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S01525 Summary:

BILL NOS01525
 
SAME ASSAME AS A02007
 
SPONSORMAY
 
COSPNSR
 
MLTSPNSR
 
Amd §153, Exec L
 
Directs the department of state, in cooperation with other departments, to provide technical assistance to any municipality, upon request, that has had a college or university close within such municipality.
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S01525 Text:



 
                STATE OF NEW YORK
        ________________________________________________________________________
 
                                          1525
 
                               2025-2026 Regular Sessions
 
                    IN SENATE
 
                                    January 10, 2025
                                       ___________
 
        Introduced  by  Sen.  MAY  --  read  twice and ordered printed, and when
          printed to be committed to the Committee on Finance
 
        AN ACT to amend the executive law, in relation  to  providing  technical
          assistance  to  any  municipality that has had a college or university
          close within such municipality

          The People of the State of New York, represented in Senate and  Assem-
        bly, do enact as follows:
 
     1    Section 1. Section 153 of the executive law is amended by adding a new
     2  subdivision 4 to read as follows:
     3    4.  To  provide to any municipality, upon request, in cooperation with
     4  the department of economic development and the department of  education,
     5  technical  assistance in the event of a college or university closing in
     6  such municipality, on topics including but not limited to:
     7    (a) workforce transition and development;
     8    (b) attracting new employers and economic opportunities;
     9    (c) developing plans for the land and buildings formerly  occupied  by
    10  such college or university; and
    11    (d) recommendations and planning assistance for dealing with creditors
    12  and  other  entities  having  a  financial  interest  in such college or
    13  university's assets located in  such  municipality,  provided,  however,
    14  that  the state shall not become a party to any legal proceedings pursu-
    15  ant to this subdivision.
    16    § 2. This act shall take effect immediately.
 
 
 
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD03552-01-5
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