S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   2483
 
                        2017-2018 Regular Sessions
 
                             I N  S E N A T E
 
                             January 13, 2017
                                ___________
 
 Introduced  by  Sens. LAVALLE, MURPHY -- read twice and ordered printed,
   and when printed to be committed to the Committee on Higher Education
 
 AN ACT to amend the education law, in  relation  to  tuition  assistance
   program awards
 
   THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section 1. Paragraph a of subdivision 3 of section 667 of  the  educa-
 tion law, as amended by section 1 of part B of chapter 60 of the laws of
 2000,  item  1 of clause (A) of subparagraph (i) as amended by section 1
 of part H of chapter 58 of the laws of 2011, the  opening  paragraph  of
 item 1 of clause (A) of subparagraph (i) as amended by section 2 of part
 X of chapter 56 of the laws of 2014, subitem (a) of item 1 of clause (A)
 of  subparagraph  (i) as amended by section 2 of part U of chapter 56 of
 the laws of 2014, subitem (b) of item 1 of clause  (A)  of  subparagraph
 (i) as amended by section 3 of part U of chapter 56 of the laws of 2014,
 subitem  (c)  of  item 1 of clause (A) of subparagraph (i) as amended by
 section 1 of part U of chapter 56 of the laws of 2014,  subitem  (d)  of
 item 1 of clause (A) of subparagraph (i) as added by section 1 of part E
 of  chapter 58 of the laws of 2011, item 2 of clause (A) of subparagraph
 (i) as amended by section 2 of part H of chapter 58 of the laws of  2011
 and  subparagraph  (iii) as amended by section 3 of part H of chapter 58
 of the laws of 2011, is amended to read as follows:
   a. Amount. The president shall make awards  to  students  enrolled  in
 degree-granting   institutions  or  registered  not-for-profit  business
 schools qualified for tax exemption under § 501(c)(3)  of  the  internal
 revenue code for federal income tax purposes in the following amounts:
   (i) For each year of undergraduate study, assistance shall be provided
 as  computed  on  the  basis  of  the  amount which is the lesser of the
 following:
   (A) (1) In the case of students who have not been granted an exclusion
 of parental income, who have qualified as an orphan,  foster  child,  or
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
              

                                                            LBD02997-01-7

 S. 2483                             2
 
 ward  of  the  court  for  the purposes of federal student financial aid
 programs authorized by Title IV of the Higher Education Act of 1965,  as
 amended,  or had a dependent for income tax purposes during the tax year
 next  preceding  the academic year for which application is made, except
 for those students who have been granted exclusion  of  parental  income
 who have a spouse but no other dependent:
   (a)  For  students  first receiving aid after nineteen hundred ninety-
 three--nineteen hundred ninety-four and before two  thousand--two  thou-
 sand one, four thousand two hundred ninety dollars; or
   (b) For students first receiving aid in nineteen hundred ninety-three-
 -nineteen  hundred  ninety-four or earlier, three thousand seven hundred
 forty dollars; or
   (c) For students first receiving aid in two thousand--two thousand one
 and thereafter, five thousand dollars, except starting in  two  thousand
 fourteen-two thousand fifteen and thereafter such students shall receive
 five thousand one hundred sixty-five dollars; or
   (d)  FOR  STUDENTS  FIRST RECEIVING AID IN TWO THOUSAND SEVENTEEN--TWO
 THOUSAND EIGHTEEN AND THEREAFTER,  SIX  THOUSAND  FOUR  HUNDRED  SEVENTY
 DOLLARS; OR
   (E)  For  undergraduate  students  enrolled in a program of study at a
 non-public degree-granting institution that does not offer a program  of
 study  that leads to a baccalaureate degree, or at a registered not-for-
 profit  business  school  qualified  for  tax  exemption  under  section
 501(c)(3)  of  the internal revenue code for federal income tax purposes
 that does not offer a program of study that  leads  to  a  baccalaureate
 degree,  four  thousand  dollars.  Provided,  however, that this subitem
 shall not apply to students enrolled in a program of study leading to  a
 certificate or degree in nursing.
   (2)  In the case of students receiving awards pursuant to subparagraph
 (iii) of this paragraph and those students who have been granted  exclu-
 sion of parental income who have a spouse but no other dependent.
   (a) FOR STUDENTS RECEIVING AID IN TWO THOUSAND SEVENTEEN--TWO THOUSAND
 EIGHTEEN AND THEREAFTER, SIX THOUSAND FOUR HUNDRED SEVENTY DOLLARS, OR
   (B)  For  students first receiving aid in nineteen hundred ninety-four
 --nineteen hundred ninety-five and nineteen  hundred  ninety-five--nine-
 teen  hundred  ninety-six  and  thereafter,  three  thousand twenty-five
 dollars, or
   [(b)] (C) For students first receiving aid in nineteen  hundred  nine-
 ty-two--nineteen hundred ninety-three and nineteen hundred ninety-three-
 -nineteen  hundred  ninety-four,  two thousand five hundred seventy-five
 dollars, or
   [(c)] (D) For students first receiving aid in nineteen  hundred  nine-
 ty-one--nineteen  hundred  ninety-two  or  earlier,  two  thousand  four
 hundred fifty dollars; or
   (B) (1) Ninety-five percent of the amount  of  tuition  (exclusive  of
 educational  fees) charged and, if applicable, the college fee levied by
 the state university of New York pursuant to the April  first,  nineteen
 hundred sixty-four financing agreement with the New York state dormitory
 authority.
   (2) For the two thousand one--two thousand two academic year and ther-
 eafter one hundred percent of the amount of tuition (exclusive of educa-
 tional  fees)  charged and, if applicable, the college fee levied by the
 state university of New York  pursuant  to  the  April  first,  nineteen
 hundred sixty-four financing agreement with the New York state dormitory
 authority.

