Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Jan 15, 2025 |
referred to higher education |
Assembly Bill A2180
2025-2026 Legislative Session
Sponsored By
HYNDMAN
Current Bill Status - In Assembly Committee
- Introduced
-
- In Committee Assembly
- In Committee Senate
-
- On Floor Calendar Assembly
- On Floor Calendar Senate
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- Passed Assembly
- Passed Senate
- Delivered to Governor
- Signed By Governor
Actions
2025-A2180 (ACTIVE) - Details
2025-A2180 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 2180 2025-2026 Regular Sessions I N A S S E M B L Y January 15, 2025 ___________ Introduced by M. of A. HYNDMAN -- read once and referred to the Commit- tee on Higher Education 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 This act shall take effect immediately and shall expire and be deemed repealed 5 years after such date.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. LBD04991-01-5
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