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Assembly Bill A9430

Signed By Governor

2025-2026 Legislative Session

Relates to technical assistance provided to municipalities related to college and university closures; repealer

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Current Bill Status Via S8777 - Signed by Governor

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2025-A9430 (ACTIVE) - Details

See Senate Version of this Bill:
S8777
Law Section:
Economic Development Law
Laws Affected:
Rpld §153, Exec L (as proposed in S.1525 & A.2007); add §12, Ec Dev L
Versions Introduced in 2023-2024 Legislative Session:
A5256

2025-A9430 (ACTIVE) - Summary

Directs the department of economic development to provide certain assistance to municipalities in which a college or university has closed.

2025-A9430 (ACTIVE) - Bill Text download pdf 

                             
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   9430
 
                           I N  A S S E M B L Y
 
                              January 5, 2026
                                ___________
 
 Introduced by M. of A. STIRPE -- read once and referred to the Committee
   on Governmental Operations
 
 AN  ACT  to amend the economic development law, in relation to technical
   assistance provided to municipalities related to college and universi-
   ty closures; and to repeal  section  153  of  the  executive  law,  in
   relation thereto

   THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section 1. Section 153 of the executive law, as added by a chapter  of
 the  laws of 2025 amending the executive law relating to providing tech-
 nical assistance to any municipality that has had a college or universi-
 ty close within such municipality,  as  proposed  in  legislative  bills
 numbers S.  1525 and A. 2007, is REPEALED.
   §  2.  The economic development law is amended by adding a new section
 12 to read as follows:
   § 12. TECHNICAL ASSISTANCE TO MUNICIPALITIES RELATED  TO  COLLEGE  AND
 UNIVERSITY  CLOSURES.  THE DEPARTMENT SHALL PROVIDE TO ANY MUNICIPALITY,
 UPON REQUEST, TECHNICAL ASSISTANCE IN THE EVENT OF A COLLEGE OR  UNIVER-
 SITY  CLOSING  IN SUCH MUNICIPALITY, ON TOPICS INCLUDING BUT NOT LIMITED
 TO:
   1. WORKFORCE TRANSITION AND DEVELOPMENT;
   2. ATTRACTING NEW EMPLOYERS AND ECONOMIC OPPORTUNITIES;
   3. DEVELOPING PLANS FOR THE LAND AND BUILDINGS  FORMERLY  OCCUPIED  BY
 SUCH COLLEGE OR UNIVERSITY; AND
   4.  RECOMMENDATIONS AND PLANNING ASSISTANCE FOR DEALING WITH CREDITORS
 AND OTHER ENTITIES HAVING  A  FINANCIAL  INTEREST  IN  SUCH  COLLEGE  OR
 UNIVERSITY'S  ASSETS  LOCATED  IN  SUCH MUNICIPALITY, PROVIDED, HOWEVER,
 THAT THE STATE SHALL NOT BECOME A PARTY TO ANY LEGAL PROCEEDINGS  PURSU-
 ANT TO THIS SECTION.
   §  3.  This  act  shall  take  effect on the same date and in the same
 manner as a chapter of the laws  of  2025  amending  the  executive  law
 relating  to providing technical assistance to any municipality that has
 had a college or university close within such municipality, as  proposed
 in legislative bills numbers S. 1525 and A. 2007, takes effect.
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.

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