 S. 2483                             3
 
   (ii)  Except for students as noted in subparagraph (iii) of this para-
 graph, the base amount as determined from subparagraph (i) of this para-
 graph, shall be reduced in relation to income as follows:
 
 Amount of income                    Schedule of reduction
                                     of base amount
 
 (A) Less than [seven] EIGHT         None
     thousand SEVEN HUNDRED
     FIFTY dollars
 (B) [Seven] EIGHT thousand          Seven per centum of excess
     SEVEN HUNDRED FIFTY             over [seven] EIGHT
     dollars or more, but less than  thousand SEVEN HUNDRED
     [eleven] THIRTEEN thousand      FIFTY dollars
     SEVEN HUNDRED FIFTY dollars
 (C) [Eleven] THIRTEEN thousand      [Two] THREE
     SEVEN HUNDRED FIFTY             hundred [eighty] FIFTY
     dollars or more, but less than  dollars plus ten per centum of excess
     [eighteen] TWENTY-TWO           over [eleven] THIRTEEN
     thousand FIVE HUNDRED           thousand SEVEN HUNDRED
     dollars                         FIFTY dollars
 (D) [Eighteen] TWENTY-TWO           [Nine] ONE THOUSAND
     thousand FIVE HUNDRED           TWO hundred
     dollars or more, but not more   [eighty] TWENTY-FIVE dollars
     than [eighty] ONE               plus twelve per centum of
     HUNDRED thousand dollars        excess over [eighteen]
                                     TWENTY-TWO thousand
                                     FIVE HUNDRED dollars;
 
 PROVIDED  THAT  DEPENDENT  STUDENTS WHOSE PARENTAL INCOME EXCEEDS EIGHTY
 THOUSAND DOLLARS BUT NOT MORE THAN  ONE  HUNDRED  THOUSAND  DOLLARS,  OR
 STUDENTS  WITH  A  DEPENDENT  AND  INCOME  IN  EXCESS OF EIGHTY THOUSAND
 DOLLARS, BUT NOT MORE THAN ONE HUNDRED THOUSAND DOLLARS, SHALL  ONLY  BE
 ELIGIBLE  FOR AWARDS IF HE OR SHE FIRST RECEIVES AN AWARD BEGINNING WITH
 THE TWO THOUSAND SEVENTEEN--TWO THOUSAND EIGHTEEN ACADEMIC YEAR.
 
   (iii) (A) For students who have been  granted  exclusion  of  parental
 income  and were single with no dependent for income tax purposes during
 the tax year next preceding the academic year for which  application  is
 made,  the  base amount, as determined in subparagraph (i) of this para-
 graph, shall be reduced in relation to income as follows:
 
 Amount of income                    Schedule of reduction
                                     of base amount
 
 (1) Less than [three] TEN thousand  None
     FIVE HUNDRED dollars
 (2) [Three] TEN thousand            Thirty-one per centum of
     FIVE HUNDRED dollars or more,   amount in excess of
     but not more than [ten]         [three] TEN thousand
     THIRTY-FIVE thousand dollars    FIVE HUNDRED
                                     dollars;
 
