Bill Text: NY S05599 | 2011-2012 | General Assembly | Amended
Bill Title: Relates to the use of tuition at the state universities and city university; requires a study of the tuition assistance program; permits SUNY trustees to authorize university centers to charge a science, technology, engineering and math fee (STEM PLUS fee); authorizes students who would otherwise be eligible for a tuition assistance program award pursuant to section 667 of the education law but whose net taxable income is $80,000 to $100,000, such students' tuition credit shall be calculated as if such students were eligible for the minimum assistance program award.
Spectrum: Partisan Bill (Republican 1-0)
Status: (Introduced - Dead) 2012-01-04 - REFERRED TO HIGHER EDUCATION [S05599 Detail]
Download: New_York-2011-S05599-Amended.html
S T A T E O F N E W Y O R K ________________________________________________________________________ 5599--A 2011-2012 Regular Sessions I N S E N A T E June 6, 2011 ___________ Introduced by Sen. LAVALLE -- read twice and ordered printed, and when printed to be committed to the Committee on Higher Education -- committee discharged, bill amended, ordered reprinted as amended and recommitted to said committee AN ACT to amend the education law, in relation to tuition at state universities and a study of the tuition assistance program; to amend the state finance law, in relation to the state university of New York agency trust fund; to repeal subdivision 8-b of section 355 of the education law relating to state university annual apportionments; to repeal paragraph 4-a of subdivision A of section 6221 of the education law relating to city university annual apportionments; and providing for the repeal of such provisions upon expiration thereof THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: 1 Section 1. Subparagraph 4 of paragraph h of subdivision 2 of section 2 355 of the education law, as amended by chapter 309 of the laws of 1996, 3 is amended to read as follows: 4 (4) (I) The trustees shall not impose a differential tuition charge 5 based upon need or income. All students enrolled in programs leading to 6 like degrees at state-operated institutions of the state university 7 shall be charged a uniform rate of tuition except for differential 8 tuition rates based on state residency. Provided, however, that FOR THE 9 TWO THOUSAND ELEVEN--TWO THOUSAND TWELVE ACADEMIC YEAR AND THEREAFTER, 10 THE TRUSTEES MAY AUTHORIZE UP TO A TEN PERCENT TUITION INCREASE PER 11 SEMESTER FROM THE UNDERGRADUATE TUITION RATE OF EACH YEAR FOR 12 OUT-OF-STATE RESIDENTS ON A CAMPUS BY CAMPUS BASIS, AND MAY