BILL NUMBER: S8674
SPONSOR: MAYER
 
TITLE OF BILL:
An act to amend chapter 374 of the laws of 2014 amending the education
law relating to the leasing of real property by boards of cooperative
educational services, in relation to extending the effectiveness thereof
 
PURPOSE OR GENERAL IDEA OF BILL:
To extend authorization for BOCES to lease with private entities for 20
years till July 1, 2029.
 
SUMMARY OF PROVISIONS:
Section 1 amends 374 of the laws of 2014 amending the education law to
extend the effective date to July 1, 2029.
Section 2 sets forth the effective date.
 
JUSTIFICATION:
Prior to 2014, Boards of Cooperative Educational Services (BOCES) could
only enter into leases with a maximum duration of ten years. Chapter
374 of the laws of 2014 gave BOCES authorization to enter into 20-year
leases with private entities. Longer leases have allowed BOCES to better
plan future projects, save costs, and provide greater efficiencies to
the overall operations of their districts.
This authorization is scheduled to expire on July 1, 2024. This bill
would extend for a further 5 years, until July 1, 2029.
 
PRIOR LEGISLATIVE HISTORY:
New bill.
 
FISCAL IMPLICATIONS:
None.
 
EFFECTIVE DATE:
This act shall take effect immediately.