Bill Text: NY A08800 | 2021-2022 | General Assembly | Introduced
Bill Title: Changes the number of members in the private student loan finance task force from 11 to 13; designates the superintendent of financial services as the chairperson.
Spectrum: Partisan Bill (Democrat 1-0)
Status: (Introduced - Dead) 2022-01-20 - substituted by s7719 [A08800 Detail]
Download: New_York-2021-A08800-Introduced.html
STATE OF NEW YORK ________________________________________________________________________ 8800 IN ASSEMBLY January 12, 2022 ___________ Introduced by M. of A. CRUZ -- read once and referred to the Committee on Higher Education AN ACT to amend a chapter of the laws of 2021 establishing a private student loan refinance task force, as proposed in legislative bills numbers S. 2767-A and A. 5423-A, in relation to establishing a private student loan refinance task force The People of the State of New York, represented in Senate and Assem- bly, do enact as follows: 1 Section 1. Sections 2 and 3 of a chapter of the laws of 2021 estab- 2 lishing a private student loan refinance task force, as proposed in 3 legislative bills numbers S. 2767-A and A. 5423-A, are amended to read 4 as follows: 5 § 2. The private student loan refinance task force shall consist of 6 [11] 13 members as follows: the superintendent of financial services or 7 his or her designee, the president of the higher education services 8 corporation or his or her designee, [three] five members appointed by 9 the governor, two members appointed by the temporary president of the 10 senate, one member appointed by the minority leader of the senate, two 11 members appointed by the speaker of the assembly, and one member 12 appointed by the minority leader of the assembly. The appointed members 13 shall include, to the extent practicable, individuals representative of 14 lending institutions and the consumer protection community. All 15 appointments of members of the private student loan refinance task force 16 shall be made no later than 90 days after the effective date of this 17 act. 18 § 3. The [president of the higher education services corporation] 19 superintendent of financial services shall be designated as the chair- 20 person of the private student loan refinance task force. The members of 21 the private student loan refinance task force shall serve without 22 compensation, except that members shall be allowed their necessary and 23 actual expenses incurred in the performance of their duties under this 24 act. 25 § 2. This act shall take effect on the same date and in the same 26 manner as a chapter of the laws of 2021 establishing a private student EXPLANATION--Matter in italics (underscored) is new; matter in brackets [] is old law to be omitted. LBD06906-04-2A. 8800 2 1 loan refinance task force, as proposed in legislative bills numbers S. 2 2767-A and A. 5423-A, takes effect, provided, however, that the amend- 3 ments to sections 2 and 3 of a chapter of the laws of 2021 establishing 4 a private student loan refinance task force, as proposed in legislative 5 bills numbers S. 2767-A and A. 5423-A, made by section one of this act, 6 shall not affect the expiration and repeal of such act, and shall expire 7 and be deemed repealed therewith.