Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Jan 06, 2010 |
referred to higher education |
Feb 11, 2009 |
referred to higher education |
Senate Bill S2047
2009-2010 Legislative Session
Sponsored By
(R) Senate District
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
Actions
co-Sponsors
(R, C, IP) Senate District
(R, C, IP) Senate District
(R, C) Senate District
(R) Senate District
2009-S2047 (ACTIVE) - Details
- Current Committee:
- Senate Higher Education
- Law Section:
- Education Law
- Laws Affected:
- Amd ยง207-a, Ed L
- Versions Introduced in Other Legislative Sessions:
-
2011-2012:
S1808
2013-2014: S1559
2015-2016: S217
2009-S2047 (ACTIVE) - Sponsor Memo
BILL NUMBER: S2047 TITLE OF BILL : An act to amend the education law, in relation to the disclosure of gifts made to institutions of higher education by foreign governments, persons and entities PURPOSE : This bill clarifies and adds enforcement provisions to existing statutory requirements regarding the disclosure of gifts made to higher education institutions by foreign entities as defined by law. SUMMARY OF PROVISIONS : Section 207-a of the education law currently requires that any higher education institution in New York State disclose any gift and/or requirements attached to gifts valued at more than $100,000 to the State Education Department within 30 days after the end of that institution's fiscal year. It also requires additional information regarding the amount and date of the gift, conditions and matching requirements, if any, along with the name of the foreign entity, as defined in law. New provisions added in this bill under Section 207-a(2),(4),(5) require that any foundation associated with the institution also be subject to these reporting requirements. The law imposes a fine of not
2009-S2047 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 2047 2009-2010 Regular Sessions I N S E N A T E February 11, 2009 ___________ Introduced by Sens. LAVALLE, DeFRANCISCO, O. JOHNSON, LARKIN, MAZIARZ, MORAHAN, PARKER, SALAND, VOLKER -- 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 the disclosure of gifts made to institutions of higher education by foreign governments, persons and entities THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Section 207-a of the education law, as added by chapter 215 of the laws of 1984, is amended to read as follows: S 207-a. Disclosure of gifts made to institutions of higher education by foreign governments, persons and entities. 1. As used in this section: a. The term "foreign government" shall mean any government other than the United States government or the government of a state or a political subdivision thereof and shall include an agent of such government; b. The term "foreign legal entity" shall mean (i) any legal entity created under the laws of a foreign government or (ii) any legal entity created under the laws of the United States or of any state hereof if a majority of the ownership of the stock of such legal entity is directly or indirectly owned legally or beneficially by one or more foreign governments or one or more foreign persons or one or more legal entities created under the laws of a foreign government or if a majority of the membership of any such entity is composed of foreign persons or legal entities created under the laws of a foreign government and shall include an agent of such legal entity; c. The term "foreign person" shall mean any individual who is not a citizen or national of the United States or a trust territory or protec- torate thereof and shall include an agent of such individual; and d. The term "gift" shall mean any endowment, gift, grant, contract, award or property of any kind. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD07964-01-9
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