Senate Bill S5562

2019-2020 Legislative Session

Relates to creating the proprietary college tuition reimbursement account

download bill text pdf

Sponsored By

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


  • Introduced
    • In Committee Assembly
    • In Committee Senate
    • On Floor Calendar Assembly
    • On Floor Calendar Senate
    • Passed Assembly
    • Passed Senate
  • Delivered to Governor
  • Signed By Governor

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Bill Amendments

2019-S5562 - Details

See Assembly Version of this Bill:
A8119
Current Committee:
Senate Higher Education
Law Section:
Education Law
Laws Affected:
Add §212-d, Ed L; add §97-j, St Fin L
Versions Introduced in Other Legislative Sessions:
2021-2022: A2459
2023-2024: A5411

2019-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.

2019-S5562 - Sponsor Memo

2019-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.
              

2019-S5562A (ACTIVE) - Details

See Assembly Version of this Bill:
A8119
Current Committee:
Senate Higher Education
Law Section:
Education Law
Laws Affected:
Add §212-d, Ed L; add §97-j, St Fin L
Versions Introduced in Other Legislative Sessions:
2021-2022: A2459
2023-2024: A5411

2019-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.

2019-S5562A (ACTIVE) - Sponsor Memo

2019-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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