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NY S07882
Bill
Status
5/20/2016
Primary Sponsor
David Carlucci
Click for details
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 provide account depositories and managers.
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Contract term shall expire on the same date as the NYS college choice tuition savings program contract.
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Following expiration of the initial contract, the comptroller may solicit proposals to administer the NY ABLE savings account program and the 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
SUBSTITUTED BY A10206
6/17/2016