Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Feb 15, 2022 |
referred to higher education |
Senate Bill S8353
2021-2022 Legislative Session
Sponsored By
(D) 30th 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
(D, WF) 25th Senate District
2021-S8353 (ACTIVE) - Details
- See Assembly Version of this Bill:
- A3655
- Current Committee:
- Senate Higher Education
- Law Section:
- Education Law
- Laws Affected:
- Add §679-k, Ed L
- Versions Introduced in Other Legislative Sessions:
-
2019-2020:
A10243
2023-2024: S3214, A9077
2021-S8353 (ACTIVE) - Sponsor Memo
BILL NUMBER: S8353 SPONSOR: CLEARE TITLE OF BILL: An act to amend the education law, in relation to establishing a loan forgiveness program for child care providers PURPOSE OR GENERAL IDEA OF BILL: This bill grants eligible students loan forgiveness. This would essen- tially increase the. number of child care Providers. SUMMARY OF SPECIFIC PROVISIONS: Section one states the purpose of the loan forgiveness program outlined in 'section six hundred ninety-five b is.to increase the number of child care providers. To be eligible for an award the pursuant must have grad- uated from a two or four year school, substantial debt, comply with subdivision five of section six hundred sixty-one, and be employed full time as a child care provider. The awards shall be granted for up to ten thousand dollars per year. The' corporation is authorized to promulgate
2021-S8353 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 8353 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 amend the education law, in relation to establishing a loan forgiveness program for child care providers 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 679-k to read as follows: § 679-K. THE NEW YORK STATE CHILD CARE PROVIDER LOAN FORGIVENESS PROGRAM. 1. PURPOSE. THE PRESIDENT SHALL GRANT STUDENT LOAN FORGIVENESS AWARDS FOR THE PURPOSE OF INCREASING THE NUMBER OF CHILD CARE PROVIDERS, AS DEFINED IN SECTION SIX HUNDRED NINETY-FIVE-B OF THE LABOR LAW, SERV- ING IN THE STATE. 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. 2. ELIGIBILITY. TO BE ELIGIBLE FOR AN AWARD PURSUANT TO THIS SUBDIVI- SION, APPLICANTS SHALL: (A) HAVE GRADUATED AND OBTAINED AN UNDERGRADUATE OR GRADUATE DEGREE FROM AN ACCREDITED TWO OR FOUR-YEAR COLLEGE OR UNIVERSITY LOCATED IN NEW YORK STATE; (B) HAVE OUTSTANDING STUDENT LOAN DEBT FROM OBTAINING SUCH DEGREE; (C) COMPLY WITH SUBDIVISION FIVE OF SECTION SIX HUNDRED SIXTY-ONE OF THIS PART; AND (D) BE EMPLOYED FULL TIME IN THIS STATE AS A CHILD CARE PROVIDER. 3. AWARDS. AWARDS SHALL BE GRANTED TO QUALIFIED APPLICANTS IN THE AMOUNT OF UP TO TEN THOUSAND DOLLARS PER YEAR, PER APPLICANT, NOT TO EXCEED A DURATION OF FOUR YEARS AND NOT TO EXCEED THE TOTAL AMOUNT OF SUCH APPLICANT'S STUDENT LOAN DEBT. THE CORPORATION SHALL GRANT SUCH AWARDS WITHIN AMOUNTS APPROPRIATED FOR SUCH PURPOSES AND BASED ON THE AVAILABILITY OF FUNDS. NO ONE APPLICANT SHALL RECEIVE MORE THAN A TOTAL OF FORTY THOUSAND DOLLARS UPON THE END OF A FOUR-YEAR PERIOD. 4. RULES AND REGULATIONS. THE CORPORATION IS AUTHORIZED TO PROMULGATE RULES AND REGULATIONS AND MAY PROMULGATE EMERGENCY REGULATIONS NECESSARY FOR THE IMPLEMENTATION OF THE PROVISIONS OF THIS SECTION. § 2. This act shall take effect immediately. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
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