AUTHORIZE UP 13 TO A FIFTEEN PERCENT TUITION INCREASE FOR GRADUATE AND PROFESSIONAL 14 DEGREE PROGRAMS, ON A PROGRAM BY PROGRAM BASIS AT THE FOUR UNIVERSITY 15 CENTERS AT ALBANY, BINGHAMTON, BUFFALO AND STONY BROOK, HEREINAFTER 16 KNOWN AS THE UNIVERSITY CENTERS AND the trustees may authorize the pres- 17 idents of the colleges of technology and the colleges of agriculture and EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD11989-04-1 S. 5599--A 2 1 technology to set differing rates of tuition for each of the colleges 2 for students enrolled in degree-granting programs leading to an associ- 3 ate degree and non-degree granting programs so long as such tuition rate 4 does not exceed the tuition rate charged to students who are enrolled in 5 like degree programs or degree-granting undergraduate programs leading 6 to a baccalaureate degree at other state-operated institutions of the 7 state university of New York. The trustees shall not adopt changes 8 affecting tuition charges prior to the enactment of the annual budget. 9 (II) TUITION REVENUE SHALL BE USED SOLELY FOR THE EXPENSES OF THE 10 STATE UNIVERSITY IN CARRYING OUT ITS OBJECTIVES AND PURPOSES AND SHALL 11 NOT BE USED TO OFF-SET OR REDUCE APPROPRIATIONS BY THE STATE IN SUPPORT 12 OF THE OPERATIONS OF THE STATE UNIVERSITY. THE STATE SHALL APPROPRIATE 13 ANNUALLY AND MAKE AVAILABLE GENERAL FUND OPERATING SUPPORT FOR THE STATE 14 UNIVERSITY IN AN AMOUNT NOT LESS THAN THE AMOUNT APPROPRIATED AND MADE 15 AVAILABLE TO THE STATE UNIVERSITY IN STATE FISCAL YEAR TWO THOUSAND 16 ELEVEN--TWO THOUSAND TWELVE. BEGINNING IN STATE FISCAL YEAR TWO THOUSAND 17 TWELVE--TWO THOUSAND THIRTEEN, SUCH GENERAL FUND OPERATING SUPPORT SHALL 18 BE ADJUSTED BY AMOUNTS TO FULLY SUPPORT COST INCREASES RELATED TO 19 CONTRACTUAL AND COLLECTIVELY BARGAINED SALARY INCREASES, ENERGY-RELATED 20 COSTS AND ENROLLMENT-RELATED COST INCREASES; PROVIDED, HOWEVER, THAT IN 21 ANY STATE FISCAL YEAR WHEN PERSONAL INCOME TAX RECEIPTS DECLINE FROM 22 PERSONAL INCOME TAX RECEIPTS IN THE PREVIOUS STATE FISCAL YEAR, GENERAL 23 FUND OPERATING SUPPORT MADE AVAILABLE TO THE STATE UNIVERSITY MAY BE 24 REDUCED BY NO MORE THAN THE SAME PROPORTION AS PERSONAL INCOME TAX 25 RECEIPTS HAVE DECLINED. 26 S 2. Paragraph (h) of subdivision 2 of section 355 of the education 27 law is amended by adding two new subparagraphs 10 and 11 to read as 28 follows: 29 (10) (I) NOTWITHSTANDING ANY OTHER PROVISION OF LAW TO THE CONTRARY, 30 AND SUBJECT TO THE REQUIREMENTS AS SET FORTH IN SUBPARAGRAPH ELEVEN OF 31 THIS PARAGRAPH, THE STATE UNIVERSITY TRUSTEES SHALL BE AUTHORIZED TO 32 INCREASE THE RESIDENT