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NY A02349
Bill
Status
1/25/2023
Primary Sponsor
Alicia Hyndman
Click for details
AI Summary
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Licensed private career schools with gross tuition under $100,000 and receiving less than $100,000 in state and federal student financial aid per school fiscal year may file unaudited financial statements in a commissioner-prescribed format.
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Schools meeting the above criteria must file audited financial statements every three years minimum, with reviewed financial statements permitted in non-audit years.
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Commissioner may require audited financial statements at any time if a school submits false or inaccurate statements or experiences significant, unsubstantiated declines in gross tuition.
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Legislation takes effect immediately and expires five years after enactment.
Legislative Description
Relates to licensed private career schools with gross tuition of less than one hundred thousand dollars; authorizes certain licensed private career schools to file an unaudited financial statement under certain circumstances.
Last Action
referred to higher education
1/3/2024