S T A T E O F N E W Y O R K
________________________________________________________________________
6745
2025-2026 Regular Sessions
I N S E N A T E
March 21, 2025
___________
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 reporting requirements
of the state university of New York and city university of New York
THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:
Section 1. Section 359 of the education law is amended by adding a new
subdivision 5 to read as follows:
5. THE TRUSTEES OF THE STATE UNIVERSITY OF NEW YORK SHALL REQUIRE, ON
OR BEFORE NOVEMBER FIRST OF EACH YEAR, AN ANNUAL REPORT OF THE RESEARCH
FOUNDATION OF THE STATE UNIVERSITY OF NEW YORK, AND AN ANNUAL REPORT OF
STATE-OPERATED INSTITUTIONS' AND COMMUNITY COLLEGES' CAMPUS FOUNDATIONS
AND THEIR SUBSIDIARIES, IN A STANDARDIZED FORMAT DEVELOPED BY THE CHAN-
CELLOR. THE ANNUAL REPORTS REQUIRED BY THIS SUBDIVISION SHALL BE POSTED
PUBLICLY ON THE WEBSITE OF THE STATE UNIVERSITY OF NEW YORK IN A MACHINE
READABLE FORMAT BY NOVEMBER FIRST OF EACH YEAR. THE REPORTS SHALL
INCLUDE, BUT NOT BE LIMITED TO:
A. FINANCIAL REPORTS, INCLUDING: AUDITED FINANCIALS IN ACCORDANCE WITH
ALL APPLICABLE REGULATIONS AND FOLLOWING GENERALLY ACCEPTED ACCOUNTING
PRINCIPLES AS DEFINED IN SUBDIVISION TEN OF SECTION TWO OF THE STATE
FINANCE LAW, AND ANY LONG-TERM LIABILITIES;
B. A LIST OF ALL CONTRACTS, INCLUDING AMOUNT, PURPOSE AND IDENTIFYING
VENDOR INFORMATION OF EACH CONTRACT; AND
C. A LIST OF ALL FOUNDATION AND STATE UNIVERSITY EMPLOYEES BY CAMPUS,
DEPARTMENT AND JOB LOCATION, AND THE AMOUNT SPENT BY CAMPUS, DEPARTMENT
AND JOB LOCATION WHICH SHALL INCLUDE ANNUAL EMPLOYEE SALARIES OR OTHER
COMPENSATION, EMPLOYEE JOB TITLES AND DESCRIPTIONS AND EMPLOYEE BENE-
FITS.
§ 2. Section 6233 of the education law is amended by adding a new
subdivision 4 to read as follows:
EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD09856-01-5
S. 6745 2
4. THE TRUSTEES OF THE CITY UNIVERSITY OF NEW YORK SHALL REQUIRE, ON
OR BEFORE NOVEMBER FIRST OF EACH YEAR, AN ANNUAL REPORT OF THE RESEARCH
FOUNDATION OF THE CITY UNIVERSITY OF NEW YORK, AND AN ANNUAL REPORT OF
SENIOR COLLEGES' AND COMMUNITY COLLEGES' CAMPUS FOUNDATIONS AND THEIR
SUBSIDIARIES, IN A STANDARDIZED FORMAT DEVELOPED BY THE CHANCELLOR. THE
ANNUAL REPORTS REQUIRED BY THIS SUBDIVISION SHALL BE POSTED PUBLICLY ON
THE WEBSITE OF THE CITY UNIVERSITY OF NEW YORK IN A MACHINE READABLE
FORMAT, BY NOVEMBER FIRST OF EACH YEAR. THE REPORTS SHALL INCLUDE, BUT
NOT BE LIMITED TO:
A. FINANCIAL REPORTS, INCLUDING: AUDITED FINANCIALS IN ACCORDANCE WITH
ALL APPLICABLE REGULATIONS AND FOLLOWING GENERALLY ACCEPTED ACCOUNTING
PRINCIPLES AS DEFINED IN SUBDIVISION TEN OF SECTION TWO OF THE STATE
FINANCE LAW, AND ANY LONG-TERM LIABILITIES;
B. A LIST OF ALL CONTRACTS, INCLUDING AMOUNT, PURPOSE AND IDENTIFYING
VENDOR INFORMATION OF EACH CONTRACT; AND
C. A LIST OF ALL FOUNDATION AND STATE UNIVERSITY EMPLOYEES BY CAMPUS,
DEPARTMENT AND JOB LOCATION, AND THE AMOUNT SPENT BY CAMPUS, DEPARTMENT
AND JOB LOCATION WHICH SHALL INCLUDE ANNUAL EMPLOYEE SALARIES OR OTHER
COMPENSATION, EMPLOYEE JOB TITLES AND DESCRIPTIONS AND EMPLOYEE BENE-
FITS.
§ 3. The reports required in sections one and two of this act may not
disclose the following information that: (a) is specifically exempted
from disclosure by state or federal statute; (b) if disclosed would
constitute an unwarranted invasion of personal privacy under the
provisions of subdivision 2 of section 89 of the public officers law;
(c) if disclosed would impair present or imminent contract awards or
collective bargaining negotiations; (d) are trade secrets or are submit-
ted to an entity by a commercial enterprise or derived from information
obtained from a commercial enterprise and which if disclosed would cause
substantial injury to the competitive position of the subject enter-
prise; (e) are records of an entity relating to charitable donors or
prospective donors, including but not limited to the fund-raising strat-
egies of agencies identified in subdivision 3 of section 86 of the
public officers law, provided that records relating to fund-raising
strategies would, if disclosed, impair the ability of those entities to
attract or gain donations, and provided further that the name of any
donor and the amount of donation made by such donor shall be subject to
disclosure if such donor, or any entity in which such donor has a
substantial interest, seeks to transact business, or does transact busi-
ness, with the entity to which the donation is made within three years
of the date of such donation; and (f) are academic or scientific
research or research-related records, including any draft, preliminary
or unfunded grant or contract document, whether sponsored by the entity
itself or in conjunction with a third party, or records relating to the
entity's intellectual property, which, if disclosed, would adversely
affect license, patent, copyright or other rights of the entity. This
section shall not permit an entity to withhold records or portions ther-
eof pertaining to the name, title, expenditure, source or amount of
public funding relating to such research or intellectual property.
§ 4. Nothing in this act shall be construed to supersede the
provisions of chapter 10 of the laws of 2006.
§ 5. This act shall take effect on the first of January next succeed-
ing the date on which it shall have become a law. Effective immediately,
the addition, amendment and/or repeal of any rule or regulation neces-
sary for the implementation of this act on its effective date are
authorized to be made and completed on or before such effective date.
