NY Educ L § 3609-D (2021)
2021 New York Laws EDN - Education Title 5 - Taxation and Financial Administration Article 73 - Apportionment of Public Moneys Part 1 - General Provisions 3609-D - Moneys Apportioned for Board of Cooperative Educational Services Aidable Expenditures When and How Payable Commencing July First, Two Thousand Four.

§  3609-d.  Moneys  apportioned  for  board of cooperative educational   services aidable expenditures  when  and  how  payable  commencing  July   first,  two  thousand  four.  Notwithstanding  the provisions of section   thirty-six  hundred  nine-a  of  this  article,  apportionments  payable   pursuant to section nineteen hundred fifty of this chapter shall be paid   pursuant  to this section. For aid payable in the two thousand four--two   thousand five school year and  thereafter,  "moneys  apportioned"  shall   mean  the lesser of (i) one hundred percent of the respective amount set   forth for each school district as payable pursuant to  this  section  in   the  school aid computer listing produced by the commissioner in support   of the budget including the  appropriation  for  support  of  boards  of   cooperative  educational  services for payments due prior to April first   for the current year,  or  (ii)  the  apportionment  calculated  by  the   commissioner based on data on file at the time the payment is processed;   provided however, that for the purposes of any payment to be made in the   month of June of two thousand six such calculation shall be based on the   school  aid  computer listing for the current year using updated data at   the time of each payment. For districts subject to chapter five  hundred   sixty-three  of  the laws of nineteen hundred eighty, thirty-six hundred   two-b, or two thousand forty of this chapter, for aid payable in the two   thousand four--two thousand five school  year  and  thereafter,  "moneys   apportioned" shall mean the apportionment calculated by the commissioner   based  on data on file at the time the payment is processed. The "school   aid computer listing for the current year" shall be as  defined  in  the   opening  paragraph of section thirty-six hundred nine-a of this article.   The  definitions  "base  year"  and  "current  year"  as  set  forth  in   subdivision  one of section thirty-six hundred two of this article shall   apply to this section.1. Prescribed payments.  Of  the  moneys  to  be  apportioned  by  the   commissioner  to  school  districts during the school year, that portion   payable pursuant to section nineteen hundred fifty of this chapter shall   be used in the first instance to make payments on behalf  of  boards  of   cooperative  educational  services to the teachers' retirement system in   the same manner as payments made on behalf of school districts  pursuant   to  subparagraph  one  of  paragraph  a  of  subdivision  one of section   thirty-six hundred nine-a of this article, and additional payments shall   be paid to boards of cooperative educational services  as  follows:  the   greater of any payments made to the teachers' retirement system pursuant   to  this paragraph or twenty-five percent of the moneys apportioned less   any payments made to the teachers' retirement system  pursuant  to  this   paragraph  on  the  first  state business day of February, to the extent   that acceptable data has been filed with  the  commissioner;  fifty-five   percent of the moneys apportioned, less the payment made in February and   less  any  payments  made to the teachers' retirement system pursuant to   this paragraph, on the first state business day of  June;  and  a  final   apportionment equal to the amount calculated based on data on file as of   August  first  next  following  the  close of the current year, provided   however,  that  for  the  September  two  thousand  six   payment   such   calculation  shall be based on the computer listing for the current year   using data on file as of August first, less payments made  to  date,  on   the  first  state  business day of September next following the close of   the current year; provided, however, that any obligation of a  board  of   cooperative  educational  services  to the bond trustee of the dormitory   authority shall be paid in accordance with the applicable provisions  of   the public authorities law.2.  Such  moneys  shall  be  payable to the treasurer of each board of   cooperative educational services, if there be a treasurer, otherwise  to   the  collector  or other disbursing officer of such board of cooperative    educational services, who shall apply for and receive the same  as  soon   as payable.3.  Notwithstanding  any  inconsistent provisions of this chapter, for   aid payable in the nineteen hundred ninety-six--ninety-seven school year   the apportionment calculated pursuant to section nineteen hundred  fifty   of this chapter shall be reduced by two percent.