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NY A05354

Bill

Official Source

Status

Introduced

3/7/2023

Primary Sponsor

Daniel O'Donnell

Click for details

Origin

Assembly

2023-2024 General Assembly

AI Summary

  • Prohibits state aid to higher educational institutions with endowments exceeding $10 billion located in cities with populations of 1 million or more, with an exception for tuition assistance programs.
  • Prevents the Dormitory Authority of the State of New York from issuing bonds and notes for higher educational institutions meeting the same endowment and location criteria.
  • Takes effect immediately upon enactment.

Legislative Description

Limits certain state aid for universities with large endowments except to fund tuition assistance programs.

Last Action

referred to higher education

1/3/2024

Committee Referrals

Higher Education3/7/2023

Full Bill Text

No bill text available