Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Jan 05, 2022 |
referred to higher education |
Jan 22, 2021 |
referred to higher education |
Assembly Bill A3296
2021-2022 Legislative Session
Sponsored By
EPSTEIN
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
Actions
co-Sponsors
Richard Gottfried
Karines Reyes
Charles Barron
2021-A3296 (ACTIVE) - Details
- Current Committee:
- Assembly Higher Education
- Law Section:
- Education Law
- Laws Affected:
- Add §239-c, amd §5001, Ed L
- Versions Introduced in 2019-2020 Legislative Session:
-
A7769
2021-A3296 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 3296 2021-2022 Regular Sessions I N A S S E M B L Y January 22, 2021 ___________ Introduced by M. of A. EPSTEIN, GOTTFRIED, REYES, BARRON -- read once and referred to the Committee on Higher Education AN ACT to amend the education law, in relation to reporting and publish- ing of certain financial statements and statistical reports received by the commissioner of education THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. The education law is amended by adding a new section 239-c to read as follows: § 239-C. FOR-PROFIT HIGHER EDUCATION INSTITUTIONS; ENHANCED REPORTING. 1. AS USED IN THIS SECTION THE TERM "FOR-PROFIT INSTITUTION OF HIGHER EDUCATION" MEANS A SCHOOL THAT: (A) PROVIDES A PROGRAM LEADING TO AN ASSOCIATES OR BACCALAUREATE DEGREE; (B) IS LEGALLY AUTHORIZED IN NEW YORK STATE TO PROVIDE A PROGRAM OF EDUCATION BEYOND SECONDARY EDUCATION; AND (C) IS NEITHER A PUBLIC OR NONPROFIT INSTITUTION. 2. FOR SCHOOL FISCAL YEARS BEGINNING ON AND AFTER JULY FIRST, TWO THOUSAND TWENTY-TWO, EACH FOR-PROFIT INSTITUTION OF HIGHER EDUCATION SHALL FILE ANNUALLY AN AUDITED FINANCIAL STATEMENT AUDITED ACCORDING TO GENERALLY ACCEPTED AUDITING STANDARDS BY AN INDEPENDENT CERTIFIED PUBLIC ACCOUNTANT OR AN INDEPENDENT PUBLIC ACCOUNTANT AND STATISTICAL REPORTS CERTIFIED BY THE OWNER OR OPERATOR OF THE INSTITUTION, AS REQUIRED BY THE COMMISSIONER; PROVIDED, HOWEVER, THAT THE COMMISSIONER SHALL ACCEPT A COPY OF A CURRENT FINANCIAL STATEMENT PREVIOUSLY FILED BY AN INSTITU- TION WITH ANY OTHER GOVERNMENTAL AGENCY IN COMPLIANCE WITH THE PROVISIONS OF ANY FEDERAL OR STATE LAWS, OR RULES OR REGULATIONS IF SUCH STATEMENT CONTAINS ALL OF THE INFORMATION REQUIRED UNDER THIS SECTION AND CONFORMS TO THIS SECTION'S REQUIREMENTS OF AUDITING, REVIEW AND CERTIFICATION. ANY REQUIRED AUDIT OF THE FINANCIAL STATEMENT SHALL BE EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD02087-01-1
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