S 469: Relates to providing additional reimbursement to school districts for expenses incurred for failure to receive timely payments of state aid, including expenses relating to interest payments and ancillary expenses incurred as a result of not having received aid in a timely manner.

  
  STATE OF NEW YORK ________________________________________________________________________ 469 2025-2026 Regular Sessions  IN SENATE (Prefiled) January 8, 2025 ___________ Introduced by Sen. TEDISCO -- 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 providing additional reimbursement to school districts for expenses incurred for failure to receive timely payments of state aid The People of the State of New York, represented in Senate and Assem- bly, do enact as follows: 1 Section 1. The education law is amended by adding a new section 3605 2 to read as follows: 3 § 3605. Additional state reimbursement to school districts. 1. 4 Notwithstanding any inconsistent provision of law, the state shall be 5 liable for any interest payments or ancillary expenses incurred by a 6 school district as a result of the school district not having received 7 timely payments of state aid due to a failure by the state to adopt the 8 aid to localities budget by April first in any fiscal year during which 9 budget bills as defined by article seven of the constitution of the 10 state of New York have not been adopted. 11 2. Within thirty days after the adoption of such budget bills the 12 governor shall prepare and submit to the legislature chapter amendments 13 to the aid to localities budget providing for additional reimbursement 14 to repay school districts for any and all interest payments or ancillary 15 expenses referenced in subdivision one of this section. 16 3. Such reimbursement moneys shall be paid upon the audit of vouchers 17 certified by the chief fiscal officer for the school district demanding 18 reimbursement for the interest payments and ancillary expenses incurred 19 by such 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. LBD01837-01-5