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NY S06863
Bill
Status
6/1/2023
Primary Sponsor
Toby Stavisky
Click for details
AI Summary
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SUNY trustees must require annual reports from the SUNY Research Foundation and all state-operated institutions' and community colleges' campus foundations by November 1 each year, posted publicly in machine-readable format.
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CUNY trustees must require annual reports from the CUNY Research Foundation and all senior colleges' and community colleges' campus foundations by November 1 each year, posted publicly in machine-readable format.
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Required reports must include audited financial statements following generally accepted accounting principles, a list of all contracts with amounts and vendor information, and employee information by campus and department including salaries, job titles, and benefits.
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Reports may exclude information protected by state or federal law, personal privacy information, trade secrets, charitable donor records (except donor names and amounts when donors conduct business with the institution), and academic research records (except public funding information).
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Act takes effect January 1, 2024.
Legislative Description
Relates to reporting requirements of SUNY and CUNY; relates to financial information and identifying vendor information of each contract; relates to a list of all foundation and state university employees by campus, department and location including salaries, job titles and descriptions.
Last Action
referred to higher education
5/28/2024