S T A T E O F N E W Y O R K
________________________________________________________________________
8016
2015-2016 Regular Sessions
I N A S S E M B L Y
June 4, 2015
___________
Introduced by M. of A. WOZNIAK -- read once and referred to the Commit-
tee on Higher Education
AN ACT to amend the education law, in relation to the financing of
community colleges
THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:
Section 1. The opening paragraph of paragraph a of subdivision 1 of
section 6304 of the education law, as amended by chapter 552 of the laws
of 1984, is amended to read as follows:
State financial aid shall be one-third of the amount of operating
costs, as approved by the state university trustees. FURTHER, IF THE
STATE FAILS TO MEET ITS OBLIGATIONS TO PROVIDE STATE AID IN THE AMOUNT
OF ONE-THIRD OF THE AMOUNT OF OPERATING COSTS IN ANY FISCAL YEAR, THE
STATE SHALL BE REQUIRED TO MAKE A PAYMENT OF NO LESS THAN NINE-TENTHS OF
ITS SHARE OF THOSE OPERATING COSTS IN THE FOLLOWING FISCAL YEAR. Operat-
ing costs shall not include any payment of debt service or rentals or
other payments by a local sponsor to the dormitory authority pursuant to
any lease, sublease or other agreement entered into between the dormito-
ry authority and a local sponsor. Such aid for a college shall, however,
be for two-fifths of operating costs for any fiscal year of the college
during which it is implementing a program of full opportunity provided a
plan has been approved by the state university trustees. Such plan,
which shall be submitted by the college only after approval by the board
of trustees and the local sponsor or sponsors, shall
S 2. This act shall take effect immediately.
EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD08222-01-5