§ 3609-D — Moneys apportioned for board of cooperative educational services aidable expenditures when and how payable commencing July first, two tho...

§ 3609-d. Moneys apportioned for board of cooperative educational\nservices aidable expenditures when and how payable commencing July\nfirst, two thousand four. Notwithstanding the provisions of section\nthirty-six hundred nine-a of this article, apportionments payable\npursuant to section nineteen hundred fifty of this chapter shall be paid\npursuant to this section. For aid payable in the two thousand four--two\nthousand five school year and thereafter, "moneys apportioned" shall\nmean the lesser of (i) one hundred percent of the respective amount set\nforth for each school district as payable pursuant to this section in\nthe school aid computer listing produced by the commissioner in support\nof the budget including the appropriation for support of boards of\ncooperative educational services for payments due prior to April first\nfor the current year, or (ii) the apportionment calculated by the\ncommissioner based on data on file at the time the payment is processed;\nprovided however, that for the purposes of any payment to be made in the\nmonth of June of two thousand six such calculation shall be based on the\nschool aid computer listing for the current year using updated data at\nthe time of each payment. For districts subject to chapter five hundred\nsixty-three of the laws of nineteen hundred eighty, thirty-six hundred\ntwo-b, or two thousand forty of this chapter, for aid payable in the two\nthousand four--two thousand five school year and thereafter, "moneys\napportioned" shall mean the apportionment calculated by the commissioner\nbased on data on file at the time the payment is processed. The "school\naid computer listing for the current year" shall be as defined in the\nopening paragraph of section thirty-six hundred nine-a of this article.\nThe definitions "base year" and "current year" as set forth in\nsubdivision one of section thirty-six hundred two of this article shall\napply to this section.\n 1. Prescribed payments. Of the moneys to be apportioned by the\ncommissioner to school districts during the school year, that portion\npayable pursuant to section nineteen hundred fifty of this chapter shall\nbe used in the first instance to make payments on behalf of boards of\ncooperative educational services to the teachers' retirement system in\nthe same manner as payments made on behalf of school districts pursuant\nto subparagraph one of paragraph a of subdivision one of section\nthirty-six hundred nine-a of this article, and additional payments shall\nbe paid to boards of cooperative educational services as follows: the\ngreater of any payments made to the teachers' retirement system pursuant\nto this paragraph or twenty-five percent of the moneys apportioned less\nany payments made to the teachers' retirement system pursuant to this\nparagraph on the first state business day of February, to the extent\nthat acceptable data has been filed with the commissioner; fifty-five\npercent of the moneys apportioned, less the payment made in February and\nless any payments made to the teachers' retirement system pursuant to\nthis paragraph, on the first state business day of June; and a final\napportionment equal to the amount calculated based on data on file as of\nAugust first next following the close of the current year, provided\nhowever, that for the September two thousand six payment such\ncalculation shall be based on the computer listing for the current year\nusing data on file as of August first, less payments made to date, on\nthe first state business day of September next following the close of\nthe current year; provided, however, that any obligation of a board of\ncooperative educational services to the bond trustee of the dormitory\nauthority shall be paid in accordance with the applicable provisions of\nthe public authorities law.\n 2. Such moneys shall be payable to the treasurer of each board of\ncooperative educational services, if there be a treasurer, otherwise to\nthe collector or other disbursing officer of such board of cooperative\neducational services, who shall apply for and receive the same as soon\nas payable.\n 3. Notwithstanding any inconsistent provisions of this chapter, for\naid payable in the nineteen hundred ninety-six--ninety-seven school year\nthe apportionment calculated pursuant to section nineteen hundred fifty\nof this chapter shall be reduced by two percent.\n