Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
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Jan 03, 2018 |
referred to higher education |
Jan 27, 2017 |
referred to higher education |
Senate Bill S3819
2017-2018 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) 60th Senate District
(R, C, IP) 54th Senate District
(R, C, IP) Senate District
(R, C, IP) Senate District
2017-S3819 (ACTIVE) - Details
2017-S3819 (ACTIVE) - Summary
Expands the eligibility and increases the number of awards for the New York state young farmers loan forgiveness incentive program to undergraduate and graduate degrees; increases the number of such awards from ten to twenty; increases the amount of such award from fifty to sixty thousand dollars upon the end of a six year, rather than five year, period.
2017-S3819 (ACTIVE) - Sponsor Memo
BILL NUMBER: S3819 TITLE OF BILL : An act to amend the education law, in relation to expanding the eligibility and increasing the number of awards for the New York state young farmers loan forgiveness incentive program PURPOSE : To amend the education law so as to expand the eligibility and increase the number of awards available through the New York State Young Farmers Loan Forgiveness Incentive Program for the purpose of student loan forgiveness and alleviating the burden of student debt on young farmers. SUMMARY OF PROVISIONS : Section 679-f of the education law is amended to expand the eligibility criteria and increase the number of awards that shall be granted from no more than ten to twenty. It further increases the duration of the award from five to six years. JUSTIFICATION : The New York State Young Farmers Loan Forgiveness Incentive Program
2017-S3819 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ S. 3819 A. 3148 2017-2018 Regular Sessions S E N A T E - A S S E M B L Y January 27, 2017 ___________ IN SENATE -- Introduced by Sens. LAVALLE, GALLIVAN, RITCHIE, SERINO, SEWARD -- read twice and ordered printed, and when printed to be committed to the Committee on Higher Education IN ASSEMBLY -- Introduced by M. of A. THIELE -- read once and referred to the Committee on Higher Education AN ACT to amend the education law, in relation to expanding the eligi- bility and increasing the number of awards for the New York state young farmers 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 679-f of the education law, as added by section 1 of part Y of chapter 56 of the laws of 2014, is amended to read as follows: § 679-f. New York state young farmers loan forgiveness incentive program. 1. Purpose. The president shall grant student loan forgiveness awards for the purpose of alleviating the burden of student loan debt for young farmers. Such awards shall be made on a competitive basis, in accordance with rules and regulations promulgated by the corporation for such purposes, to applicants who meet the eligibility criteria. Such rules and regulations shall include provisions for the consideration of applicants who are economically disadvantaged. 2. Eligibility. To be eligible for an award pursuant to this section, applicants shall: (a) have graduated and obtained [a] AN UNDERGRADUATE OR GRADUATE degree from an approved New York state college or universi- ty; (b) have an outstanding student loan debt from obtaining such degree; (c) operate a farm in New York state on a full-time basis; (d) agree to operate such farm for the duration of no less than five years; (e) apply for this program within two years of college graduation; and (f) comply with subdivisions three and five of section six hundred sixty-one of this part. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted.
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