Assembly Bill A8800

Signed By Governor
2021-2022 Legislative Session

Relates to the private student loan refinance task force

download bill text pdf

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Archive: Last Bill Status Via S7719 - Signed by Governor

  • Introduced
    • In Committee Assembly
    • In Committee Senate
    • On Floor Calendar Assembly
    • On Floor Calendar Senate
    • Passed Assembly
    • Passed Senate
  • Delivered to Governor
  • Signed By Governor

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2021-A8800 (ACTIVE) - Details

See Senate Version of this Bill:
S7719
Law Section:
Education
Laws Affected:
Amd §§2 & 3, Chap of 2021 (as proposed in S.2767-A & A.5423-A)

2021-A8800 (ACTIVE) - Summary

Changes the number of members in the private student loan finance task force from 11 to 13; designates the superintendent of financial services as the chairperson.

2021-A8800 (ACTIVE) - Bill Text download pdf 

                             
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   8800
 
                           I N  A S S E M B L Y
 
                             January 12, 2022
                                ___________
 
 Introduced  by  M. of A. CRUZ -- read once and referred to the Committee
   on Higher Education
 
 AN ACT to amend a chapter of the laws of  2021  establishing  a  private
   student  loan  refinance  task force, as proposed in legislative bills
   numbers S. 2767-A and A. 5423-A, in relation to establishing a private
   student loan refinance task force

   THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section  1.  Sections  2 and 3 of a chapter of the laws of 2021 estab-
 lishing a private student loan refinance  task  force,  as  proposed  in
 legislative  bills  numbers S. 2767-A and A. 5423-A, are amended to read
 as follows:
   § 2. The private student loan refinance task force  shall  consist  of
 [11] 13 members as follows:  the superintendent of financial services or
 his  or  her  designee,  the  president of the higher education services
 corporation or his or her designee, [three] FIVE  members  appointed  by
 the  governor,  two  members appointed by the temporary president of the
 senate, one member appointed by the minority leader of the  senate,  two
 members  appointed  by  the  speaker  of  the  assembly,  and one member
 appointed by the minority leader of the assembly. The appointed  members
 shall  include, to the extent practicable, individuals representative of
 lending  institutions  and  the  consumer  protection  community.    All
 appointments of members of the private student loan refinance task force
 shall  be  made  no  later than 90 days after the effective date of this
 act.
   § 3. The [president of  the  higher  education  services  corporation]
 SUPERINTENDENT  OF  FINANCIAL SERVICES shall be designated as the chair-
 person of the private student loan refinance task force. The members  of
 the  private  student  loan  refinance  task  force  shall serve without
 compensation, except that members shall be allowed their  necessary  and
 actual  expenses  incurred in the performance of their duties under this
 act.
   § 2. This act shall take effect on the  same  date  and  in  the  same
 manner  as  a chapter of the laws of 2021 establishing a private student
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.

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