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NY S08777
Bill
Status
1/29/2026
Primary Sponsor
Rachel May
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AI Summary
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Repeals section 153 of the executive law (added by 2025 legislation S.1525/A.2007) and transfers provisions regarding college/university closure assistance to the economic development law as new section 12
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Requires the Department of Economic Development to provide technical assistance upon request to any municipality experiencing a college or university closure
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Assistance must cover workforce transition and development, attracting new employers and economic opportunities, and planning for repurposing former campus land and buildings
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Includes recommendations and planning assistance for dealing with creditors and entities with financial interests in the closed institution's assets located in the municipality
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Prohibits the state from becoming a party to any legal proceedings related to this technical assistance
Legislative Description
Directs the department of economic development to provide certain assistance to municipalities in which a college or university has closed.
Last Action
returned to senate
2/26/2026