A02907 Summary:

BILL NOA02907A
 
SAME ASSAME AS S03784-A
 
SPONSORMagnarelli (MS)
 
COSPNSRLifton, Perry
 
MLTSPNSRAbbate, Colton, Gottfried, Jaffee, Lupardo, Peoples-Stokes
 
Amd §605, Ed L
 
Creates the child care professionals loan forgiveness incentive program for applicants who agree to engage in employment in the child care field; establishes the eligibility for such awards; establishes the amount and duration of such awards.
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A02907 Actions:

BILL NOA02907A
 
01/28/2019referred to higher education
06/17/2019amend and recommit to higher education
06/17/2019print number 2907a
01/08/2020referred to higher education
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A02907 Committee Votes:

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A02907 Floor Votes:

There are no votes for this bill in this legislative session.
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A02907 Text:



 
                STATE OF NEW YORK
        ________________________________________________________________________
 
                                         2907--A
 
                               2019-2020 Regular Sessions
 
                   IN ASSEMBLY
 
                                    January 28, 2019
                                       ___________
 
        Introduced  by  M. of A. MAGNARELLI, LIFTON, PERRY -- Multi-Sponsored by
          --  M.  of  A.     ABBATE,   COLTON,   GOTTFRIED,   JAFFEE,   LUPARDO,
          PEOPLES-STOKES  --  read  once and referred to the Committee on Higher
          Education -- committee discharged, bill amended, ordered reprinted  as
          amended and recommitted to said committee

        AN  ACT  to  amend  the education law, in relation to creating the child
          care professionals loan forgiveness incentive program
 
          The People of the State of New York, represented in Senate and  Assem-
        bly, do enact as follows:
 
     1    Section 1. Section 605 of the education law is amended by adding a new
     2  subdivision 13 to read as follows:
     3    13. New York state child care professionals loan forgiveness incentive
     4  program. a. Purpose.  The president shall grant student loan forgiveness
     5  awards  for  the  purpose of increasing the number of child care profes-
     6  sionals employed in New York state. Such  awards  shall  be  made  on  a
     7  competitive  basis  to applicants who have graduated from an institution
     8  of higher education approved or registered by the regents.
     9    b. Eligibility. (1) To be eligible to receive  an  award  pursuant  to
    10  this  subdivision, an applicant must be a resident of New York state who
    11  has graduated from  an  institution  of  higher  education  and  has  an
    12  outstanding student loan debt.
    13    (2)  Such  awards  shall  be made annually to eligible applicants who,
    14  prior to accepting such awards, engaged in twelve months of service as a
    15  child care professional in a child day care facility licensed or  regis-
    16  tered  pursuant to the social services law or the administrative code of
    17  the city of New York and such awards shall not exceed an amount of twen-
    18  ty-five thousand dollars and shall be made to such applicants,  pursuant
    19  to the following schedule:
    20    (i)  twenty  percent  to  be  awarded upon the completion of the first
    21  year;
 
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD00834-03-9

        A. 2907--A                          2
 
     1    (ii) twenty percent to be awarded upon the completion  of  the  second
     2  year;
     3    (iii)  twenty  percent  to be awarded upon the completion of the third
     4  year;
     5    (iv) twenty percent to be awarded upon the completion  of  the  fourth
     6  year; and
     7    (v)  twenty  percent  to  be  awarded upon the completion of the fifth
     8  year.
     9    (3) Recipients of such awards shall be eligible  to  apply  for  other
    10  awards established under this chapter.
    11    c. Duration. Such awards shall be made annually, for no more than five
    12  years,  to applicants who remain eligible under this subdivision and who
    13  are certified as such by the corporation.
    14    d. Amount. The corporation shall grant such awards within the  amounts
    15  appropriated  for such purpose and based on the availability of funds in
    16  an amount not to exceed the total cost of the completion of such  degree
    17  programs.  Cost  of completion of such degrees shall include: tuition at
    18  an institution of higher education approved or registered by the regents
    19  and other required or reasonable student fees.
    20    § 2. This act shall take effect immediately.
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