New York S04623 requires the Board of Regents to obtain legislative approval for any rule or regulation containing an unfunded mandate.

New York S04623 amends the education law to require the Board of Regents to obtain legislative approval for any rule or regulation containing an unfunded mandate. An unfunded mandate is defined as a rule or regulation that requires a school district to provide or undertake a new program, project, or activity resulting in a net additional cost, or a rule that would likely raise property taxes. The bill defines "net additional cost" as the cost incurred by a school district after subtracting any revenues received for the program, project, or activity. The amendment takes effect immediately.

New York S04623 requires the Board of Regents to obtain legislative approval for any rule or regulation containing an unfunded mandate.

New York S04623 amends the education law to require the Board of Regents to obtain legislative approval for any rule or regulation containing an unfunded mandate. An unfunded mandate is defined as a rule or regulation that requires a school district to provide or undertake a new program, project, or activity resulting in a net additional cost, or a rule that would likely raise property taxes. The bill defines "net additional cost" as the cost incurred by a school district after subtracting any revenues received for the program, project, or activity. The amendment takes effect immediately.