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NY A04415
Bill
Status
2/3/2011
Primary Sponsor
Peter Rivera
Click for details
AI Summary
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Reduces state aid payments to independent colleges under the "Bundy aid" formula for degrees conferred, phasing out completely by July 1, 2015, with payments declining from prior levels to $120 for associate degrees, $300 for bachelor's degrees, $190 for master's degrees, and $910 for doctorate degrees in the final year.
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Transfers all monies saved from the elimination of independent college aid starting July 1, 2012 to the State University of New York and City University of New York, allocated based on each institution's New York state student enrollment.
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Directs transferred funds to be used for facilitating student retention and success in SUNY and CUNY colleges and universities.
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Repeals section 6401 of education law and subdivision 3 of section 6402 relating to state aid for independent institutions, effective July 1, 2016.
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Removes references to independent colleges from section 6431 regarding campus security advisory committees, effective July 1, 2016.
Legislative Description
Phases out and eliminates state aid for certain independent institutions of higher learning (Bundy aid); transfers the monies saved to the state university of New York and the city university of New York to facilitate student retention and success.
Last Action
enacting clause stricken
9/4/2012