Senate Bill S3214

2023-2024 Legislative Session

Establishes a loan forgiveness program for child care providers

download bill text pdf

Sponsored By

Current 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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2023-S3214 (ACTIVE) - Details

See Assembly Version of this Bill:
A9077
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
2021-2022: S8353, A3655

2023-S3214 (ACTIVE) - Summary

Establishes a loan forgiveness program for child care providers that have earned an undergraduate or graduate degree from a two or four year college or university in the state.

2023-S3214 (ACTIVE) - Sponsor Memo

2023-S3214 (ACTIVE) - Bill Text download pdf 

                             
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   3214
 
                        2023-2024 Regular Sessions
 
                             I N  S E N A T E
 
                             January 30, 2023
                                ___________
 
 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.
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD08148-01-3

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