UNDERGRADUATE RATE OF TUITION UP TO A MAXIMUM OF 33 THE FOLLOWING AMOUNTS: 34 (A) FOR THE ACADEMIC YEAR TWO THOUSAND ELEVEN--TWO THOUSAND TWELVE, 35 TWO HUNDRED FIFTY DOLLARS OVER THE RESIDENT UNDERGRADUATE RATE OF 36 TUITION MOST RECENTLY AUTHORIZED BY THE TRUSTEES IN THE PRECEDING 37 ACADEMIC YEAR; 38 (B) FOR THE ACADEMIC YEAR TWO THOUSAND TWELVE--TWO THOUSAND THIRTEEN, 39 TWO HUNDRED DOLLARS OVER THE RESIDENT UNDERGRADUATE RATE OF TUITION MOST 40 RECENTLY AUTHORIZED BY THE TRUSTEES IN THE PRECEDING ACADEMIC YEAR; 41 (C) FOR THE ACADEMIC YEAR TWO THOUSAND THIRTEEN--TWO THOUSAND FOUR- 42 TEEN, TWO HUNDRED DOLLARS OVER THE RESIDENT UNDERGRADUATE RATE OF 43 TUITION MOST RECENTLY AUTHORIZED BY THE TRUSTEES IN THE PRECEDING 44 ACADEMIC YEAR; AND 45 (D) FOR THE ACADEMIC YEAR TWO THOUSAND FOURTEEN--TWO THOUSAND FIFTEEN, 46 ONE HUNDRED FIFTY DOLLARS OVER THE RESIDENT UNDERGRADUATE RATE OF 47 TUITION MOST RECENTLY AUTHORIZED BY THE TRUSTEES IN THE PRECEDING 48 ACADEMIC YEAR. 49 PROVIDED THAT THE TRUSTEES SHALL NOT ADOPT CHANGES AFFECTING TUITION 50 CHARGES PRIOR TO THE ENACTMENT OF THE ANNUAL BUDGET. 51 (II) FOR THE ACADEMIC YEAR BEGINNING IN TWO THOUSAND ELEVEN--TWO THOU- 52 SAND TWELVE AND THEREAFTER, THE STATE UNIVERSITY TRUSTEES MAY AUTHORIZE 53 THE UNIVERSITY CENTERS TO CHARGE A SCIENCE, TECHNOLOGY, ENGINEERING AND 54 MATH FEE, TO BE KNOWN AS A STEM PLUS FEE, TO THOSE STUDENTS WHO HAVE 55 DECLARED MAJORS IN SUCH SUBJECT AREAS AND TO THOSE STUDENTS WHO HAVE 56 DECLARED MAJORS IN ACADEMIC MEDICINE. SUCH FEES SHALL BE INCLUDED IN THE S. 5599--A 3 1 DEFINITION OF TUITION FOR PURPOSES OF SECTION SIX HUNDRED SIXTY-SEVEN OF 2 THIS TITLE. 3 (III) THE UNIVERSITY CENTERS SHALL ANNUALLY REPORT TO THE STATE 4 UNIVERSITY TRUSTEES ON HOW RESEARCH REVENUE YIELDS QUANTIFIABLE RESULTS 5 FOR EACH OF THE FOUR CAMPUSES AND SUNY BUFFALO AND SUNY STONY BROOK 6 SHALL ADDITIONALLY REPORT ON WHAT EACH CAMPUS IS DOING TO MAINTAIN THEIR 7 AAU STATUS. 8 (IV) EACH SUNY CAMPUS SHALL EXAMINE POLICIES AND PROCEDURES AND IMPLE- 9 MENT COST SAVING MEASURES FOR THE DURATION OF THE FOUR YEAR TUITION PLAN 10 AND SHALL INCREASE FUND RAISING EFFORTS TO PROMOTE FISCAL STABILITY. 11 FURTHER, THE TRUSTEES SHALL PERIODICALLY REVIEW THEIR PATENT POLICIES TO 12 ENSURE COMPETITIVENESS, AND SHALL ANNUALLY REPORT ON HOW THE REVENUE 13 GENERATED BY THIS ACT HAS HELPED RETAIN AND GROW FULL-TIME FACULTY AND 14 INCREASE PROGRAM AVAILABILITY. 