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NY A02235
Bill
Status
Vetoed
12/22/2023
Primary Sponsor
Alicia Hyndman
Click for details
AI Summary
- Amends Education Law Section 5007, Subdivision 10 to add a new paragraph regarding fund transfers from the licensed private career schools tuition reimbursement account
- Establishes a $2.5 million threshold for the net balance of the tuition reimbursement account
- Requires any amount exceeding $2.5 million in the tuition reimbursement account to be transferred directly to the proprietary vocational school supervision account upon request by the commissioner
- Takes effect immediately upon enactment
Legislative Description
Provides that if the net balance of the reimbursement account exceeds two million five hundred thousand dollars, any amount over two million five hundred thousand dollars shall be transferred to the proprietary vocational school supervision account.
Last Action
tabled
12/22/2023
Committee Referrals
Higher Education5/22/2023
Rules5/17/2023
Ways and Means5/16/2023
Higher Education1/25/2023
Full Bill Text
No bill text available