Assembly Bill A405

2013-2014 Legislative Session

Establishes the child care professionals loan forgiveness incentive program

download bill text pdf

Sponsored By

Archive: Last Bill Status - In Assembly 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

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2013-A405 (ACTIVE) - Details

Current Committee:
Assembly Higher Education
Law Section:
Education Law
Laws Affected:
Amd ยง605, Ed L
Versions Introduced in Other Legislative Sessions:
2009-2010: A3265
2011-2012: A4152
2015-2016: A1715
2017-2018: A509
2019-2020: A2907
2021-2022: A1298
2023-2024: A186

2013-A405 (ACTIVE) - Summary

Creates the child care professionals loan forgiveness incentive program for applicants who agree to engage in employment in the child care field; establishes the eligibility for such awards; establishes the amount and duration of such awards.

2013-A405 (ACTIVE) - Bill Text download pdf

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

                                   405

                       2013-2014 Regular Sessions

                          I N  A S S E M B L Y

                               (PREFILED)

                             January 9, 2013
                               ___________

Introduced by M. of A. MAGNARELLI, CLARK, MILLMAN, WRIGHT, LIFTON, PERRY
  --  Multi-Sponsored by -- M. of A. ABBATE, BOYLAND, COLTON, GOTTFRIED,
  HEASTIE, JAFFEE, V. LOPEZ, LUPARDO, MAISEL, PEOPLES-STOKES,  ROBINSON,
  SWEENEY -- 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.
                                                           LBD01490-01-3
              

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