New York A02488 amends the education law to adjust the apportionment of moneys for capital outlays and debt service for school building purposes.

New York A02488, known as the "rebuild our schools act," amends the education law to adjust the apportionment of moneys for capital outlays and debt service for school building purposes. It modifies the building aid ratios for high-need school districts, particularly those with a population between 940,000 and 1,000,000. The act specifies that school building projects eligible for aid must address capacity shortages of at least ten percent of the district's calculated capacity. The changes take effect immediately.

New York A02488 amends the education law to adjust the apportionment of moneys for capital outlays and debt service for school building purposes.

New York A02488, known as the "rebuild our schools act," amends the education law to adjust the apportionment of moneys for capital outlays and debt service for school building purposes. It modifies the building aid ratios for high-need school districts, particularly those with a population between 940,000 and 1,000,000. The act specifies that school building projects eligible for aid must address capacity shortages of at least ten percent of the district's calculated capacity. The changes take effect immediately.