15 (11) THE STATE UNIVERSITY TRUSTEES SHALL BE AUTHORIZED TO CHARGE 16 TUITION RATES FOR RESIDENT UNDERGRADUATE STUDENTS IN ACCORDANCE WITH 17 SUBPARAGRAPH TEN OF THIS PARAGRAPH PROVIDED HOWEVER THAT IF THE ANNUAL 18 RESIDENT UNDERGRADUATE RATE OF TUITION WOULD EXCEED FIVE THOUSAND 19 DOLLARS, THEN A TUITION CREDIT FOR EACH ELIGIBLE STUDENT, AS DETERMINED 20 AND CALCULATED BY THE NEW YORK STATE HIGHER EDUCATION SERVICES CORPO- 21 RATION PURSUANT TO SECTION SIX HUNDRED EIGHTY-NINE-A OR SIX HUNDRED 22 EIGHTY-NINE-B OF THIS TITLE, SHALL BE APPLIED TOWARD THE TUITION CHARGED 23 FOR EACH SEMESTER, QUARTER OR TERM OF STUDY. TUITION FOR EACH SEMESTER, 24 QUARTER OR TERM OF STUDY SHALL NOT BE DUE FOR ANY STUDENT ELIGIBLE TO 25 RECEIVE SUCH TUITION CREDIT UNTIL THE TUITION CREDIT IS CALCULATED AND 26 APPLIED AGAINST THE TUITION CHARGED FOR THE CORRESPONDING SEMESTER, 27 QUARTER OR TERM. 28 S 3. Subdivision 8-b of section 355 of the education law is REPEALED. 29 S 4. The education law is amended by adding two new sections 689-a and 30 689-b to read as follows: 31 S 689-A. TUITION CREDITS. 1. THE NEW YORK STATE HIGHER EDUCATION 32 SERVICES CORPORATION SHALL CALCULATE A TUITION CREDIT FOR EACH RESIDENT 33 UNDERGRADUATE STUDENT WHO HAS FILED AN APPLICATION WITH SUCH CORPORATION 34 FOR A TUITION ASSISTANCE PROGRAM AWARD PURSUANT TO SECTION SIX HUNDRED 35 SIXTY-SEVEN OF THIS ARTICLE, AND IS DETERMINED TO BE ELIGIBLE TO RECEIVE 36 SUCH AWARD, AND IS ALSO ENROLLED IN A PROGRAM OF UNDERGRADUATE STUDY AT 37 A STATE OPERATED OR SENIOR COLLEGE OF THE STATE UNIVERSITY OF NEW YORK 38 OR THE CITY UNIVERSITY OF NEW YORK WHERE THE ANNUAL RESIDENT UNDERGRADU- 39 ATE TUITION RATE WILL EXCEED FIVE THOUSAND DOLLARS. SUCH TUITION CREDIT 40 SHALL BE CALCULATED FOR EACH SEMESTER, QUARTER OR TERM OF STUDY THAT 41 TUITION IS CHARGED AND TUITION FOR THE CORRESPONDING SEMESTER, QUARTER 42 OR TERM SHALL NOT BE DUE FOR ANY STUDENT ELIGIBLE TO RECEIVE SUCH 43 TUITION CREDIT UNTIL SUCH CREDIT IS CALCULATED, THE STUDENT AND SCHOOL 44 WHERE THE STUDENT IS ENROLLED IS NOTIFIED OF THE TUITION CREDIT AMOUNT, 45 AND SUCH TUITION CREDIT IS APPLIED TOWARD THE TUITION CHARGED. 46 2. EACH TUITION CREDIT PURSUANT TO THIS SECTION SHALL BE AN AMOUNT 47 EQUAL TO THE PRODUCT OF THE TOTAL ANNUAL RESIDENT UNDERGRADUATE TUITION 48 RATE MINUS FIVE THOUSAND DOLLARS THEN MULTIPLIED BY AN AMOUNT EQUAL TO 49 THE PRODUCT OF THE TOTAL ANNUAL AWARD FOR THE STUDENT PURSUANT TO 50 SECTION SIX HUNDRED SIXTY-SEVEN OF THIS ARTICLE DIVIDED BY AN AMOUNT 51 EQUAL TO THE MAXIMUM AMOUNT THE STUDENT QUALIFIES TO RECEIVE PURSUANT TO 52 CLAUSE (A) OF SUBPARAGRAPH (I) OF PARAGRAPH A OF SUBDIVISION THREE OF 53 SECTION SIX HUNDRED SIXTY-SEVEN OF THIS ARTICLE. 