N.Y. Public Authorities Law Section 2436-A
School aid revenues

With respect to each issue of outstanding special school purpose bonds, the chairman of the agency shall annually certify, or in the case of the first such certificate within thirty days after the sale of an issue of special school purpose bonds, to the comptroller and the director of the budget, with a copy to the commissioner of education, a schedule setting forth the amount of school aid revenue necessary for payment of the following obligations:

(a)

all interest and all payments of principal and redemption premium, if any, on such special school purpose bonds maturing or otherwise coming due during the subsequent state fiscal year;

(b)

the amounts required to be deposited in any debt service reserve fund with respect to such special school purpose bonds;

(c)

the amount, if any, due to any provider of any bond credit or liquidity facility, representing payments made by it as provided in the applicable resolution or trust indenture, including any related reasonable interest, fees or charges so provided;

(d)

the amount, if any, required to be rebated to the United States to provide for continued federal tax exemption of such special school purpose bonds; and

(e)

any administrative or other fees, costs or charges due to the agency or any other party in connection with such special school purpose bonds. The certification may be amended and, in the event of a bond sale, shall be amended no later than thirty days after such sale. The schedule accompanying such certification shall provide for such payment dates as the agency deems appropriate to ensure that sufficient funds will be available to meet its obligations relating to such special school purpose bonds as they come due.

Source: Section 2436-A — School aid revenues, https://www.nysenate.gov/legislation/laws/PBA/2436-A (updated Sep. 22, 2014; accessed Dec. 6, 2025).

2430
Short title 2431
Legislative findings 2432
Definitions 2433
State of New York municipal bond bank agency 2434
Powers of the agency 2435
Loans to municipalities 2435–A
Special program agreements 2435–B
Tax lien purchase and sale agreements 2435–C
Purchase of tax liens 2435–D
Special school purpose agreements 2435–E
Special School Deficit Program Agreements 2436
State aid guarantee 2436–A
School aid revenues 2436–B
Local ARRA bonds 2436–C
Local public safety communications bonds 2437
Bonds and notes of the agency 2437–A
Tax lien collateralized securities 2438
Bond authorization 2439
Reserve funds and appropriations 2440
Remedies of bondholders and noteholders 2441
State and municipalities not liable on bonds and notes 2442
Agreement of the state 2443
Property and income 2444
Exemption from taxation of bonds, notes and tax lien collateralized securities 2445
Bonds and notes as legal investments for public officers and fiduciaries 2446
Moneys of the agency 2447
Actions 2448
Limitation of liability 2449
Assistance by state officers, departments, boards and commissions 2450
Annual report 2451
Court proceedings 2452
Inconsistent provisions of other laws superseded 2453
Construction 2454
Separability

California:	Codes
Colorado:	C.R.S.
Florida:	Statutes
Nevada:	NRS
New York:	Laws
Oregon:	OAR, ORS
Texas:	Statutes
World:	Rome Statute, International Dictionary

N.Y. Public Authorities Law Section 2436-A School aid revenues

(a)

(b)

(c)

(d)

(e)

N.Y. Public Authorities Law Section 2436-A
School aid revenues