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Assembly Bill A5845

2009-2010 Legislative Session

Provides that tuition paid to public institutions of higher education shall be maintained in a separtate account to be used only for higher education purposes

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Archive: Last Bill Status - In Assembly Committee

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2009-A5845 (ACTIVE) - Details

Current Committee:
Assembly Higher Education
Law Section:
Education Law
Laws Affected:
Amd ยงยง355, 6221 & 6304, Ed L
Versions Introduced in 2011-2012 Legislative Session:
A1952

2009-A5845 (ACTIVE) - Summary

Provides that tuition paid to public institutions of high education shall be maintained in a separate account to be used only for higher education purposes.

2009-A5845 (ACTIVE) - Bill Text download pdf 

                            
                    S T A T E   O F   N E W   Y O R K
________________________________________________________________________

                                  5845

                       2009-2010 Regular Sessions

                          I N  A S S E M B L Y

                            February 20, 2009
                               ___________

Introduced  by  M. of A. BALL -- read once and referred to the Committee
  on Higher Education

AN ACT to amend the education law, in relation to requiring that tuition
  paid for public higher education be used for the  purposes  of  higher
  education

  THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:

  Section 1. Section 355 of the education law is amended by adding a new
subdivision 4-a to read as follows:
  4-A. NOTWITHSTANDING ANY PROVISION OF LAW TO THE CONTRARY, ALL  MONEYS
AND  REVENUE  DERIVED  FROM  THE  PAYMENT  OF  TUITION AT ANY COLLEGE OR
UNIVERSITY OF THE STATE UNIVERSITY OF NEW YORK SHALL BE DEPOSITED IN AND
CREDITED TO A SEPARATE ACCOUNT. THE MONEYS  IN  SUCH  ACCOUNT  SHALL  BE
EXPENDED  SOLELY  FOR  THE  FUNDING OF PUBLIC HIGHER EDUCATION. UNDER NO
CIRCUMSTANCE SHALL THE MONEYS IN SUCH ACCOUNT  BE  COMMINGLED  WITH  ANY
OTHER MONEYS.
  S  2.  Section  6221  of  the education law is amended by adding a new
subdivision F to read as follows:
  F. NOTWITHSTANDING ANY PROVISION OF LAW TO THE  CONTRARY,  ALL  MONEYS
AND  REVENUE  DERIVED  FROM THE PAYMENT OF TUITION AT ANY COLLEGE OF THE
CITY UNIVERSITY OF NEW YORK SHALL BE DEPOSITED  IN  AND  CREDITED  TO  A
SEPARATE  ACCOUNT.  THE  MONEYS IN SUCH ACCOUNT SHALL BE EXPENDED SOLELY
FOR THE FUNDING OF PUBLIC HIGHER EDUCATION. UNDER NO CIRCUMSTANCES SHALL
THE MONEYS IN SUCH ACCOUNT BE COMMINGLED WITH ANY OTHER MONEYS.
  S 3. Section 6304 of the education law is  amended  by  adding  a  new
subdivision 14 to read as follows:
  14.  NOTWITHSTANDING  ANY PROVISION OF LAW TO THE CONTRARY, ALL MONEYS
AND REVENUE DERIVED FROM THE PAYMENT OF TUITION AT ANY COMMUNITY COLLEGE
SHALL BE DEPOSITED IN AND CREDITED TO A SEPARATE ACCOUNT. THE MONEYS  IN
SUCH  ACCOUNT  SHALL BE EXPENDED SOLELY FOR THE FUNDING OF PUBLIC HIGHER
EDUCATION. UNDER NO CIRCUMSTANCES SHALL THE MONEYS IN  SUCH  ACCOUNT  BE
COMMINGLED WITH ANY OTHER MONEYS.
  S 4.  This act shall take effect immediately.

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets

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