| Date of Action |
Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|---|---|
| Jan 03, 2018 |
referred to education |
| Aug 14, 2017 |
referred to rules |
Senate Bill S6849
2017-2018 Legislative Session
Sponsored By
(D) Senate District
Archive: Last Bill Status - In Senate Committee Education Committee
Actions
2017-S6849 (ACTIVE) - Details
2017-S6849 (ACTIVE) - Sponsor Memo
BILL NUMBER: S6849
TITLE OF BILL : 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 expiration thereof
PURPOSE :
To allow licensed private career schools whose gross tuition is less
than $100,000 in a school fiscal year and which receives less than one
hundred thousand dollars in state and federal student financial aid in
a school fiscal year to file unaudited financial statements with the
State Education Department, provided that once every three years such
licensed private career school files an audited financial statement
with the State Education Department.
SUMMARY OF PROVISIONS :
Section 1: Amends Section 5001 of the Education Law to allow licensed
private career schools whose gross tuition is less than $100,000 in a
school fiscal year and which receives less than one hundred thousand
dollars in state and federal student financial aid in a school fiscal
year to file unaudited financial statements with the State Education
Department, provided that once every three years such licensed private
career school files an audited financial statement with the State
2017-S6849 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K
________________________________________________________________________
6849
2017-2018 Regular Sessions
I N S E N A T E
August 14, 2017
___________
Introduced by Sen. DILAN -- read twice and ordered printed, and when
printed to be committed to the Committee on Rules
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.
LBD08723-06-7
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