S 697: Authorizes school districts to establish an extraordinary needs reserve fund for the expenses of providing special education.

  
  STATE OF NEW YORK ________________________________________________________________________ 697 2025-2026 Regular Sessions  IN SENATE (Prefiled) January 8, 2025 ___________ Introduced by Sens. GALLIVAN, BORRELLO, HELMING -- 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 the establishment of an extraordinary needs reserve fund The People of the State of New York, represented in Senate and Assem- bly, do enact as follows: 1 Section 1. Section 3651 of the education law is amended by adding a 2 new subdivision 1-c to read as follows: 3 1-c. Notwithstanding the provisions of subdivision one of this 4 section, any school district may establish a reserve fund for the 5 payment of unanticipated costs related to the instruction of students as 6 defined in subparagraph one of paragraph i of subdivision one of section 7 thirty-six hundred two and pursuant to subdivision two of section thir- 8 ty-two hundred four of this chapter incurred throughout the fiscal year. 9 § 2. This act shall take effect on the first of July next succeeding 10 the date on which it shall have become a law. EXPLANATION--Matter in italics (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD02824-01-5