|Assembly Actions - Lowercase
Senate Actions - UPPERCASE
|Jan 08, 2014||referred to higher education|
|May 21, 2013||reported and committed to finance|
|Jan 09, 2013||referred to higher education|
senate Bill S1652
Archive: Last Bill Status -
- In Committee
- On Floor Calendar
- Passed Senate
- Passed Assembly
- Delivered to Governor
- Signed/Vetoed by Governor
S1652 - Details
S1652 - Sponsor Memo
BILL NUMBER:S1652 TITLE OF BILL: An act to amend the education law and the state finance law, in relation to establishing the New York state family tuition investment program PURPOSE: To help make higher education affordable and accessible for all citizens of New York by creating the New York State Family Tuition Investment Program Act to provide a vehicle and an incentive for New York's families to save for the costs of higher education for their children while protecting. against rising costs. This program would help to provide a stable financial base to institutions of higher learning. in New York and promote a well educated and financially secure population. SUMMARY OF PROVISIONS: Section 1 of the bill is a statement of legislative findings. Section 2 establishes the new York State Family Tuition Investment Program. This section sets forth the powers and duties of the Higher Education Services Corporation (HESC), as administrator of the program and to
S1652 - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 1652 2013-2014 Regular Sessions I N S E N A T E (PREFILED) January 9, 2013 ___________ Introduced by Sen. LAVALLE -- read twice and ordered printed, and when printed to be committed to the Committee on Higher Education AN ACT to amend the education law and the state finance law, in relation to establishing the New York state family tuition investment program THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Legislative findings. The legislature hereby finds and declares that it is an essential function of state government to foster higher education in order to provide for a well-educated and financially secure population. The legislature further finds that the cost of higher education is becoming less affordable and predictable, adversely affect- ing the ability of individuals and families to plan for future educa- tional expenses. The legislature further finds that it is in the best interests of the state to provide its citizens with financing assistance for higher education and protection against rising costs, and to encour- age savings to enhance the ability of residents of New York to obtain financial access to institutions of higher education. Accordingly, the legislature finds and declares that the creation of the New York state family tuition investment program for the advance purchase of tuition will help to make higher education affordable and accessible to all New York's students, to the ultimate benefit of all citizens of the state. S 2. The education law is amended by adding a new article 14-B to read as follows: ARTICLE 14-B NEW YORK STATE FAMILY TUITION INVESTMENT PROGRAM ACT SECTION 696. SHORT TITLE. 696-A. DEFINITIONS. 696-B. NEW YORK STATE FAMILY TUITION INVESTMENT PROGRAM; PURPOSE. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted.
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