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Assembly Bill A8060A

2017-2018 Legislative Session

Relates to licensed private career schools with gross tuition of less than one hundred thousand dollars

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Archive: Last Bill Status - In Assembly Committee

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Bill Amendments

co-Sponsors

2017-A8060 - Details

See Senate Version of this Bill:
S6849
Current Committee:
Assembly Higher Education
Law Section:
Education Law
Laws Affected:
Amd §5001, Ed L
Versions Introduced in Other Legislative Sessions:
2019-2020: A4012
2021-2022: A2413
2023-2024: A2349
2025-2026: A2180

2017-A8060 - Summary

Relates to licensed private career schools with gross tuition of less than one hundred thousand dollars; authorizes certain licensed private career schools to file an unaudited financial statement under certain circumstances.

2017-A8060 - Bill Text download pdf 

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   8060
 
                        2017-2018 Regular Sessions
 
                           I N  A S S E M B L Y
 
                               May 25, 2017
                                ___________
 
 Introduced  by M. of A. HYNDMAN -- read once and referred to the Commit-
   tee on Higher Education
 
 AN ACT to amend the education  law,  in  relation  to  licensed  private
   career  schools  with  an annual gross income of less than one hundred
   fifty thousand dollars
 
   THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section  1. Paragraph e of subdivision 4 of section 5001 of the educa-
 tion law is amended by  adding  a  new  subparagraph  (iv)  to  read  as
 follows:
   (IV)  SCHOOLS WHOSE GROSS TUITION IS LESS THAN ONE HUNDRED FIFTY THOU-
 SAND DOLLARS IN A SCHOOL FISCAL YEAR SHALL FILE WITH THE COMMISSIONER AN
 UNAUDITED FINANCIAL STATEMENT IN A FORMAT PRESCRIBED BY THE  COMMISSION-
 ER.
   § 2. This act shall take effect immediately.
 
 
 
 
 
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD08723-02-7

co-Sponsors

2017-A8060A (ACTIVE) - Details

See Senate Version of this Bill:
S6849
Current Committee:
Assembly Higher Education
Law Section:
Education Law
Laws Affected:
Amd §5001, Ed L
Versions Introduced in Other Legislative Sessions:
2019-2020: A4012
2021-2022: A2413
2023-2024: A2349
2025-2026: A2180

2017-A8060A (ACTIVE) - Summary

Relates to licensed private career schools with gross tuition of less than one hundred thousand dollars; authorizes certain licensed private career schools to file an unaudited financial statement under certain circumstances.

2017-A8060A (ACTIVE) - Bill Text download pdf 

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                  8060--A
 
                        2017-2018 Regular Sessions
 
                           I N  A S S E M B L Y
 
                               May 25, 2017
                                ___________
 
 Introduced  by  M.  of  A.  HYNDMAN,  McDONALD, DICKENS -- read once and
   referred to the Committee on Higher Education -- committee discharged,
   bill amended, ordered reprinted as amended  and  recommitted  to  said
   committee
 
 AN  ACT  to  amend  the  education  law, in relation to licensed private
   career schools with gross tuition of less than  one  hundred  thousand
   dollars;  and providing for the repeal of such provisions upon expira-
   tion thereof
 
   THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section  1. Paragraph e of subdivision 4 of section 5001 of the educa-
 tion law is amended by  adding  a  new  subparagraph  (iv)  to  read  as
 follows:
   (IV)  SCHOOLS  WHOSE  GROSS  TUITION IS LESS THAN ONE HUNDRED THOUSAND
 DOLLARS IN A SCHOOL FISCAL YEAR AND WHICH RECEIVE LESS THAN ONE  HUNDRED
 THOUSAND  DOLLARS IN STATE AND FEDERAL STUDENT FINANCIAL AID IN A SCHOOL
 FISCAL YEAR SHALL FILE WITH  THE  COMMISSIONER  AN  UNAUDITED  FINANCIAL
 STATEMENT IN A FORMAT PRESCRIBED BY THE COMMISSIONER, PROVIDED, HOWEVER,
 THAT  FOR  SUCH  SCHOOLS, AUDITED FINANCIAL STATEMENTS SHALL BE REQUIRED
 EVERY THREE  YEARS,  AT  MINIMUM,  WITH  REVIEWED  FINANCIAL  STATEMENTS
 ALLOWED  DURING  THE  YEARS  WHERE AN AUDITED FINANCIAL STATEMENT IS NOT
 FILED. UPON A DETERMINATION  BY  THE  COMMISSIONER  THAT  A  SCHOOL  HAS
 SUBMITTED  FALSE  OR INACCURATE STATEMENTS OR THAT A SIGNIFICANT, UNSUB-
 STANTIATED DECLINE IN GROSS TUITION HAS OCCURRED, THE  COMMISSIONER  MAY
 REQUIRE  ANY SUCH SCHOOL TO FILE AN AUDITED FINANCIAL STATEMENT PURSUANT
 TO THIS PARAGRAPH EVEN DURING YEARS WHEN REVIEWED STATEMENTS WOULD ORDI-
 NARILY BE ALLOWED.
   § 2. This act shall take effect immediately and shall  expire  and  be
 deemed repealed 5 years after such date.

  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD08723-05-7

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