Bill > A06809

This bill amends existing laws to expand and clarify the rules around repair reserve funds for various local government entities, specifically adding Boards of Cooperative Educational Services (BOCES) to the list of organizations that can establish these special funds. Under the bill, these entities can create a repair reserve fund and deposit money into it through budgetary appropriations or unused revenues, with the primary purpose of financing emergency repairs to capital improvements or equipment that do not occur on a regular annual basis. The bill introduces new requirements for BOCES specifically, mandating that when they use these funds for emergency repairs, they must notify component school districts within ten days about the nature and cost of the repair, and provide an annual report by December 31st detailing all emergency repairs completed, funds expended, and the remaining balance in the repair reserve fund. The funds can only be spent through a resolution approved by at least two-thirds of the governing body, with at least half of the expended amount to be repaid in the following fiscal year and the total amount repaid within two fiscal years. The bill aims to provide more transparency and structured financial management for local government entities' emergency repair funding.

Education

https://www.nysenate.gov/legislation/bills/2025/A6809