S09682 Summary:
| BILL NO | S09682 |
| SAME AS | No Same As |
| SPONSOR | LIU |
| COSPNSR | |
| MLTSPNSR | |
| Amd §5007, Ed L | |
| Authorizes the transfer of funds from the tuition reimbursement account to the proprietary vocational school supervision account in the event that the net balance of the tuition reimbursement account is in excess of two million five hundred thousand dollars. | |
S09682 Text:
Go to topSTATE OF NEW YORK ________________________________________________________________________ 9682 IN SENATE April 1, 2026 ___________ Introduced by Sen. LIU -- read twice and ordered printed, and when printed to be committed to the Committee on Higher Education AN ACT to amend the education law, in relation to the transfer of funds from the tuition reimbursement account The People of the State of New York, represented in Senate and Assem- bly, do enact as follows: 1 Section 1. Subdivision 10 of section 5007 of the education law is 2 amended by adding a new paragraph i to read as follows: 3 i. In the event that the net balance of the tuition reimbursement 4 account is in excess of two million five hundred thousand dollars, as 5 defined in paragraph a of this subdivision, a maximum of five hundred 6 thousand dollars may be transferred directly to the proprietary voca- 7 tional school supervision account within a state fiscal year upon 8 request by the commissioner. 9 § 2. This act shall take effect immediately. EXPLANATION--Matter in italics (underscored) is new; matter in brackets [] is old law to be omitted. LBD15150-01-6