senate Bill S2692

2017-2018 Legislative Session

Relates to establishing additional loan forgiveness benefits

download bill text pdf

Sponsored By

Archive: Last Bill Status - In Senate Committee Higher Education Committee


  • Introduced
  • In Committee
  • On Floor Calendar
    • Passed Senate
    • Passed Assembly
  • Delivered to Governor
  • Signed/Vetoed by Governor

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Actions

view actions (2)
Assembly Actions - Lowercase
Senate Actions - UPPERCASE
Jan 03, 2018 referred to higher education
Jan 17, 2017 referred to higher education

Co-Sponsors

S2692 (ACTIVE) - Details

Current Committee:
Senate Higher Education
Law Section:
Education Law
Laws Affected:
Amd §679-g, Ed L
Versions Introduced in Other Legislative Sessions:
2015-2016: S7493
2019-2020: S784
2021-2022: S1470

S2692 (ACTIVE) - Summary

Relates to establishing additional loan forgiveness benefits; negative population growth.

S2692 (ACTIVE) - Sponsor Memo

S2692 (ACTIVE) - Bill Text download pdf


                    S T A T E   O F   N E W   Y O R K
________________________________________________________________________

                                  2692

                       2017-2018 Regular Sessions

                            I N  S E N A T E

                            January 17, 2017
                               ___________

Introduced  by  Sen. BRESLIN -- 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  establishing  addi-
  tional loan forgiveness benefits

  THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:

  Section 1. Section 679-g of the education law is amended by  adding  a
new subdivision 5 to read as follows:
  5.  ADDITIONAL  LOAN  FORGIVENESS  BENEFITS.  (A)  PAYMENTS UNDER THIS
PROGRAM SHALL BE AVAILABLE FOR  AN  ADDITIONAL  TWENTY-FOUR  MONTHS  FOR
APPLICANTS  RESIDING  IN  COUNTIES  IN  THIS STATE THAT HAVE EXPERIENCED
NEGATIVE POPULATION GROWTH FROM JANUARY  FIRST,  TWO  THOUSAND,  TO  THE
LATEST  AVAILABLE ANNUAL ESTIMATES OF THE RESIDENT POPULATION. A RECIPI-
ENT WHO IS NOT A RESIDENT OF SUCH A COUNTY AT  THE  TIME  AN  ADDITIONAL
PAYMENT  IS MADE UNDER THIS SUBDIVISION SHALL BE REQUIRED TO REFUND SUCH
PAYMENTS TO THE STATE. THE CORPORATION SHALL BE  AUTHORIZED  TO  RECOVER
SUCH  PAYMENTS  IN  ACCORDANCE WITH RULES AND REGULATIONS PROMULGATED BY
THE CORPORATION.
  (B) ANY COUNTY THAT  EXPERIENCES  TWENTY-FOUR  CONSECUTIVE  MONTHS  OF
POPULATION GROWTH AS DETERMINED BY THE LATEST AVAILABLE ANNUAL ESTIMATES
OF  RESIDENT  POPULATION BY THE UNITED STATES BUREAU OF THE CENSUS SHALL
BE INELIGIBLE FOR THE ADDITIONAL BENEFITS DESCRIBED UNDER PARAGRAPH  (A)
OF  THIS  SUBDIVISION,  UNLESS  AND  UNTIL  SUCH  COUNTY EXPERIENCES SIX
CONSECUTIVE MONTHS OF POPULATION DECLINE.
  § 2. This act shall take effect immediately.



 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD07530-01-7

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