Assembly Bill A7947

2017-2018 Legislative Session

Relates to the transfer of certain funds from the licensed private career schools tuition reimbursement account to the proprietary vocational school supervision account

download bill text pdf

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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

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2017-A7947 (ACTIVE) - Details

See Senate Version of this Bill:
S6510
Current Committee:
Senate Higher Education
Law Section:
Education Law
Laws Affected:
Amd §5007, Ed L
Versions Introduced in Other Legislative Sessions:
2019-2020: A4042, S6592
2021-2022: A2470, S5104
2023-2024: A2235, S2165

2017-A7947 (ACTIVE) - Summary

Provides that if the net balance of the reimbursement account exceeds two million five hundred thousand dollars, any amount over two million five hundred thousand dollars shall be transferred to the proprietary vocational school supervision account.

2017-A7947 (ACTIVE) - Bill Text download pdf 

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   7947
 
                        2017-2018 Regular Sessions
 
                           I N  A S S E M B L Y
 
                               May 22, 2017
                                ___________
 
 Introduced by M. of A. HARRIS -- read once and referred to the Committee
   on Higher Education
 
 AN  ACT  to  amend  the  education  law,  in relation to the transfer of
   certain  funds  from  the  licensed  private  career  schools  tuition
   reimbursement account to the proprietary vocational school supervision
   account

   THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section 1. Subdivision 10 of section 5007  of  the  education  law  is
 amended by adding a new paragraph i to read as follows:
   I.  IN  THE  EVENT  THAT  THE NET BALANCE OF THE TUITION REIMBURSEMENT
 ACCOUNT IS IN EXCESS OF TWO MILLION FIVE HUNDRED  THOUSAND  DOLLARS,  AS
 DEFINED  IN PARAGRAPH A OF THIS SUBDIVISION, ANY AMOUNT OVER TWO MILLION
 FIVE HUNDRED THOUSAND DOLLARS  SHALL  BE  TRANSFERRED  DIRECTLY  TO  THE
 PROPRIETARY  VOCATIONAL  SCHOOL  SUPERVISION ACCOUNT UPON REQUEST BY THE
 COMMISSIONER.
   § 2. This act shall take effect immediately.
 
 
 
 
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD11773-02-7

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