2015 New York Laws
EDN - Education
Title 5 - TAXATION AND FINANCIAL ADMINISTRATION
Article 73 - APPORTIONMENT OF PUBLIC MONEYS
Part 1 - (3601 - 3613) 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.