senate Bill S5562A

2019-2020 Legislative Session

Relates to creating the proprietary college tuition reimbursement account

download bill text pdf

Sponsored By

Current Bill Status - In Senate Committee Rules 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 (4)
Assembly Actions - Lowercase
Senate Actions - UPPERCASE
Jun 12, 2019 print number 5562a
Jun 12, 2019 amend and recommit to rules
May 14, 2019 reported and committed to rules
May 07, 2019 referred to higher education

Votes

view votes

May 14, 2019 - Higher Education committee Vote

S5562
5
3
committee
5
Aye
3
Nay
3
Aye with Reservations
0
Absent
0
Excused
0
Abstained
show committee vote details

Committee Vote: May 14, 2019

aye wr (3)

S5562 - Details

See Assembly Version of this Bill:
A8119
Current Committee:
Senate Rules
Law Section:
Education Law
Laws Affected:
Add §212-d, Ed L; add §97-j, St Fin L

S5562 - Summary

Relates to degree-granting proprietary colleges; creates the proprietary college tuition reimbursement account for the refund of tuition paid by eligible students asserting certain violations; establishes an assessment to be paid by proprietary schools to fund the account.

S5562 - Sponsor Memo

S5562 - Bill Text download pdf


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

                                  5562

                       2019-2020 Regular Sessions

                            I N  S E N A T E

                               May 7, 2019
                               ___________

Introduced  by Sen. STAVISKY -- 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  degree-granting
  proprietary  colleges; and to amend the state finance law, in relation
  to creating the proprietary college tuition reimbursement account

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

  Section  1.  This  act shall be known and may be cited as the "degree-
granting proprietary college supervision and student protection act".
  § 2. The education law is amended by adding a  new  section  212-d  to
read as follows:
  §  212-D.  PROPRIETARY  COLLEGE TUITION REIMBURSEMENT ACCOUNT. 1.  FEE
ASSESSMENT.  (A) THE COMMISSIONER SHALL ANNUALLY ASSESS  AND  HAVE  EACH
PROPRIETARY  DEGREE-GRANTING  COLLEGE  PAY A FEE BASED ON THAT COLLEGE'S
GROSS ANNUAL INCOME INTO A  PROPRIETARY  COLLEGE  TUITION  REIMBURSEMENT
ACCOUNT. THE GROSS ANNUAL INCOME SHALL BE DETERMINED BY ANNUAL FINANCIAL
STATEMENTS THAT ARE SUBMITTED TO THE COMMISSIONER.
  (B)  THE  GROSS  ANNUAL  INCOME FEE SHALL BE ASSESSED ACCORDING TO THE
FOLLOWING SCHEDULE:
                         GROSS ANNUAL INCOME FEE
  GROSS ANNUAL INCOME BETWEEN 0-$199,999 - ASSESSED FEE = $1,000.00
  GROSS  ANNUAL  INCOME  BETWEEN  $200,000-$499,999  -  ASSESSED  FEE  =
$1,500.00
  GROSS  ANNUAL  INCOME  BETWEEN  $500,000-$999,999  -  ASSESSED  FEE  =
$2,500.00
  GROSS ANNUAL INCOME BETWEEN $1,000,000-$4,999,999  -  ASSESSED  FEE  =
$5,000.00
  GROSS  ANNUAL  INCOME  BETWEEN  $5,000,000-$9,999,999 - ASSESSED FEE =
$10,000.00
  GROSS ANNUAL INCOME BETWEEN $10,000,000 OR  ABOVE  -  ASSESSED  FEE  =
$20,000.00

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

S5562A (ACTIVE) - Details

See Assembly Version of this Bill:
A8119
Current Committee:
Senate Rules
Law Section:
Education Law
Laws Affected:
Add §212-d, Ed L; add §97-j, St Fin L

S5562A (ACTIVE) - Summary

Relates to degree-granting proprietary colleges; creates the proprietary college tuition reimbursement account for the refund of tuition paid by eligible students asserting certain violations; establishes an assessment to be paid by proprietary schools to fund the account.

S5562A (ACTIVE) - Sponsor Memo

S5562A (ACTIVE) - Bill Text download pdf


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

                                 5562--A

                       2019-2020 Regular Sessions

                            I N  S E N A T E

                               May 7, 2019
                               ___________

Introduced  by Sen. STAVISKY -- read twice and ordered printed, and when
  printed to be committed  to  the  Committee  on  Higher  Education  --
  reported  favorably from said committee and committed to the Committee
  on Rules -- committee discharged, bill amended, ordered  reprinted  as
  amended and recommitted to said committee

AN  ACT  to  amend  the  education  law,  in relation to degree-granting
  proprietary colleges; and to amend the state finance law, in  relation
  to creating the proprietary college tuition reimbursement account

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

  Section 1. This act shall be known and may be cited  as  the  "degree-
granting proprietary college supervision and student protection act".
  §  2.  The  education  law is amended by adding a new section 212-d to
read as follows:
  § 212-D. PROPRIETARY COLLEGE TUITION REIMBURSEMENT ACCOUNT.  1.    FEE
ASSESSMENT.    (A)  THE COMMISSIONER SHALL ANNUALLY ASSESS AND HAVE EACH
PROPRIETARY DEGREE-GRANTING COLLEGE PAY A FEE BASED  ON  THAT  COLLEGE'S
GROSS  ANNUAL  INCOME  INTO  A PROPRIETARY COLLEGE TUITION REIMBURSEMENT
ACCOUNT. THE GROSS ANNUAL INCOME SHALL BE DETERMINED BY ANNUAL FINANCIAL
STATEMENTS THAT ARE SUBMITTED TO THE COMMISSIONER.
  (B) THE GROSS ANNUAL INCOME FEE SHALL BE  ASSESSED  ACCORDING  TO  THE
FOLLOWING SCHEDULE:
                         GROSS ANNUAL INCOME FEE
  GROSS ANNUAL INCOME BETWEEN 0-$199,999 - ASSESSED FEE = $1,000.00
  GROSS  ANNUAL  INCOME  BETWEEN  $200,000-$499,999  -  ASSESSED  FEE  =
$1,500.00
  GROSS  ANNUAL  INCOME  BETWEEN  $500,000-$999,999  -  ASSESSED  FEE  =
$2,500.00
  GROSS  ANNUAL  INCOME  BETWEEN  $1,000,000-$4,999,999 - ASSESSED FEE =
$5,000.00

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD11523-04-9

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