Relates to the computation of building aid for the Arlington central school district

Summary

The bill adds a new subparagraph to the education law that permits the Arlington Central School District to compute building aid by using three multi‑year cost allowances for one construction, reconstruction, or modernization project during the first five‑year period. After those three allowances, any additional multi‑year cost allowances cannot be established for at least fifteen years. This changes the timing and frequency of cost‑allowance calculations for the district’s building projects.

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