New York S06622 allows school districts to create reserve funds for special services or programs, up to 10% of other reserve funds, with board of.
New York S06622 amends the education law to authorize school districts to establish reserve funds for special services or programs. This fund can be created upon approval by the board of education and must not exceed 10% of other reserve funds held by the district. The board of education can make expenditures from this reserve fund without voter authorization. The act takes effect immediately upon enactment.
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