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NY S68002
Bill
Status
11/29/2010
Primary Sponsor
Rules
Click for details
AI Summary
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School districts must submit contracts for excellence for 2010-11 with expenditures not less than the product of their base year approved amount multiplied by their gap elimination adjustment percentage.
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Gap elimination adjustment reduces 2010-11 state aid payments to school districts by amounts ranging from 8-21% based on formula including poverty rates, tax effort, and administrative efficiency measures.
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Students in default on state or federal education loans or who failed to comply with service conditions or repayment requirements become ineligible for any TAP awards or loans until default is cured.
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Tuition Assistance Program income definition expanded to include private employer pension and annuity income, and new TAP awards made available to full-time resident undergraduate students at eligible 501(c)(3) institutions meeting accreditation and Title IV requirements.
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Multiple education law provisions extended or amended through 2011-2015, including universal pre-K funding, nursing faculty loan forgiveness programs, charter school tuition calculations, and workforce education program reimbursement rates.
Legislative Description
Enacts into law major components of legislation which are necessary to implement the Education, Labor and Family Assistance Budget for the 2010-2011 state fiscal year (part A); places restrictions on eligibility to receive awards and loans; repealer (part B); relates to tuition assistance program awards for those students who have been granted an exclusion of parental income who have a spouse but no other dependent (part C); amends the definition of income for purposes of TAP awards (part D); extends the effectiveness of the nursing loan forgiveness incentive program (part E); amends provisions of chapter 31 of the laws of 1985 relating to the effectiveness of regents scholarships in certain professions (part F); amends the education law relating to eligibility requirements for student financial aid (part G).
Last Action
ORDERED TO THIRD READING CAL.1
11/29/2010