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NY A09462
Bill
Status
3/5/2012
Primary Sponsor
Nelson Castro
Click for details
AI Summary
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Imposes a 0.5 percent fee on all wire transfers and money transmissions from New York to foreign countries, collected by banks, money transmitters, and licensed agents.
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Requires quarterly remittance of collected fees to the State Comptroller for deposit into a new Undocumented Student Education Fund by the 15th day of the month following each calendar quarter.
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Establishes the Undocumented Student Education Fund to provide tuition and fee assistance (excluding room and board) to undocumented students attending CUNY or SUNY institutions who entered the U.S. before age 18 and meet high school attendance or GED requirements.
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Requires undocumented students to file an affidavit confirming they have or will file an immigration legalization application as soon as eligible.
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Takes effect 120 days after enactment, with authority for agencies to immediately adopt necessary rules and regulations for implementation.
Legislative Description
Establishes a wire transfer fee imposing a fee on every wire transfer and transmission to any foreign country and directs the deposit of such fees into an undocumented student education fund, the funds of which shall be made available for the payment of tuition and other fees and charges of a student who is attending a city university of New York or the state university of New York and who is without lawful immigration status or is an undocumented person.
Last Action
enacting clause stricken
3/28/2012