 PROVIDED THAT STUDENTS WITH INCOMES IN EXCESS OF  TEN  THOUSAND  DOLLARS
 BUT  NOT  MORE THAN THIRTY-FIVE THOUSAND DOLLARS, SHALL ONLY BE ELIGIBLE

 S. 2483                             4
 
 FOR AWARDS IF HE OR SHE FIRST RECEIVES AN AWARD BEGINNING WITH  THE  TWO
 THOUSAND SEVENTEEN--TWO THOUSAND EIGHTEEN ACADEMIC YEAR.
   (B)  For  those  students  who have been granted exclusion of parental
 income who have a spouse but no other dependent, for income tax purposes
 during the tax year next preceding the academic year for which  applica-
 tion is made, the base amount, as determined in subparagraph (i) of this
 paragraph, shall be reduced in relation to income as follows:
 
 Amount of income                    Schedule of reduction
                                     of base amount
 
 (1) Less than [seven] EIGHT         None
     thousand SEVEN HUNDRED FIFTY
     dollars
 (2) [Seven] EIGHT thousand          Seven per centum of excess
     SEVEN HUNDRED FIFTY             over [seven]
     dollars or more, but less than  EIGHT thousand
     [eleven] THIRTEEN               SEVEN HUNDRED FIFTY
     thousand SEVEN HUNDRED          dollars
     FIFTY dollars
 (3) [Eleven] THIRTEEN               [Two] THREE
     thousand SEVEN HUNDRED          hundred [eighty]
     FIFTY dollars or                FIFTY dollars plus
     more, but less than             ten per centum of excess
     [eighteen] TWENTY-TWO           over [eleven]
     thousand FIVE HUNDRED           THIRTEEN thousand
     dollars                         SEVEN HUNDRED FIFTY dollars
 (4) [Eighteen] TWENTY-TWO           [Nine] ONE
     thousand FIVE HUNDRED           THOUSAND TWO
     dollars or more, but not        hundred [eighty] TWENTY-FIVE
     more than [forty] FIFTY         dollars plus twelve per centum
     thousand dollars                of excess over [eighteen] TWENTY-TWO
                                     thousand FIVE HUNDRED dollars;
 
 PROVIDED  THAT STUDENTS WITH INCOMES IN EXCESS OF FORTY THOUSAND DOLLARS
 BUT NOT MORE THAN FIFTY THOUSAND DOLLARS, SHALL  ONLY  BE  ELIGIBLE  FOR
 AWARDS IF HE OR SHE FIRST RECEIVES AN AWARD BEGINNING WITH THE TWO THOU-
 SAND SEVENTEEN--TWO THOUSAND EIGHTEEN ACADEMIC YEAR.
   (iv)  If  the  amount  of reduction is not a whole dollar, it shall be
 reduced to the next lowest whole dollar. In the case of any student  who
 has  received  four  or  more  payments  pursuant  to any and all awards
 provided for in this subdivision, for the two thousand--two thousand one
 academic year the base amount shall be  reduced  by  an  additional  one
 hundred fifty dollars for the two thousand one--two thousand two academ-
 ic year and thereafter the base amount shall be reduced by an additional
 one hundred dollars.
   (v)  The  award  shall be the net amount of the base amount determined
 pursuant to subparagraph (i)  of  this  paragraph  reduced  pursuant  to
 subparagraph  (ii) or (iii) of this paragraph but the award shall not be
 reduced for the two thousand--two thousand one and two thousand one--two
 thousand two academic years below two hundred  seventy-five  dollars  if
 the  amount  of  income is eighty thousand dollars or less and more than
 seventy thousand dollars,  three  hundred  twenty-five  dollars  if  the
 amount of income is seventy thousand dollars or less and more than sixty
 thousand  dollars  and four hundred twenty-five dollars if the amount of
 income is sixty thousand dollars or less.

 S. 2483                             5
 
   (vi) For the two thousand two--two thousand three  academic  year  and
 thereafter,  the award shall be the net amount of the base amount deter-
 mined pursuant to subparagraph (i) of this paragraph reduced pursuant to
 subparagraph (ii) or (iii) of this paragraph but the award shall not  be
 reduced below five hundred dollars.
   § 2. This act shall take effect April 1, 2018, provided that the addi-
 tion,  amendment  and/or  repeal of any rule or regulation necessary for
 the implementation of this act on its effective date is  authorized  and
 directed  to be made and completed by the president of the higher educa-
 tion services corporation on or before such effective date.

