S T A T E O F N E W Y O R K
________________________________________________________________________
509
2017-2018 Regular Sessions
I N A S S E M B L Y
January 9, 2017
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Introduced by M. of A. MAGNARELLI, LIFTON, PERRY -- Multi-Sponsored by
-- M. of A. ABBATE, COLTON, GOTTFRIED, JAFFEE, LUPARDO,
PEOPLES-STOKES -- read once and referred to the Committee on Higher
Education
AN ACT to amend the education law, in relation to creating the child
care professionals loan forgiveness incentive program
THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:
Section 1. Section 605 of the education law is amended by adding a new
subdivision 13 to read as follows:
13. NEW YORK STATE CHILD CARE PROFESSIONALS LOAN FORGIVENESS INCENTIVE
PROGRAM. A. PURPOSE. THE PRESIDENT SHALL GRANT STUDENT LOAN FORGIVENESS
AWARDS FOR THE PURPOSE OF INCREASING THE NUMBER OF CHILD CARE PROFES-
SIONALS EMPLOYED IN NEW YORK STATE. SUCH AWARDS SHALL BE MADE ON A
COMPETITIVE BASIS TO APPLICANTS WHO HAVE GRADUATED FROM AN INSTITUTION
OF HIGHER EDUCATION APPROVED OR REGISTERED BY THE REGENTS.
B. ELIGIBILITY. (1) TO BE ELIGIBLE TO RECEIVE AN AWARD PURSUANT TO
THIS SUBDIVISION, AN APPLICANT MUST BE A RESIDENT OF NEW YORK STATE WHO
HAS GRADUATED FROM AN INSTITUTION OF HIGHER EDUCATION AND HAS AN
OUTSTANDING STUDENT LOAN DEBT.
(2) SUCH AWARDS SHALL BE MADE ANNUALLY TO ELIGIBLE APPLICANTS WHO,
PRIOR TO ACCEPTING SUCH AWARDS, ENGAGED IN TWELVE MONTHS OF SERVICE AS A
CHILD CARE PROFESSIONAL IN A CHILD DAY CARE FACILITY LICENSED OR REGIS-
TERED PURSUANT TO THE SOCIAL SERVICES LAW OR THE ADMINISTRATIVE CODE OF
THE CITY OF NEW YORK AND SUCH AWARDS SHALL NOT EXCEED AN AMOUNT OF TWEN-
TY-FIVE THOUSAND DOLLARS AND SHALL BE MADE TO SUCH APPLICANTS, PURSUANT
TO THE FOLLOWING SCHEDULE:
(I) TWENTY PERCENT TO BE AWARDED UPON THE COMPLETION OF THE FIRST
YEAR;
(II) THIRTY PERCENT TO BE AWARDED UPON THE COMPLETION OF THE SECOND
YEAR; AND
EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD00561-01-7
A. 509 2
(III) FIFTY PERCENT TO BE AWARDED UPON THE COMPLETION OF THE THIRD
YEAR.
(3) RECIPIENTS OF SUCH AWARDS SHALL BE ELIGIBLE TO APPLY FOR OTHER
AWARDS ESTABLISHED UNDER THIS CHAPTER.
C. DURATION. SUCH AWARDS SHALL BE MADE ANNUALLY, FOR NO MORE THAN
THREE YEARS, TO APPLICANTS WHO REMAIN ELIGIBLE UNDER THIS SUBDIVISION
AND WHO ARE CERTIFIED AS SUCH BY THE CORPORATION.
D. AMOUNT. THE CORPORATION SHALL GRANT SUCH AWARDS WITHIN THE AMOUNTS
APPROPRIATED FOR SUCH PURPOSE AND BASED ON THE AVAILABILITY OF FUNDS IN
AN AMOUNT NOT TO EXCEED THE TOTAL COST OF THE COMPLETION OF SUCH DEGREE
PROGRAMS. COST OF COMPLETION OF SUCH DEGREES SHALL INCLUDE: TUITION AT
AN INSTITUTION OF HIGHER EDUCATION APPROVED OR REGISTERED BY THE REGENTS
AND OTHER REQUIRED OR REASONABLE STUDENT FEES.
§ 2. This act shall take effect immediately.