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NY A10206
Bill
Status
7/21/2016
Primary Sponsor
Aileen Gunther
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AI Summary
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Amends Mental Hygiene Law Section 84.05 to allow the comptroller to contract with the existing third party administrator of the NYS College Choice tuition savings program to administer the NY ABLE savings account program and manage account depositories.
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The comptroller contract for NY ABLE administration expires on the same date as the NYS College Choice tuition savings program contract.
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After contract expiration, the comptroller may solicit proposals to administer the NY ABLE savings account program and NYS College Choice tuition savings program either jointly or separately.
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Takes effect immediately upon enactment.
Legislative Description
Allows the comptroller to enter into a contract with the administrator of the NYS college choice tuition savings program for the purpose of administering the NY ABLE savings account program and providing account depositories and managers.
Last Action
signed chap.149
7/21/2016