S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                  9912--A
 
                           I N  A S S E M B L Y
 
                              April 19, 2022
                                ___________
 
 Introduced  by M. of A. CLARK -- read once and referred 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 establishing a state
   university of New York  pilot  program  to  encourage  individuals  in
   college  to  enter  the financial planning industry; and providing for
   the repeal of such provisions upon expiration thereof
 
   THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section  1. The education law is amended by adding a new section 355-f
 to read as follows:
   § 355-F. STATE UNIVERSITY OF NEW YORK FINANCIAL CAREER PILOT  PROGRAM.
 1.    THERE  SHALL  BE ESTABLISHED BY THE BOARD OF TRUSTEES OF THE STATE
 UNIVERSITY, A STATE  UNIVERSITY  OF  NEW  YORK  FINANCIAL  CAREER  PILOT
 PROGRAM DESIGNED TO EDUCATE COLLEGE STUDENTS ON THE CAREER OPPORTUNITIES
 IN THE FINANCIAL PLANNING INDUSTRY.
   2. THE BOARD OF TRUSTEES SHALL, THROUGH ITS OWN MEANS OR BY PARTNERING
 WITH  A  COMPANY  THAT IMPLEMENTS FINANCIAL CAREER PLANNING INITIATIVES,
 CREATE A PILOT PROGRAM THAT WORKS WITH THE  FOLLOWING  STATE  UNIVERSITY
 CAMPUS  RESOURCES  TO  CREATE A WELL-ROUNDED PROGRAM AND DIVERSE STUDENT
 INVOLVEMENT:
   (A) CAMPUS MULTI-CULTURAL CENTER;
   (B) CAMPUS CAREER COUNSELING CENTER; AND
   (C) ANY OTHER CAMPUS RESOURCE DEEMED NECESSARY FOR THE PROGRAM  ESTAB-
 LISHED PURSUANT TO THIS SECTION.
   3.  (A)  IN  CONJUNCTION  WITH  THE  STATE UNIVERSITY, THE BOARD SHALL
 CREATE A PILOT PROGRAM THAT INCLUDES:
   (I) A PAID INTERNSHIP AT AN APPROVED FINANCIAL INSTITUTION;
   (II) CAREER COUNSELING;
   (III) PREPARATION FOR THE SECURITY INDUSTRY ESSENTIALS EXAM; AND
   (IV) A GRADE POINT AVERAGE REQUIREMENT OF 2.8 ON A 4.0 SCALE;
   (B) THE BOARD SHALL DETERMINE A  FINANCIAL  INSTITUTION'S  ELIGIBILITY
 CRITERIA  TO  RECEIVE A STUDENT EMPLOYEE WHICH SHALL INCLUDE, BUT NOT BE
 LIMITED TO, THE FOLLOWING:
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
              

                                                            LBD15066-08-2
 A. 9912--A                          2
 
   (I) AN APPLICATION TO BE COMPLETED BY THE FINANCIAL INSTITUTION;
   (II)  A  MANDATED,  VIRTUAL ORIENTATION TO BE ATTENDED BY THE APPROVED
 FINANCIAL INSTITUTIONS' REPRESENTATIVES;
   (III) AN AGREEMENT TO PAY THE STUDENT EMPLOYEES AT A SET  WAGE  TO  BE
 DETERMINED BY THE BOARD OF TRUSTEES;
   (IV) AN APPROVED STUDENT TO MENTOR RATIO; AND
   (V)  REPORTING REQUIREMENTS ON STUDENT AND PROGRAM SUCCESS, INCLUDING,
 BUT NOT LIMITED TO, A MID-SEMESTER  AND  FINAL  REVIEW  OF  THE  STUDENT
 EMPLOYEE  WHICH  MAY  INCLUDE, BUT IS NOT LIMITED TO, THE FOLLOWING ON A
 SCALE OF EXCEPTIONAL, GOOD, FAIR, AND UNSATISFACTORY:
   (1) QUALITY OF WORK;
   (2) ABILITY TO MEET DEADLINES;
   (3) WRITTEN COMMUNICATION SKILLS;
   (4) ORAL COMMUNICATION SKILLS; AND
   (5) THE ABILITY TO ASSESS AND INITIATE THINGS INDEPENDENTLY.
   4. THE BOARD OF TRUSTEES SHALL BE RESPONSIBLE FOR MONITORING THE QUAL-
 ITY, APPROPRIATENESS AND EFFECTIVENESS OF SUCH PROGRAM AND SHALL  REPORT
 TO  THE  LEGISLATURE  WITHIN  ONE  YEAR  OF  THE  EFFECTIVE DATE OF THIS
 SECTION, AND ON THE  FIRST  OF  JANUARY  ANNUALLY  THEREAFTER,  ON  SUCH
 PROGRAM'S EFFECTIVENESS.
   §  2.  This  act shall take effect immediately and shall expire and be
 deemed repealed three years after such date.