New York S 10378: Authorizes fiscal reserve funds for institutions providing instruction to the deaf and blind

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S10378 Summary:

BILL NOS10378 

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SAME ASNo Same As

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SPONSORMAYER

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COSPNSRROLISON

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MLTSPNSR

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Amd §4204-b, Ed L

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Authorizes fiscal reserve funds for institutions providing instruction to the deaf and blind beginning in the 2026-2027 school year; provides that an annual report shall be provided to the department by any institution that retains such funds.

Go to top S10378 Actions:

BILL NOS10378 

&nbsp

05/15/2026REFERRED TO EDUCATION

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Go to topS10378 Floor&nbspVotes:

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

Go to topS10378 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 10378

 IN SENATE

 May 15, 2026
 ___________

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

 AN ACT to amend the education law, in relation to authorizing fiscal
 reserve funds for institutions providing instruction to the deaf and
 blind

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

 1 Section 1. Section 4204-b of the education law is amended by adding a
 2 new subdivision 5 to read as follows:
 3 5. For the two thousand twenty-six--two thousand twenty-seven school
 4 year and thereafter, an institution subject to this article shall be
 5 authorized to retain funds in excess of their allowable and reimbursable
 6 costs incurred for services and programs to students appointed. The
 7 amount of funds that may be annually retained shall not exceed one
 8 percent of the institution's total allowable and reimbursable costs for
 9 services and programs provided to students for the school year from
 10 which the funds are to be retained, provided that the total accumulated
 11 balance that may be retained shall not exceed four percent of such total
 12 costs for such school year and provided, further, that such funds shall
 13 not be recoverable on reconciliation, such funds shall be carried
 14 forward as total reimbursable costs for purposes of calculating subse-
 15 quent year prospective and reconciliation tuition rates and such funds
 16 shall be separate from and in addition to any other authorization to
 17 retain surplus funds on reconciliation. Funds shall be expended only
 18 pursuant to an authorization of the governing board of the institution
 19 for a purpose expressly authorized as part of allowable costs for the
 20 year in which the funds are to be expended, provided that funds may be
 21 expended to pay prior year outstanding debts. Any institution that
 22 retains funds pursuant to this subdivision shall be required to annually
 23 report a statement of the total balance of such retained funds, the
 24 amount, if any, retained in the prior school year, the amount, if any,
 25 dispersed in the prior school year, and the financial reports that are
 26 required to be annually submitted to the department.
 27 § 2. This act shall take effect immediately.

 EXPLANATION--Matter in italics (underscored) is new; matter in brackets
 [ ] is old law to be omitted.
 LBD15829-01-6

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