A05748 Summary:

BILL NOA05748
 
SAME ASSAME AS S06729
 
SPONSORSlater
 
COSPNSR
 
MLTSPNSR
 
Amd §695-e, Ed L
 
Allows withdrawals from family tuition accounts to pay for treatment of substance use disorder, including detoxification and rehabilitation for the designated beneficiary.
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A05748 Actions:

BILL NOA05748
 
03/23/2023referred to higher education
01/03/2024referred to higher education
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A05748 Committee Votes:

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A05748 Floor Votes:

There are no votes for this bill in this legislative session.
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A05748 Text:



 
                STATE OF NEW YORK
        ________________________________________________________________________
 
                                          5748
 
                               2023-2024 Regular Sessions
 
                   IN ASSEMBLY
 
                                     March 23, 2023
                                       ___________
 
        Introduced by M. of A. SLATER -- read once and referred to the Committee
          on Higher Education
 
        AN ACT to amend the education law, in relation to family tuition account
          withdrawals for treatment of substance use disorder
 
          The  People of the State of New York, represented in Senate and Assem-
        bly, do enact as follows:

     1    Section 1. Subdivision 5 of section 695-e of  the  education  law,  as
     2  amended  by  chapter  593  of  the  laws  of 2003, is amended to read as
     3  follows:
     4    5. a. An account owner may withdraw all or part of the balance from an
     5  account on sixty days notice or such shorter period as may be authorized
     6  under rules governing the program. Such rules shall  include  provisions
     7  that  will generally enable the determination as to whether a withdrawal
     8  is a nonqualified withdrawal or a qualified withdrawal.
     9    b. For purposes of this  subdivision,  a  qualified  withdrawal  shall
    10  include a withdrawal in which the account owner withdraws all or part of
    11  a  balance  from an account to fund treatment of substance use disorder,
    12  including detoxification and rehabilitation, for the designated  benefi-
    13  ciary.    Such  treatment  shall  consist  of at least fifteen hours and
    14  include, but need not be limited  to,  classroom  instruction  in  areas
    15  deemed suitable by the commissioner.
    16    § 2. This act shall take effect immediately.
 
 
 
 
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD01838-01-3
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