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