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                  2483--A
 
                        2017-2018 Regular Sessions
 
                             I N  S E N A T E
 
                             January 13, 2017
                                ___________
 
 Introduced  by  Sens. LAVALLE, MURPHY, PERALTA -- read twice and ordered
   printed, and when printed to be committed 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  tuition  assistance
   program awards

   THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section 1. Paragraph a of subdivision 3 of section 667 of  the  educa-
 tion law, as amended by section 1 of part B of chapter 60 of the laws of
 2000,  item  1 of clause (A) of subparagraph (i) as amended by section 1
 of part H of chapter 58 of the laws of 2011, the  opening  paragraph  of
 item 1 of clause (A) of subparagraph (i) as amended by section 2 of part
 X of chapter 56 of the laws of 2014, subitem (a) of item 1 of clause (A)
 of  subparagraph  (i) as amended by section 2 of part U of chapter 56 of
 the laws of 2014, subitem (b) of item 1 of clause  (A)  of  subparagraph
 (i) as amended by section 3 of part U of chapter 56 of the laws of 2014,
 subitem  (c)  of  item 1 of clause (A) of subparagraph (i) as amended by
 section 1 of part U of chapter 56 of the laws of 2014,  subitem  (d)  of
 item 1 of clause (A) of subparagraph (i) as added by section 1 of part E
 of  chapter 58 of the laws of 2011, item 2 of clause (A) of subparagraph
 (i) as amended by section 2 of part H of chapter 58 of the laws of  2011
 and  subparagraph  (iii) as amended by section 3 of part H of chapter 58
 of the laws of 2011, is amended to read as follows:
   a. Amount. The president shall make awards  to  students  enrolled  in
 degree-granting   institutions  or  registered  not-for-profit  business
 schools qualified for tax exemption under § 501(c)(3)  of  the  internal
 revenue code for federal income tax purposes in the following amounts:
   (i) For each year of undergraduate study, assistance shall be provided
 as  computed  on  the  basis  of  the  amount which is the lesser of the
 following:

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

                                                            LBD02997-02-7

 S. 2483--A                          2
 
   (A) (1) In the case of students who have not been granted an exclusion
 of parental income, who have qualified as an orphan,  foster  child,  or
 ward  of  the  court  for  the purposes of federal student financial aid
 programs authorized by Title IV of the Higher Education Act of 1965,  as
 amended,  or had a dependent for income tax purposes during the tax year
 next preceding the academic year for which application is  made,  except
 for  those  students  who have been granted exclusion of parental income
 who have a spouse but no other dependent:
   (a) For students first receiving aid after  nineteen  hundred  ninety-
 three--nineteen  hundred  ninety-four and before two thousand--two thou-
 sand one, four thousand two hundred ninety dollars; or
   (b) For students first receiving aid in nineteen hundred ninety-three-
 -nineteen hundred ninety-four or earlier, three thousand  seven  hundred
 forty dollars; or
   (c) For students first receiving aid in two thousand--two thousand one
 and  thereafter,  five thousand dollars, except starting in two thousand
 fourteen-two thousand fifteen and thereafter such students shall receive
 five thousand one hundred sixty-five dollars; or
   (d) FOR STUDENTS FIRST RECEIVING AID  IN  TWO  THOUSAND  EIGHTEEN--TWO
 THOUSAND  NINETEEN  AND  THEREAFTER,  SIX  THOUSAND FOUR HUNDRED SEVENTY
 DOLLARS; OR
   (E) For undergraduate students enrolled in a program  of  study  at  a
 non-public  degree-granting institution that does not offer a program of
 study that leads to a baccalaureate degree, or at a registered  not-for-
 profit  business  school  qualified  for  tax  exemption  under  section
 501(c)(3) of the internal revenue code for federal income  tax  purposes
 that  does  not  offer  a program of study that leads to a baccalaureate
 degree, four thousand dollars.  Provided,  however,  that  this  subitem
 shall  not apply to students enrolled in a program of study leading to a
 certificate or degree in nursing.
   (2) In the case of students receiving awards pursuant to  subparagraph
 (iii)  of this paragraph and those students who have been granted exclu-
 sion of parental income who have a spouse but no other dependent.
   (a) FOR STUDENTS RECEIVING AID IN TWO THOUSAND EIGHTEEN--TWO  THOUSAND
 NINETEEN AND THEREAFTER, SIX THOUSAND FOUR HUNDRED SEVENTY DOLLARS, OR
   (B)  For  students first receiving aid in nineteen hundred ninety-four
 --nineteen hundred ninety-five and nineteen  hundred  ninety-five--nine-
 teen  hundred  ninety-six  and  thereafter,  three  thousand twenty-five
 dollars, or
   [(b)] (C) For students first receiving aid in nineteen  hundred  nine-
 ty-two--nineteen hundred ninety-three and nineteen hundred ninety-three-
 -nineteen  hundred  ninety-four,  two thousand five hundred seventy-five
 dollars, or
   [(c)] (D) For students first receiving aid in nineteen  hundred  nine-
 ty-one--nineteen  hundred  ninety-two  or  earlier,  two  thousand  four
 hundred fifty dollars; or
   (B) (1) Ninety-five percent of the amount  of  tuition  (exclusive  of
 educational  fees) charged and, if applicable, the college fee levied by
 the state university of New York pursuant to the April  first,  nineteen
 hundred sixty-four financing agreement with the New York state dormitory
 authority.
   (2) For the two thousand one--two thousand two academic year and ther-
 eafter one hundred percent of the amount of tuition (exclusive of educa-
 tional  fees)  charged and, if applicable, the college fee levied by the
 state university of New York  pursuant  to  the  April  first,  nineteen

