senate Bill S1470

2021-2022 Legislative Session

Relates to establishing additional loan forgiveness benefits

download bill text pdf

Sponsored By

Current 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 05, 2022 referred to higher education
Jan 12, 2021 referred to higher education

S1470 (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
2017-2018: S2692
2019-2020: S784

S1470 (ACTIVE) - Summary

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

S1470 (ACTIVE) - Sponsor Memo

S1470 (ACTIVE) - Bill Text download pdf

 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   1470
 
                        2021-2022 Regular Sessions
 
                             I N  S E N A T E
 
                             January 12, 2021
                                ___________
 
 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.
                                                            LBD04027-01-1


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