New York S 9682: Relates to the transfer of funds from the tuition reimbursement account

Bill Text

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S09682 Summary:

BILL NOS09682 

&nbsp

SAME ASSAME AS A11384

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SPONSORLIU

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COSPNSR

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MLTSPNSR

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Amd §5007, Ed L

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Authorizes the transfer of funds from the tuition reimbursement account to the proprietary vocational school supervision account in the event that the net balance of the tuition reimbursement account is in excess of two million five hundred thousand dollars.

Go to top S09682 Actions:

BILL NOS09682 

&nbsp

04/01/2026REFERRED TO HIGHER EDUCATION

04/21/2026REPORTED AND COMMITTED TO FINANCE

06/04/2026COMMITTEE DISCHARGED AND COMMITTED TO RULES

06/04/2026ORDERED TO THIRD READING CAL.1751

06/04/2026PASSED SENATE

06/04/2026DELIVERED TO ASSEMBLY

06/04/2026referred to ways and means

Go to topS09682 Committee&nbspVotes:

Go to topS09682 Floor&nbspVotes:

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

Go to topS09682 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 9682

 IN SENATE

 April 1, 2026
 ___________

 Introduced by Sen. LIU -- 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 the transfer of funds
 from the tuition reimbursement account

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

 1 Section 1. Subdivision 10 of section 5007 of the education law is
 2 amended by adding a new paragraph i to read as follows:
 3 i. In the event that the net balance of the tuition reimbursement
 4 account is in excess of two million five hundred thousand dollars, as
 5 defined in paragraph a of this subdivision, a maximum of five hundred
 6 thousand dollars may be transferred directly to the proprietary voca-
 7 tional school supervision account within a state fiscal year upon
 8 request by the commissioner.
 9 § 2. This act shall take effect immediately.

 EXPLANATION--Matter in italics (underscored) is new; matter in brackets
 [ ] is old law to be omitted.
 LBD15150-01-6

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