 S. 2483--A                          3
 
 hundred sixty-four financing agreement with the New York state dormitory
 authority.
   (ii)  Except for students as noted in subparagraph (iii) of this para-
 graph, the base amount as determined from subparagraph (i) of this para-
 graph, shall be reduced in relation to income as follows:
 
 Amount of income                    Schedule of reduction
                                     of base amount
 
 (A) Less than [seven] EIGHT         None
     thousand SEVEN HUNDRED
     FIFTY dollars
 (B) [Seven] EIGHT thousand          Seven per centum of excess
     SEVEN HUNDRED FIFTY             over [seven] EIGHT
     dollars or more, but less than  thousand SEVEN HUNDRED
     [eleven] THIRTEEN thousand      FIFTY dollars
     SEVEN HUNDRED FIFTY dollars
 (C) [Eleven] THIRTEEN thousand      [Two] THREE
     SEVEN HUNDRED FIFTY             hundred [eighty] FIFTY
     dollars or more, but less than  dollars plus ten per centum of excess
     [eighteen] TWENTY-TWO           over [eleven] THIRTEEN
     thousand FIVE HUNDRED           thousand SEVEN HUNDRED
     dollars                         FIFTY dollars
 (D) [Eighteen] TWENTY-TWO           [Nine] ONE THOUSAND
     thousand FIVE HUNDRED           TWO hundred
     dollars or more, but not more   [eighty] TWENTY-FIVE dollars
     than [eighty] ONE               plus twelve per centum of
     HUNDRED thousand dollars        excess over [eighteen]
                                     TWENTY-TWO thousand
                                     FIVE HUNDRED dollars;
 
 PROVIDED THAT DEPENDENT STUDENTS WHOSE PARENTAL  INCOME  EXCEEDS  EIGHTY
 THOUSAND  DOLLARS  BUT  NOT  MORE  THAN ONE HUNDRED THOUSAND DOLLARS, OR
 STUDENTS WITH A DEPENDENT  AND  INCOME  IN  EXCESS  OF  EIGHTY  THOUSAND
 DOLLARS,  BUT  NOT MORE THAN ONE HUNDRED THOUSAND DOLLARS, SHALL ONLY BE
 ELIGIBLE FOR AWARDS IF HE OR SHE FIRST RECEIVES AN AWARD BEGINNING  WITH
 THE TWO THOUSAND EIGHTEEN--TWO THOUSAND NINETEEN ACADEMIC YEAR.
 
   (iii)  (A)  For  students  who have been granted exclusion of parental
 income and were single with no dependent for income tax purposes  during
 the  tax  year next preceding the academic year for which application is
 made, the base amount, as determined in subparagraph (i) of  this  para-
 graph, shall be reduced in relation to income as follows:
 
 Amount of income                    Schedule of reduction
                                     of base amount
 
 (1) Less than [three] TEN thousand  None
     FIVE HUNDRED dollars
 (2) [Three] TEN thousand            Thirty-one per centum of
     FIVE HUNDRED dollars or more,   amount in excess of
     but not more than [ten]         [three] TEN thousand
     THIRTY-FIVE thousand dollars    FIVE HUNDRED
                                     dollars;