54 S 689-B. ALTERNATIVE TUITION CREDIT. AN ALTERNATIVE TUITION CREDIT 55 SHALL BE AVAILABLE UNDER THIS SECTION TO ELIGIBLE UNDERGRADUATE STUDENTS 56 ENROLLED IN A PROGRAM OF UNDERGRADUATE STUDY AT A STATE OPERATED OR S. 5599--A 4 1 SENIOR COLLEGE OF THE STATE UNIVERSITY OF NEW YORK OR THE CITY UNIVERSI- 2 TY OF NEW YORK WHERE THE ANNUAL RESIDENT UNDERGRADUATE TUITION RATE WILL 3 EXCEED FIVE THOUSAND DOLLARS. THE NEW YORK STATE HIGHER EDUCATION 4 SERVICES CORPORATION SHALL ACCEPT APPLICATIONS AND DETERMINE ELIGIBILITY 5 FOR SUCH CREDIT BASED UPON THE CRITERIA ESTABLISHED UNDER SECTION SIX 6 HUNDRED SIXTY-SEVEN OF THIS ARTICLE; PROVIDED, HOWEVER, THAT STUDENTS 7 WHOSE NET TAXABLE INCOME IS EIGHTY THOUSAND DOLLARS OR MORE, BUT LESS 8 THAN ONE HUNDRED THOUSAND DOLLARS SHALL BE ELIGIBLE TO RECEIVE THE 9 TUITION CREDIT UNDER THIS SECTION. SUCH TUITION CREDIT SHALL BE ONE 10 HUNDRED TWENTY-FIVE DOLLARS FOR EACH SEMESTER, QUARTER OR TERM OF STUDY 11 THAT TUITION IS CHARGED AND TUITION FOR THE CORRESPONDING SEMESTER, 12 QUARTER OR TERM SHALL NOT BE DUE FOR ANY STUDENT ELIGIBLE TO RECEIVE 13 SUCH TUITION CREDIT UNTIL SUCH CREDIT IS CALCULATED, THE STUDENT AND 14 SCHOOL WHERE THE STUDENT IS ENROLLED IS NOTIFIED OF THE TUITION CREDIT 15 AMOUNT, AND SUCH TUITION CREDIT IS APPLIED TOWARD THE TUITION CHARGED. 16 S 5. Subdivision 7 of section 6206 of the education law is amended by 17 adding two new paragraphs (d) and (e) to read as follows: 18 (D) NOTWITHSTANDING ANY OTHER PROVISION OF LAW TO THE CONTRARY, AND 19 SUBJECT TO THE REQUIREMENTS AS SET FORTH IN PARAGRAPH (E) OF THIS SUBDI- 20 VISION, THE CITY UNIVERSITY BOARD OF TRUSTEES SHALL BE AUTHORIZED TO 21 INCREASE THE RESIDENT UNDERGRADUATE RATE OF TUITION UP TO A MAXIMUM OF 22 THE FOLLOWING AMOUNTS: 23 (I) FOR THE ACADEMIC YEAR TWO THOUSAND ELEVEN--TWO THOUSAND TWELVE, 24 TWO HUNDRED FIFTY DOLLARS OVER THE RESIDENT UNDERGRADUATE RATE OF 25 TUITION MOST RECENTLY AUTHORIZED BY THE BOARD OF TRUSTEES IN THE PRECED- 26 ING ACADEMIC YEAR; 27 (II) FOR THE ACADEMIC YEAR TWO THOUSAND TWELVE--TWO THOUSAND THIRTEEN, 28 TWO HUNDRED DOLLARS OVER THE RESIDENT UNDERGRADUATE RATE OF TUITION MOST 29 RECENTLY AUTHORIZED BY THE BOARD OF TRUSTEES IN THE PRECEDING ACADEMIC 30 YEAR; 31 (III) FOR THE ACADEMIC YEAR TWO THOUSAND THIRTEEN--TWO THOUSAND FOUR- 32 TEEN, TWO HUNDRED DOLLARS OVER THE RESIDENT UNDERGRADUATE RATE OF 33 TUITION MOST RECENTLY AUTHORIZED BY THE BOARD OF TRUSTEES IN THE PRECED- 34 ING ACADEMIC YEAR; 35 (IV) FOR THE ACADEMIC YEAR TWO THOUSAND FOURTEEN--TWO THOUSAND 36 FIFTEEN, ONE HUNDRED FIFTY DOLLARS OVER THE RESIDENT UNDERGRADUATE RATE 37 OF TUITION MOST RECENTLY AUTHORIZED BY THE BOARD OF TRUSTEES IN THE 38 PRECEDING ACADEMIC YEAR; AND 39 (V) FOR THE ACADEMIC YEAR