New York S00469 amends the education law to provide additional reimbursement to school districts for expenses incurred due to delayed state aid.

New York S00469 amends the education law by adding a new section 3605, which mandates that the state reimburse school districts for interest payments and ancillary expenses incurred when state aid payments are not received on time. This reimbursement applies when the state fails to adopt the aid to localities budget by April 1st in any fiscal year where budget bills have not been adopted. The reimbursement is to be paid upon the audit of vouchers certified by the school district's chief fiscal officer. This act takes effect immediately.

New York S00469 amends the education law to provide additional reimbursement to school districts for expenses incurred due to delayed state aid.

New York S00469 amends the education law by adding a new section 3605, which mandates that the state reimburse school districts for interest payments and ancillary expenses incurred when state aid payments are not received on time. This reimbursement applies when the state fails to adopt the aid to localities budget by April 1st in any fiscal year where budget bills have not been adopted. The reimbursement is to be paid upon the audit of vouchers certified by the school district's chief fiscal officer. This act takes effect immediately.