EDUCATION DEPARTMENT / THE UNIVERSITY
OF THE STATE OF
Jean C. Stevens
Petition of the
December 19, 2006
Issue for Decision (Consent Agenda)
Should the Regents consent to allow the
Required by Article 8, Section 4, Paragraph (h) of the State Constitution and by Local Finance Law section 104.00(c).
This petition for consent will come before the Regents EMSC-VESID Committee on January 8, 2007 for discussion and action. It will then come before the full Board for final action on January 9, 2007.
The Board of Regents is required to give consent for such petitions prior to the petition being forwarded to the State Comptroller for final consideration. The Regents EMSC-VESID Committee has discussed and approved similar requests in the past from school districts to exceed their debt limit and is familiar with the guidelines and procedures for granting consent.
The Department received a petition from the Board of Education of the
VOTED: That the Board of Regents hereby gives consent to the issuance of bonds and/or bond anticipation notes by the Board of Education of the Elmira City School District in an amount not to exceed $94,459,318 for school building additions and reconstruction and the issuance of such bonds and/or bond anticipation notes in excess of the constitutional debt limit of said school district.
Timetable for Implementation
The petition with the consent of the Board of Regents will be immediately forwarded to the State Comptroller for final consideration.