BEGINNING IN TWO THOUSAND ELEVEN--TWO THOU- 40 SAND TWELVE AND THEREAFTER, THE CITY UNIVERSITY TRUSTEES MAY AUTHORIZE 41 SUCH SENIOR COLLEGES OF THE UNIVERSITY AS THE CHANCELLOR MAY RECOMMEND 42 TO CHARGE A SCIENCE, TECHNOLOGY, ENGINEERING AND MATH FEE, TO BE KNOWN 43 AS A STEM PLUS FEE, TO THOSE STUDENTS WHO HAVE DECLARED MAJORS IN SUCH 44 SUBJECT AREAS AND TO THOSE STUDENTS WHO HAVE DECLARED MAJORS IN ACADEMIC 45 MEDICINE. SUCH FEES SHALL BE INCLUDED IN THE DEFINITION OF TUITION FOR 46 PURPOSES OF SECTION SIX HUNDRED SIXTY-SEVEN OF THIS CHAPTER; AND 47 (VI) EACH CUNY CAMPUS SHALL EXAMINE POLICIES AND PROCEDURES AND IMPLE- 48 MENT COST SAVING MEASURES FOR THE DURATION OF THE FOUR YEAR TUITION PLAN 49 AND SHALL INCREASE FUND RAISING EFFORTS TO PROMOTE FISCAL STABILITY. 50 FURTHER, THE TRUSTEES SHALL PERIODICALLY REVIEW THEIR PATENT POLICIES TO 51 ENSURE COMPETITIVENESS, AND SHALL ANNUALLY REPORT ON HOW THE REVENUE 52 GENERATED BY THIS PARAGRAPH HAS HELPED RETAIN AND GROWN FULL-TIME FACUL- 53 TY AND INCREASE PROGRAM AVAILABILITY. 54 PROVIDED THAT THE BOARD OF TRUSTEES SHALL NOT ADOPT CHANGES IN TUITION 55 CHARGES PRIOR TO THE ENACTMENT OF THE ANNUAL BUDGET. S. 5599--A 5 1 (E) THE CITY UNIVERSITY BOARD OF TRUSTEES SHALL BE AUTHORIZED TO 2 CHARGE TUITION RATES FOR RESIDENT UNDERGRADUATE STUDENTS IN ACCORDANCE 3 WITH PARAGRAPH (D) OF THIS SUBDIVISION PROVIDED HOWEVER THAT IF THE 4 ANNUAL RESIDENT UNDERGRADUATE RATE OF TUITION WOULD EXCEED FIVE THOUSAND 5 DOLLARS, THEN A TUITION CREDIT FOR EACH ELIGIBLE STUDENT, AS DETERMINED 6 AND CALCULATED BY THE NEW YORK STATE HIGHER EDUCATION SERVICES CORPO- 7 RATION PURSUANT TO SECTION SIX HUNDRED EIGHTY-NINE-A OR SIX HUNDRED 8 EIGHTY-NINE-B OF THIS CHAPTER, SHALL BE APPLIED TOWARD THE TUITION 9 CHARGED FOR EACH SEMESTER, QUARTER OR TERM OF STUDY. TUITION FOR EACH 10 SEMESTER, QUARTER OR TERM OF STUDY SHALL NOT BE DUE FOR ANY STUDENT 11 ELIGIBLE TO RECEIVE SUCH TUITION CREDIT UNTIL THE TUITION CREDIT IS 12 CALCULATED AND APPLIED AGAINST THE TUITION CHARGED FOR THE CORRESPONDING 13 SEMESTER, QUARTER OR TERM. 14 S 6. Subdivision 7 of section 6206 of the education law is amended by 15 adding a new paragraph (f) to read as follows: 16 (F) TUITION REVENUE SHALL BE USED SOLELY FOR THE EXPENSES OF THE CITY 17 UNIVERSITY IN CARRYING OUT ITS OBJECTIVES AND PURPOSES AND SHALL NOT BE 18 USED TO OFF-SET OR REDUCE APPROPRIATIONS BY THE STATE IN SUPPORT OF THE 19 OPERATIONS OF THE CITY UNIVERSITY. THE STATE SHALL APPROPRIATE ANNUALLY 20 AND MAKE AVAILABLE GENERAL FUND OPERATING SUPPORT FOR THE CITY UNIVERSI- 21 TY IN AN AMOUNT NOT LESS THAN THE AMOUNT APPROPRIATED AND MADE