Bill Text: NY S00523 | 2015-2016 | General Assembly | Introduced


Bill Title: Relates to the New York state science, technology, engineering and mathematics incentive program.

Spectrum: Partisan Bill (Republican 7-0)

Status: (Engrossed - Dead) 2016-05-24 - referred to higher education [S00523 Detail]

Download: New_York-2015-S00523-Introduced.html
                           S T A T E   O F   N E W   Y O R K
       ________________________________________________________________________
                                          523
                              2015-2016 Regular Sessions
                                   I N  S E N A T E
                                      (PREFILED)
                                    January 7, 2015
                                      ___________
       Introduced  by  Sens.  LAVALLE,  DeFRANCISCO,  SEWARD  -- 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 New York state
         science, technology, engineering and mathematics incentive program
         THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
       BLY, DO ENACT AS FOLLOWS:
    1    Section  1.  Subdivision  1  of section 669-e of the education law, as
    2  added by section 1 of part G of chapter 56  of  the  laws  of  2014,  is
    3  amended to read as follows:
    4    1.  Undergraduate  students who are matriculated in an approved under-
    5  graduate program leading to a career in science, technology, engineering
    6  or mathematics at a New York state [public institution of higher  educa-
    7  tion]  COLLEGE  AS  DEFINED  IN  SECTION SIX HUNDRED ONE OF THIS CHAPTER
    8  shall be eligible for an award under this section, provided  the  appli-
    9  cant:  (a) graduates from a high school located in New York state during
   10  or after the two thousand thirteen--fourteen school year; and (b) gradu-
   11  ates within the top ten percent of his or her high school class; and (c)
   12  enrolls in full-time study each term beginning in the  fall  term  after
   13  his  or  her high school graduation in an approved undergraduate program
   14  in science, technology, engineering or mathematics, as  defined  by  the
   15  corporation,  at  a  New York state [public institution of higher educa-
   16  tion] COLLEGE AS DEFINED IN SECTION SIX HUNDRED ONE OF THIS CHAPTER; and
   17  (d) signs a contract with the corporation agreeing that his or her award
   18  will be converted to a student loan in the event the  student  fails  to
   19  comply  with  the terms of this program as set forth in subdivision four
   20  of this section; and (e) complies with the applicable provisions of this
   21  article and all requirements promulgated  by  the  corporation  for  the
   22  administration of the program.
   23    S 2. This act shall take effect immediately.
        EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                             [ ] is old law to be omitted.
                                                                  LBD03431-01-5
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