New York A 2180: Relates to licensed private career schools with gross tuition of less than one hundred thousand dollars

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A02180 Summary:

BILL NOA02180 

&nbsp

SAME ASNo Same As

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SPONSORHyndman

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COSPNSR

&nbsp

MLTSPNSR

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Amd §5001, Ed L

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Relates to licensed private career schools with gross tuition of less than one hundred thousand dollars; authorizes certain licensed private career schools to file an unaudited financial statement under certain circumstances.

Go to top A02180 Actions:

BILL NOA02180 

&nbsp

01/15/2025referred to higher education

01/07/2026referred to higher education

Go to topA02180 Committee&nbspVotes:

Go to topA02180 Floor&nbspVotes:

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

Go to topA02180 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 2180

 2025-2026 Regular Sessions

 IN ASSEMBLY

 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:

 1 Section 1. Paragraph e of subdivision 4 of section 5001 of the educa-
 2 tion law is amended by adding a new subparagraph (iv) to read as
 3 follows:
 4 (iv) Schools whose gross tuition is less than one hundred thousand
 5 dollars in a school fiscal year and which receive less than one hundred
 6 thousand dollars in state and federal student financial aid in a school
 7 fiscal year shall file with the commissioner an unaudited financial
 8 statement in a format prescribed by the commissioner, provided, however,
 9 that for such schools, audited financial statements shall be required
 10 every three years, at minimum, with reviewed financial statements
 11 allowed during the years where an audited financial statement is not
 12 filed. Upon a determination by the commissioner that a school has
 13 submitted false or inaccurate statements or that a significant, unsub-
 14 stantiated decline in gross tuition has occurred, the commissioner may
 15 require any such school to file an audited financial statement pursuant
 16 to this paragraph even during years when reviewed statements would ordi-
 17 narily be allowed.
 18 § 2. This act shall take effect immediately and shall expire and be
 19 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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