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S08777 Summary:

BILL NOS08777
 
SAME ASSAME AS A09430
 
SPONSORMAY
 
COSPNSR
 
MLTSPNSR
 
Rpld §153, Exec L (as proposed in S.1525 & A.2007); add §12, Ec Dev L
 
Directs the department of economic development to provide certain assistance to municipalities in which a college or university has closed.
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S08777 Text:



 
                STATE OF NEW YORK
        ________________________________________________________________________
 
                                          8777
 
                    IN SENATE
 
                                     January 8, 2026
                                       ___________
 
        Introduced  by  Sen.  MAY  --  read  twice and ordered printed, and when
          printed to be committed to the Committee on Rules
 
        AN ACT to amend the economic development law, in relation  to  technical
          assistance provided to municipalities related to college and universi-
          ty  closures;  and  to  repeal  section  153  of the executive law, in
          relation thereto

          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, as added by a chapter of
     2  the laws of 2025 amending the executive law relating to providing  tech-
     3  nical assistance to any municipality that has had a college or universi-
     4  ty  close  within  such  municipality,  as proposed in legislative bills
     5  numbers S.  1525 and A. 2007, is REPEALED.
     6    § 2. The economic development law is amended by adding a  new  section
     7  12 to read as follows:
     8    §  12.  Technical  assistance to municipalities related to college and
     9  university closures. The department shall provide to  any  municipality,
    10  upon  request, technical assistance in the event of a college or univer-
    11  sity closing in such municipality, on topics including but  not  limited
    12  to:
    13    1. workforce transition and development;
    14    2. attracting new employers and economic opportunities;
    15    3.  developing  plans  for the land and buildings formerly occupied by
    16  such college or university; and
    17    4. recommendations and planning assistance for dealing with  creditors
    18  and  other  entities  having  a  financial  interest  in such college or
    19  university's assets located in  such  municipality,  provided,  however,
    20  that  the state shall not become a party to any legal proceedings pursu-
    21  ant to this section.
    22    § 3. This act shall take effect on the  same  date  and  in  the  same
    23  manner  as  a  chapter  of  the  laws of 2025 amending the executive law
    24  relating to providing technical assistance to any municipality that  has
    25  had  a college or university close within such municipality, as proposed
    26  in legislative bills numbers S. 1525 and A. 2007, takes effect.
 
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD03552-02-6
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