NY State Senate Bill 2017-S6849

Senate Bill S6849

2017-2018 Legislative Session

Relates to licensed private career schools with gross tuition of less than one hundred thousand dollars

download bill text pdf

Archive: Last Bill Status - In Senate Committee 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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Actions

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	Assembly Actions - Lowercase Senate Actions - UPPERCASE
Jan 03, 2018	referred to education
Aug 14, 2017	referred to rules

2017-S6849 (ACTIVE) - Details

See Assembly Version of this Bill:: A8060
Current Committee:: Senate Education
Law Section:: Education Law
Laws Affected:: Amd §5001, Ed L
Versions Introduced in Other Legislative Sessions:: 2019-2020: A4012
2021-2022: A2413
2023-2024: A2349
2025-2026: A2180

2017-S6849 (ACTIVE) - Summary

Relates to licensed private career schools with gross tuition of less than one hundred thousand dollars; authorizes certain licensed private career schools to file an unaudited financial statement under certain circumstances.

2017-S6849 (ACTIVE) - Sponsor Memo

                                 BILL NUMBER:  S6849

 TITLE OF BILL :  An act to amend the education law, in relation to
licensed private career schools with gross tuition of less than one
hundred thousand dollars; and providing for the repeal of such
provisions upon expiration thereof

 PURPOSE :

To allow licensed private career schools whose gross tuition is less
than $100,000 in a school fiscal year and which receives less than one
hundred thousand dollars in state and federal student financial aid in
a school fiscal year to file unaudited financial statements with the
State Education Department, provided that once every three years such
licensed private career school files an audited financial statement
with the State Education Department.

 SUMMARY OF PROVISIONS :

Section 1: Amends Section 5001 of the Education Law to allow licensed
private career schools whose gross tuition is less than $100,000 in a
school fiscal year and which receives less than one hundred thousand
dollars in state and federal student financial aid in a school fiscal
year to file unaudited financial statements with the State Education
Department, provided that once every three years such licensed private
career school files an audited financial statement with the State

Education Department.

Section 2: Sets forth the effective and repeal date.

 JUSTIFICATION :

In recent years, the economy has affected numerous private career
schools. With declines in enrollment and increases in operational
costs and expenses, numerous schools in this sector have been
financially challenged; some even forced to permanently close. This
legislation is in efforts to help lessen the financial burden of the
cost-of-business schools grossing under $100,000 in tuition can
furnish the commissioner with unaudited financial statements. Audited
financial statements can be extremely costly, especially to schools
struggling financially to operate.

 PRIOR LEGISLATIVE HISTORY :

No previous history.

 FISCAL IMPACT :

None.

 EFFECTIVE DATE :
This act shall take effect immediately.

2017-S6849 (ACTIVE) - Bill Text download pdf

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   6849
 
                        2017-2018 Regular Sessions
 
                             I N  S E N A T E
 
                              August 14, 2017
                                ___________
 
 Introduced  by  Sen.  DILAN  -- read twice and ordered printed, and when
   printed to be committed to the Committee on Rules
 
 AN ACT to amend the education  law,  in  relation  to  licensed  private
   career  schools  with  gross tuition of less than one hundred thousand
   dollars; and providing for the repeal of such provisions upon  expira-
   tion thereof

   THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section 1. Paragraph e of subdivision 4 of section 5001 of the  educa-
 tion  law  is  amended  by  adding  a  new  subparagraph (iv) to read as
 follows:
   (IV) SCHOOLS WHOSE GROSS TUITION IS LESS  THAN  ONE  HUNDRED  THOUSAND
 DOLLARS  IN A SCHOOL FISCAL YEAR AND WHICH RECEIVE LESS THAN ONE HUNDRED
 THOUSAND DOLLARS IN STATE AND FEDERAL STUDENT FINANCIAL AID IN A  SCHOOL
 FISCAL  YEAR  SHALL  FILE  WITH  THE COMMISSIONER AN UNAUDITED FINANCIAL
 STATEMENT IN A FORMAT PRESCRIBED BY THE COMMISSIONER, PROVIDED, HOWEVER,
 THAT FOR SUCH SCHOOLS, AUDITED FINANCIAL STATEMENTS  SHALL  BE  REQUIRED
 EVERY  THREE  YEARS,  AT  MINIMUM,  WITH  REVIEWED  FINANCIAL STATEMENTS
 ALLOWED DURING THE YEARS WHERE AN AUDITED  FINANCIAL  STATEMENT  IS  NOT
 FILED.  UPON  A  DETERMINATION  BY  THE  COMMISSIONER  THAT A SCHOOL HAS
 SUBMITTED FALSE OR INACCURATE STATEMENTS OR THAT A  SIGNIFICANT,  UNSUB-
 STANTIATED  DECLINE  IN GROSS TUITION HAS OCCURRED, THE COMMISSIONER MAY
 REQUIRE ANY SUCH SCHOOL TO FILE AN AUDITED FINANCIAL STATEMENT  PURSUANT
 TO THIS PARAGRAPH EVEN DURING YEARS WHEN REVIEWED STATEMENTS WOULD ORDI-
 NARILY BE ALLOWED.
   §  2.  This  act shall take effect immediately and shall expire and be
 deemed repealed 5 years after such date.
 
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD08723-06-7

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