New York A 7674: Relates to a restricted dental faculty license, makes such provisions permanent

Bill Text

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A07674 Summary:

BILL NOA07674 

&nbsp

SAME ASSAME AS S05702

&nbsp

SPONSORSeawright

&nbsp

COSPNSR

&nbsp

MLTSPNSR

&nbsp

Amd §4405, Ed L

&nbsp

Permits special education services and programs for preschool children with handicapping conditions to establish reserve funds.

Go to top A07674 Actions:

BILL NOA07674 

&nbsp

04/04/2025referred to education

01/07/2026referred to education

Go to topA07674 Committee&nbspVotes:

Go to topA07674 Floor&nbspVotes:

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

Go to topA07674 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 7674

 2025-2026 Regular Sessions

 IN ASSEMBLY

 April 4, 2025
 ___________

 Introduced by M. of A. SEAWRIGHT -- read once and referred to the
 Committee on Education

 AN ACT to amend the education law, in relation to permitting special
 education services and programs for preschool children with handicap-
 ping conditions to establish reserve funds

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

 1 Section 1. Section 4405 of the education law is amended by adding a
 2 new subdivision 7 to read as follows:
 3 7. For the two thousand twenty-five--two thousand twenty-six school
 4 year and thereafter, an institution subject to this article shall be
 5 authorized to retain funds in excess of their allowable and reimbursable
 6 costs incurred for services and programs to students appointed. The
 7 amount of funds that may be annually retained shall not exceed one
 8 percent of the institution's total allowable and reimbursable costs for
 9 services and programs provided to students for the school year from
 10 which the funds are to be retained, provided that the total accumulated
 11 balance that may be retained shall not exceed four percent of such total
 12 costs for such school year and provided, further, that such funds shall
 13 not be recoverable on reconciliation, such funds shall be carried
 14 forward as total reimbursable costs for purposes of calculating subse-
 15 quent year prospective and reconciliation tuition rates and such funds
 16 shall be separate from and in addition to any other authorization to
 17 retain surplus funds on reconciliation. Funds may be expended only
 18 pursuant to an authorization of the governing board of the institution
 19 for a purpose expressly authorized as part of allowable costs for the
 20 year in which the funds are to be expended, provided that funds may be
 21 expended to pay prior year outstanding debts. Any institution that
 22 retains funds pursuant to this subdivision shall be required to annually
 23 report a statement of the total balance of such retained funds, the
 24 amount, if any, retained in the prior school year, the amount, if any,

 EXPLANATION--Matter in italics (underscored) is new; matter in brackets
 [ ] is old law to be omitted.
 LBD01034-01-5

 A. 7674 2

 1 disbursed in the prior school year, and the financial reports that are
 2 required to be annually submitted to the department.
 3 § 2. This act shall take effect on the first of July next succeeding
 4 the date on which it shall have become a law.

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