Senate Bill S8352

2021-2022 Legislative Session

Relates to establishing a committee to study the feasibility of funding a kindergarten to college/career ready program and a universal college savings account

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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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2021-S8352 (ACTIVE) - Details

Current Committee:
Senate Higher Education
Law Section:
Education
Versions Introduced in 2023-2024 Legislative Session:
S3213

2021-S8352 (ACTIVE) - Summary

Establishes a committee to study the feasibility of funding a kindergarten to college/career ready program and a universal college savings account.

2021-S8352 (ACTIVE) - Sponsor Memo

2021-S8352 (ACTIVE) - Bill Text download pdf

                             
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   8352
 
                             I N  S E N A T E
 
                             February 15, 2022
                                ___________
 
 Introduced  by  Sen.  CLEARE -- read twice and ordered printed, and when
   printed to be committed to the Committee on Higher Education
 
 AN ACT to establish a committee to study the feasibility  of  funding  a
   kindergarten  to  college/career ready program and a universal college
   savings account; and providing for the repeal of such provisions  upon
   expiration thereof

   THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section 1. a. There is hereby established a  committee  to  study  the
 feasibility of creating, structuring, managing, marketing, and funding a
 kindergarten  to  college/career  (K2C/C)  ready program and a universal
 college savings account, the purpose of which shall be to promote  indi-
 vidual financial literacy among low and moderate income families.
   b.  The  members  of  the committee shall be selected as follows: five
 members of the New York state assembly, appointed by the speaker of  the
 assembly,  one  of  whom  shall be a member of the children and families
 committee, one of whom shall be a member of the education committee, one
 of whom shall be a member of the ways and means committee, one  of  whom
 shall be a member of the banks committee; and one member of the New York
 state  senate,  appointed  by the temporary president of the senate. The
 members of the study committee shall elect a chairperson from among  the
 members.  Four  members  of  the committee shall constitute a quorum for
 voting purposes.
   c. The committee shall study the feasibility of creating, structuring,
 managing, marketing, and funding a K2C/C ready program and  a  universal
 college  savings  account  and  asset  building program in New York. The
 committee shall:
   (1) review the structure and success of the K2C ready program  in  San
 Francisco  and  the status of similar programs in Ohio, Nevada, Washing-
 ton, and elsewhere in the United States;
   (2) determine the projected population of kindergarten children to  be
 served;

  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD06553-03-2
 S. 8352                             2
              

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