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Assembly Bill A8016

2015-2016 Legislative Session

Provides for state payment to offset deficiency in its obligated payments for operating costs of community colleges

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Archive: Last Bill Status - In Assembly Committee

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2015-A8016 (ACTIVE) - Details

Current Committee:
Assembly Higher Education
Law Section:
Education Law
Laws Affected:
Amd ยง6304, Ed L

2015-A8016 (ACTIVE) - Summary

Provides for state payment to offset deficiency in its obligated payments for operating costs of community colleges.

2015-A8016 (ACTIVE) - Bill Text download pdf

                            
                    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


              

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