New York A 4715: Establishes the nurse loan repayment program

Bill Text

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A04715 Summary:

BILL NOA04715 

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SAME ASSAME AS S05971

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SPONSORForrest

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COSPNSRSteck, Cook, McDonough, Brabenec, Colton, DeStefano, Raga, Epstein, Simon

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MLTSPNSR

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Amd §2807-m, Pub Health L

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Establishes the nurse loan repayment program; authorizes the commissioner to award loan repayment awards to nurses serving in underserved areas or nursing homes.

Go to top A04715 Actions:

BILL NOA04715 

&nbsp

02/04/2025referred to health

01/07/2026referred to health

Go to topA04715 Committee&nbspVotes:

Go to topA04715 Floor&nbspVotes:

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

Go to topA04715 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 4715

 2025-2026 Regular Sessions

 IN ASSEMBLY

 February 4, 2025
 ___________

 Introduced by M. of A. FORREST, STECK, COOK, McDONOUGH, BRABENEC,
 COLTON, DeSTEFANO, RAGA -- read once and referred to the Committee on
 Health

 AN ACT to amend the public health law, in relation to establishing the
 nurse loan repayment program

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

 1 Section 1. Section 2807-m of the public health law is amended by
 2 adding a new subdivision 5-c to read as follows:
 3 5-c. Registered nurse loan repayment program. (a) Beginning January
 4 first, two thousand twenty-six, the commissioner is authorized, within
 5 amounts available pursuant to subdivision five-a of this section, to
 6 make loan repayment awards:
 7 (i) to registered professional nurses or other licensed practical
 8 nurses specialities determined by the commissioner to be in short
 9 supply, licensed to practice nursing pursuant to article one hundred
 10 thirty-nine of the education law, who agree to practice for at least
 11 five years in an underserved area or nursing home, as determined by the
 12 commissioner. Such registered professional nurse or licensed practical
 13 nurse shall be eligible for a loan repayment award of up to one hundred
 14 fifty thousand dollars over a five year period distributed as follows:
 15 fifteen percent of total loan debt not to exceed twenty thousand dollars
 16 for the first year; fifteen percent of total loan debt not to exceed
 17 twenty-five thousand dollars for the second year; twenty percent of
 18 total loan debt not to exceed thirty-five thousand dollars for the third
 19 year; and twenty-five percent of total loan debt not to exceed thirty-
 20 five thousand dollars per year for the fourth and fifth years of prac-
 21 tice in such area; and
 22 (ii) to general hospitals and other health care providers to adminis-
 23 ter as part of their recruitment packages; provided the loan repayment

 EXPLANATION--Matter in italics (underscored) is new; matter in brackets
 [ ] is old law to be omitted.
 LBD06316-01-5

 A. 4715 2

 1 awards shall be administered consistent with the provisions of this
 2 subdivision.
 3 (b) Loan repayment awards made to a registered professional nurse or
 4 licensed practical nurse pursuant to paragraph (a) of this subdivision
 5 shall not exceed the total qualifying outstanding debt of the registered
 6 professional nurse or licensed practical nurse from student loans to
 7 cover tuition and other related educational expenses, made by or guaran-
 8 teed by the federal or state government, or made by a lending or educa-
 9 tional institution approved under title IV of the federal higher educa-
 10 tion act. Loan repayment awards shall be used solely to repay such
 11 outstanding debt.
 12 (c) Any recipient of funds pursuant to this subdivision who practices
 13 less than two years in an underserved area or nursing home, as deter-
 14 mined by the commissioner, shall repay all funds paid in amounts to be
 15 determined by the commissioner pursuant to this subdivision, and shall
 16 no longer be eligible for future payments under this subdivision. The
 17 rate of interest applied shall be determined by the commissioner, but
 18 will not be less than the rate of interest set by the commissioner of
 19 taxation and finance with respect to underpayments of personal income
 20 tax pursuant to section six hundred eighty-four of the tax law.
 21 (d) The commissioner is authorized to apply any funds available for
 2