Bill > S08003

This bill modifies existing New York education law to extend the maximum lease term for zero-emission school buses from eight to twelve years. Currently, school districts are limited to leasing vehicles for one school year, with the option to extend to five years through voter approval. The bill specifically allows school districts and boards of education to lease zero-emission school buses (as defined in section 3638) for up to twelve years when authorized by a vote of qualified district voters. Additionally, the bill adjusts the assumed amortization period for financial aid calculations related to zero-emission school buses, noting that when a district enters a lease agreement longer than eight years, the amortization period will match the length of the lease agreement. This change is intended to provide school districts with more flexibility in acquiring and financing zero-emission school buses, potentially making it easier and more cost-effective for districts to transition to environmentally friendly transportation options.

Budget and Finance, Education

https://www.nysenate.gov/legislation/bills/2025/S8003