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NY A02180
Bill
Status
1/15/2025
Primary Sponsor
Alicia Hyndman
Click for details
AI Summary
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Licensed private career schools with less than $100,000 in gross tuition and less than $100,000 in state/federal student financial aid annually may file unaudited financial statements with the commissioner instead of audited ones
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Audited financial statements are required at minimum every three years for qualifying schools, with reviewed financial statements permitted in intervening years
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The commissioner may require audited financial statements at any time if a school submits false or inaccurate statements or experiences a significant, unsubstantiated decline in gross tuition
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The provisions expire and are automatically repealed 5 years after the effective date
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
1/7/2026