 S. 2483--A                          4

 PROVIDED  THAT  STUDENTS  WITH INCOMES IN EXCESS OF TEN THOUSAND DOLLARS
 BUT NOT MORE THAN THIRTY-FIVE THOUSAND DOLLARS, SHALL ONLY  BE  ELIGIBLE
 FOR  AWARDS  IF HE OR SHE FIRST RECEIVES AN AWARD BEGINNING WITH THE TWO
 THOUSAND EIGHTEEN--TWO THOUSAND NINETEEN ACADEMIC YEAR.
   (B)  For  those  students  who have been granted exclusion of parental
 income who have a spouse but no other dependent, for income tax purposes
 during the tax year next preceding the academic year for which  applica-
 tion is made, the base amount, as determined in subparagraph (i) of this
 paragraph, shall be reduced in relation to income as follows:
 
 Amount of income                    Schedule of reduction
                                     of base amount
 
 (1) Less than [seven] EIGHT         None
     thousand SEVEN HUNDRED FIFTY
     dollars
 (2) [Seven] EIGHT thousand          Seven per centum of excess
     SEVEN HUNDRED FIFTY             over [seven]
     dollars or more, but less than  EIGHT thousand
     [eleven] THIRTEEN               SEVEN HUNDRED FIFTY
     thousand SEVEN HUNDRED          dollars
     FIFTY dollars
 (3) [Eleven] THIRTEEN               [Two] THREE
     thousand SEVEN HUNDRED          hundred [eighty]
     FIFTY dollars or                FIFTY dollars plus
     more, but less than             ten per centum of excess
     [eighteen] TWENTY-TWO           over [eleven]
     thousand FIVE HUNDRED           THIRTEEN thousand
     dollars                         SEVEN HUNDRED FIFTY dollars
 (4) [Eighteen] TWENTY-TWO           [Nine] ONE
     thousand FIVE HUNDRED           THOUSAND TWO
     dollars or more, but not        hundred [eighty] TWENTY-FIVE
     more than [forty] FIFTY         dollars plus twelve per centum
     thousand dollars                of excess over [eighteen] TWENTY-TWO
                                     thousand FIVE HUNDRED dollars;
 
 PROVIDED  THAT STUDENTS WITH INCOMES IN EXCESS OF FORTY THOUSAND DOLLARS
 BUT NOT MORE THAN FIFTY THOUSAND DOLLARS, SHALL  ONLY  BE  ELIGIBLE  FOR
 AWARDS IF HE OR SHE FIRST RECEIVES AN AWARD BEGINNING WITH THE TWO THOU-
 SAND EIGHTEEN--TWO THOUSAND NINETEEN ACADEMIC YEAR.
   (iv)  If  the  amount  of reduction is not a whole dollar, it shall be
 reduced to the next lowest whole dollar. In the case of any student  who
 has  received  four  or  more  payments  pursuant  to any and all awards
 provided for in this subdivision, for the two thousand--two thousand one
 academic year the base amount shall be  reduced  by  an  additional  one
 hundred fifty dollars for the two thousand one--two thousand two academ-
 ic year and thereafter the base amount shall be reduced by an additional
 one hundred dollars.
   (v)  The  award  shall be the net amount of the base amount determined
 pursuant to subparagraph (i)  of  this  paragraph  reduced  pursuant  to
 subparagraph  (ii) or (iii) of this paragraph but the award shall not be
 reduced for the two thousand--two thousand one and two thousand one--two
 thousand two academic years below two hundred  seventy-five  dollars  if
 the  amount  of  income is eighty thousand dollars or less and more than
 seventy thousand dollars,  three  hundred  twenty-five  dollars  if  the
 amount of income is seventy thousand dollars or less and more than sixty

 S. 2483--A                          5
 
 thousand  dollars  and four hundred twenty-five dollars if the amount of
 income is sixty thousand dollars or less.
   (vi)  For  the  two thousand two--two thousand three academic year and
 thereafter, the award shall be the net amount of the base amount  deter-
 mined pursuant to subparagraph (i) of this paragraph reduced pursuant to
 subparagraph  (ii) or (iii) of this paragraph but the award shall not be
 reduced below five hundred dollars.
   § 2. This act shall take effect April 1, 2018, provided that the addi-
 tion, amendment and/or repeal of any rule or  regulation  necessary  for
 the  implementation of this act on its effective date are authorized and
 directed to be made and completed by the president of the higher  educa-
 tion services corporation on or before such effective date.