S T A T E   O F   N E W   Y O R K
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                                  4152

                       2011-2012 Regular Sessions

                          I N  A S S E M B L Y

                            February 1, 2011
                               ___________

Introduced  by  M.  of A. MAGNARELLI, CLARK, MILLMAN, SCHROEDER, WRIGHT,
  LIFTON, GALEF, N. RIVERA, PERRY -- Multi-Sponsored  by  --  M.  of  A.
  ABBATE,  BOYLAND, COLTON, GOTTFRIED, HEASTIE, JAFFEE, V. LOPEZ, LUPAR-
  DO, MAISEL,  MAYERSOHN,  PEOPLES-STOKES,  PHEFFER,  REILLY,  ROBINSON,
  SWEENEY,  TOWNS  --  read once and referred to the Committee on Higher
  Education

AN ACT to amend the education law, in relation  to  creating  the  child
  care professionals loan forgiveness incentive program

  THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:

  Section 1. Section 605 of the education law is amended by adding a new
subdivision 13 to read as follows:
  13. NEW YORK STATE CHILD CARE PROFESSIONALS LOAN FORGIVENESS INCENTIVE
PROGRAM. A. PURPOSE.  THE PRESIDENT SHALL GRANT STUDENT LOAN FORGIVENESS
AWARDS FOR THE PURPOSE OF INCREASING THE NUMBER OF  CHILD  CARE  PROFES-
SIONALS  EMPLOYED  IN  NEW  YORK  STATE.  SUCH AWARDS SHALL BE MADE ON A
COMPETITIVE BASIS TO APPLICANTS WHO HAVE GRADUATED FROM  AN  INSTITUTION
OF HIGHER EDUCATION APPROVED OR REGISTERED BY THE REGENTS.
  B.  ELIGIBILITY.  (1)  TO  BE ELIGIBLE TO RECEIVE AN AWARD PURSUANT TO
THIS SUBDIVISION, AN APPLICANT MUST BE A RESIDENT OF NEW YORK STATE  WHO
HAS  GRADUATED  FROM  AN  INSTITUTION  OF  HIGHER  EDUCATION  AND HAS AN
OUTSTANDING STUDENT LOAN DEBT.
  (2) SUCH AWARDS SHALL BE MADE ANNUALLY  TO  ELIGIBLE  APPLICANTS  WHO,
PRIOR TO ACCEPTING SUCH AWARDS, ENGAGED IN TWELVE MONTHS OF SERVICE AS A
CHILD  CARE PROFESSIONAL IN A CHILD DAY CARE FACILITY LICENSED OR REGIS-
TERED PURSUANT TO THE SOCIAL SERVICES LAW OR THE ADMINISTRATIVE CODE  OF
THE CITY OF NEW YORK AND SUCH AWARDS SHALL NOT EXCEED AN AMOUNT OF TWEN-
TY-FIVE  THOUSAND DOLLARS AND SHALL BE MADE TO SUCH APPLICANTS, PURSUANT
TO THE FOLLOWING SCHEDULE:
  (I) TWENTY PERCENT TO BE AWARDED UPON  THE  COMPLETION  OF  THE  FIRST
YEAR;

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD04112-01-1
              

A. 4152                             2

  (II)  THIRTY  PERCENT  TO BE AWARDED UPON THE COMPLETION OF THE SECOND
YEAR; AND
  (III)  FIFTY  PERCENT  TO  BE AWARDED UPON THE COMPLETION OF THE THIRD
YEAR.
  (3) RECIPIENTS OF SUCH AWARDS SHALL BE ELIGIBLE  TO  APPLY  FOR  OTHER
AWARDS ESTABLISHED UNDER THIS CHAPTER.
  C.  DURATION.  SUCH  AWARDS  SHALL  BE MADE ANNUALLY, FOR NO MORE THAN
THREE YEARS, TO APPLICANTS WHO REMAIN ELIGIBLE  UNDER  THIS  SUBDIVISION
AND WHO ARE CERTIFIED AS SUCH BY THE CORPORATION.
  D.  AMOUNT. THE CORPORATION SHALL GRANT SUCH AWARDS WITHIN THE AMOUNTS
APPROPRIATED FOR SUCH PURPOSE AND BASED ON THE AVAILABILITY OF FUNDS  IN
AN  AMOUNT NOT TO EXCEED THE TOTAL COST OF THE COMPLETION OF SUCH DEGREE
PROGRAMS. COST OF COMPLETION OF SUCH DEGREES SHALL INCLUDE:  TUITION  AT
AN INSTITUTION OF HIGHER EDUCATION APPROVED OR REGISTERED BY THE REGENTS
AND OTHER REQUIRED OR REASONABLE STUDENT FEES.
  S 2. This act shall take effect immediately.