§ 3602-f. Apportionment of moneys to school districts that result from\nthe partitioning of territory and formation of new school districts by\ndistrict superintendents. Notwithstanding any other provision of law to\nthe contrary, the apportionment of public money payable to school\ndistricts resulting from the partitioning of territory and formation of\nnew school districts pursuant to section twenty-two hundred eighteen of\nthis chapter shall be computed pursuant to section thirty-six hundred\ntwo of this article as adjusted by this section.\n 1. Definitions. As used in this section the following terms shall be\ndefined as follows: a. "Combined data" shall mean any data or reports of\nfactors specified in statute or regulation for the calculation and\npayment of any apportionment of state aid during the current school year\npursuant to this chapter that derive from the annual records of the\npre-existing school district, the remaining school district or the new\nschool district for any school year ending prior to the first complete\nschool year commencing on or after partitioning of territory of the\npre-existing school district and formation of the new and remaining\nschool districts pursuant to section twenty-two hundred eighteen of this\nchapter.\n b. "Partitioned data" shall mean: (i) for the new school district, the\nproduct of combined data multiplied by the quotient of the resident\npublic school district enrollment during the current year of such new\nschool district divided by the sum of the resident public school\ndistrict enrollment during the current year of the new school district\nand of the remaining school district, and (ii) for the remaining school\ndistrict the product of combined data multiplied by the quotient of the\nresident public school district enrollment during the current year of\nsuch remaining school district divided by the sum of the resident public\nschool district enrollment during the current year of the new school\ndistrict and of the remaining school district.\n c. "Adjusted actual valuation" shall mean the product of the actual\nvaluation of the pre-existing school district, as defined in paragraph c\nof subdivision one of section thirty-six hundred two of this article,\nthat would have been used to compute aids apportioned to the\npre-existing school district in the current school year if partitioning\nhad not occurred, and the actual valuation adjustment factor.\n d. "Actual valuation adjustment factor" shall mean (i) the quotient of\nthe total taxable value of the assessment roll used by the school\ndistrict claiming an apportionment pursuant to this section to levy\ntaxes in the first complete school year commencing on or after\npartitioning divided by the applicable equalization rate used to\napportion such tax levy, divided by (ii) the sum of such quotients\ncomputed for the new school district and for the remaining school\ndistrict. Such factor shall be computed by the director of the office of\nreal property services based on reports to be submitted to the director\nof real property services by the new school district and by the\nremaining school district, in a format specified by the director, no\nlater than thirty days after the levy of taxes for the first complete\nschool year commencing on or after partitioning. The director of the\noffice of real property services shall certify the value computed for\nthe new school district and for the remaining school district to the\ncommissioner no later than thirty days after the receipt of such\nreports.\n e. "Adjusted income" shall mean the product of the adjusted gross\nincome of the pre-existing school district as set forth in paragraph k\nof subdivision one of section thirty-six hundred two of this article,\nthat would have been used to compute aids apportioned to the\npre-existing school district in the current school year if partitioning\nhad not occurred, and the actual valuation adjustment factor.\n 2. Notwithstanding any o
‹ Prev All New York sections Next ›
Lexace provides legal information, not legal advice, and no attorney–client relationship is created. Statute text is provided for general information and may not reflect the most recent amendments; verify against the official state code.