New York A 6329: Enacts the wetlands homeowner's relief act

Bill Text

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A06329 Summary:

BILL NOA06329 

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SAME ASNo Same As

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SPONSORWoerner

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COSPNSR

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MLTSPNSR

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Amd §669-e, Ed L

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Modifies the requirements for the New York state science, technology, engineering and mathematics incentive program for when an award gets converted to a student loan.

Go to top A06329 Actions:

BILL NOA06329 

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03/04/2025referred to higher education

01/07/2026referred to higher education

Go to topA06329 Committee&nbspVotes:

Go to topA06329 Floor&nbspVotes:

There are no Assembly votes for this bill in this legislative session.

Go to topA06329 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 6329

 2025-2026 Regular Sessions

 IN ASSEMBLY

 March 4, 2025
 ___________

 Introduced by M. of A. WOERNER -- read once and referred to the Commit-
 tee on Higher Education

 AN ACT to amend the education law, in relation to requirements for the
 New York state science, technology, engineering and mathematics incen-
 tive program

 The People of the State of New York, represented in Senate and Assem-
 bly, do enact as follows:

 1 Section 1. Subdivision 4 of section 669-e of the education law, as
 2 amended by section 1 of part BB of chapter 56 of the laws of 2018, is
 3 amended to read as follows:
 4 4. The corporation shall convert to a student loan the full amount of
 5 the award given pursuant to this section, plus interest, according to a
 6 schedule to be determined by the corporation if: (a) a recipient fails
 7 to complete an approved undergraduate program in science, technology,
 8 engineering or mathematics or changes majors to a program of undergradu-
 9 ate study other than in science, technology, engineering or mathematics;
 10 or (b) upon completion of such undergraduate degree program a recipient
 11 fails to either (i) complete the equivalent of five years of [contin-
 12 uous] full time employment in the science, technology, engineering or
 13 mathematics field with a public or private entity located within New
 14 York state within eight years of completing such undergraduate degree
 15 program, or (ii) maintain residency in New York state [for] during such
 16 recipient's period of qualifying employment in the science, technology,
 17 engineering or mathematics field; or (c) a recipient fails to respond to
 18 requests by the corporation for the status of [his or her] their academ-
 19 ic or professional progress. The terms and conditions of this subdivi-
 20 sion shall be deferred for individuals who graduate with a degree in an
 21 approved undergraduate program in science, technology, engineering or
 22 mathematics and enroll on at least a half-time basis in a graduate or
 23 higher degree program or other professional licensure degree program
 24 until they are conferred a degree, and shall also be deferred for any

 EXPLANATION--Matter in italics (underscored) is new; matter in brackets
 [ ] is old law to be omitted.
 LBD10256-01-5

 A. 6329 2

 1 interruption in undergraduate study or employment as established by the
 2 rules and regulations of the corporation. The terms and conditions of
 3 this subdivision may also be deferred for a grace period, to be estab-
 4 lished by the corporation, following the completion of an approved
 5 undergraduate program in science, technology, engineering or mathematics
 6 a graduate or higher degree program or other professional licensure
 7 degree program. Any obligation to comply with such provisions as
 8 outlined in this section shall be cancelled upon the death of the recip-
 9 ient. Notwithstanding any provisions of this subdivision to the contra-
 10 ry, the corporation is authorized to promulgate rules and regulations to
 11 provide for the waiver or suspension of any financial obligation which
 12 would involve extreme hardship.
 13 § 2. This act shall take effect immediately.

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