New York S 7580: Relates to reverse cooperative apartment unit loans for persons seventy years of age or older

Bill Text

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S07580 Summary:

BILL NOS07580A

&nbsp

SAME ASSAME AS A07053-A

&nbsp

SPONSORCLEARE

&nbsp

COSPNSRMAY

&nbsp

MLTSPNSR

&nbsp

Amd 605-a, Ed L

&nbsp

Provides that a scholarship for academic excellence that is declined by a student prior to the end of their high school program shall be granted to the next most qualified student, if practicable.

Go to top S07580 Actions:

BILL NOS07580A

&nbsp

04/22/2025REFERRED TO HIGHER EDUCATION

05/20/20251ST REPORT CAL.1180

05/21/2025AMENDED 7580A

05/21/20252ND REPORT CAL.

05/22/2025ADVANCED TO THIRD READING 

06/12/2025SUBSTITUTED BY A7053A

&nbspA07053 AMEND=A Bichotte Hermelyn

&nbsp03/20/2025referred to higher education

&nbsp05/16/2025amend and recommit to higher education

&nbsp05/16/2025print number 7053a

&nbsp05/20/2025reported referred to ways and means

&nbsp05/27/2025reported referred to rules

&nbsp05/29/2025reported 

&nbsp05/29/2025rules report cal.334

&nbsp05/29/2025ordered to third reading rules cal.334

&nbsp05/29/2025passed assembly

&nbsp05/29/2025delivered to senate

&nbsp05/29/2025REFERRED TO HIGHER EDUCATION

&nbsp06/12/2025SUBSTITUTED FOR S7580A

&nbsp06/12/20253RD READING CAL.1180

&nbsp06/12/2025PASSED SENATE

&nbsp06/12/2025RETURNED TO ASSEMBLY

&nbsp11/17/2025delivered to governor

&nbsp11/21/2025signed chap.526

Go to topS07580 Committee&nbspVotes:

Go to topS07580 Floor&nbspVotes:

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

Go to topS07580 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 7580--A
 Cal. No. 1180

 2025-2026 Regular Sessions

 IN SENATE

 April 22, 2025
 ___________

 Introduced by Sens. CLEARE, MAY -- read twice and ordered printed, and
 when printed to be committed to the Committee on Higher Education --
 reported favorably from said committee, ordered to first report,
 amended on first report, ordered to a second report and ordered
 reprinted, retaining its place in the order of second report

 AN ACT to amend the education law, in relation to scholarships for
 academic excellence

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

 1 Section 1. Subdivision 2 of section 605-a of the education law, as
 2 amended by section 83 of part C of chapter 58 of the laws of 1998, is
 3 amended to read as follows:
 4 2. In the event that a scholarship awarded is declined by a student,
 5 or for any reason revoked by the commissioner or the president, its
 6 benefits shall lapse and there shall be no further payments or awarding
 7 of such scholarship; provided however, if an award is declined by a
 8 student prior to the end of their high school program, the scholarship
 9 shall be awarded, to the extent practicable, to the next most qualified
 10 student pursuant to paragraph (a) of subdivision one of this section.
 11 § 2. This act shall take effect July 1, 2026.

 EXPLANATION--Matter in italics (underscored) is new; matter in brackets
 [ ] is old law to be omitted.
 LBD10970-03-5

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