a resolution approved by not less than two-thirds of the members of
 22 the governing body of such municipal corporation, school district, board
 23 of cooperative educational services, district corporation or improvement

 EXPLANATION--Matter in italics (underscored) is new; matter in brackets
 [ ] is old law to be omitted.
 LBD08477-01-5

 A. 6809 2

 1 district providing that not less than one-half of the moneys so expended
 2 shall be repaid in the fiscal year immediately following the fiscal year
 3 in which such moneys were expended and the total amount shall be repaid
 4 not later than the last day of the second fiscal year succeeding the
 5 fiscal year in which the moneys were expended.
 6 Prior to the adoption of any other resolution, act, ordinance or local
 7 law by the governing board of such municipal corporation, school
 8 district, board of cooperative educational services, district corpo-
 9 ration or improvement district, appropriating money from such fund, the
 10 governing board shall cause to be published in the official newspaper or
 11 newspapers, if any, or otherwise in a newspaper or newspapers designated
 12 for such purpose, a notice stating in substance that it is proposed to
 13 appropriate a specified amount from the repair reserve fund for a
 14 particular purpose, and that a public hearing on such proposed appropri-
 15 ation will be held at a time and place stated therein. At least five
 16 days shall elapse between the publication of such notice and the date
 17 specified for the hearing. The hearing shall be held at the time and
 18 place so specified.
 19 3. Moneys in such fund may be appropriated only:
 20 a. For repairs of capital improve