AVAILABLE 22 TO THE CITY UNIVERSITY IN STATE FISCAL YEAR TWO THOUSAND ELEVEN--TWO 23 THOUSAND TWELVE. BEGINNING IN STATE FISCAL YEAR TWO THOUSAND TWELVE--TWO 24 THOUSAND THIRTEEN, SUCH GENERAL FUND OPERATING SUPPORT SHALL BE ADJUSTED 25 BY AMOUNTS TO FULLY SUPPORT COST INCREASES RELATED TO CONTRACTUAL AND 26 COLLECTIVELY BARGAINED SALARY INCREASES, ENERGY-RELATED COSTS AND 27 ENROLLMENT-RELATED COST INCREASES; PROVIDED, HOWEVER, THAT IN ANY STATE 28 FISCAL YEAR WHEN PERSONAL INCOME TAX RECEIPTS DECLINE FROM PERSONAL 29 INCOME TAX RECEIPTS IN THE PREVIOUS STATE FISCAL YEAR, GENERAL FUND 30 OPERATING SUPPORT MADE AVAILABLE TO THE CITY UNIVERSITY MAY BE REDUCED 31 BY NO MORE THAN THE SAME PROPORTION AS PERSONAL INCOME TAX RECEIPTS HAVE 32 DECLINED. 33 S 7. Paragraph 4-a of subdivision A of section 6221 of the education 34 law is REPEALED. 35 S 8. The state finance law is amended by adding a new section 99-u to 36 read as follows: 37 S 99-U. STATE UNIVERSITY OF NEW YORK AGENCY TRUST FUND. 1. THERE IS 38 HEREBY ESTABLISHED IN THE JOINT CUSTODY OF THE STATE COMPTROLLER AND THE 39 COMMISSIONER OF TAXATION AND FINANCE A FIDUCIARY FUND TO BE KNOWN AS THE 40 "STATE UNIVERSITY OF NEW YORK AGENCY TRUST FUND". 41 2. THE STATE UNIVERSITY OF NEW YORK AGENCY TRUST FUND SHALL CONSIST OF 42 ALL MONIES APPROPRIATED AND MADE AVAILABLE TO THE STATE UNIVERSITY IN 43 GENERAL FUND OPERATING SUPPORT AND TUITION REVENUE APPROPRIATED AND MADE 44 AVAILABLE FROM SPECIAL REVENUE FUNDS. 45 3. THE STATE COMPTROLLER IS AUTHORIZED AND DIRECTED TO TRANSFER ANNU- 46 ALLY, FROM THE GENERAL FUND AND SPECIAL REVENUE FUNDS TO THE STATE 47 UNIVERSITY OF NEW YORK AGENCY TRUST FUND, GENERAL FUND OPERATING SUPPORT 48 AND TUITION REVENUE APPROPRIATED AND MADE AVAILABLE TO THE STATE UNIVER- 49 SITY IN ACCORDANCE WITH THE PROVISIONS OF SUBPARAGRAPH FOUR OF PARAGRAPH 50 H OF SUBDIVISION TWO OF SECTION THREE HUNDRED FIFTY-FIVE OF THE EDUCA- 51 TION LAW. 52 4. MONIES IN THE STATE UNIVERSITY OF NEW YORK AGENCY TRUST FUND SHALL 53 BE EXPENDED SOLELY FOR THE EXPENSES OF THE STATE UNIVERSITY IN CARRYING 54 OUT ITS OBJECTIVES AND PURPOSES. THE PROVISIONS OF SECTION FORTY-NINE OF 55 THIS CHAPTER AND ANY OTHER LAW NOTWITHSTANDING, MONIES IN THE STATE S. 5599--A 6 1 UNIVERSITY OF NEW YORK AGENCY TRUST FUND SHALL NOT BE IMPOUNDED NOR 2 TRANSFERRED OR OTHERWISE MADE AVAILABLE FOR OTHER PURPOSES. 3 S 9. Section 359 of the education law is amended by adding a new 4 subdivision 5 to read as follows: 5 5. THE STATE UNIVERSITY TRUSTEES SHALL CONDUCT A STUDY REGARDING THE 6 EFFECTIVENESS AND FUNCTIONALITY OF THE NEW YORK STATE TUITION ASSISTANCE 7 PROGRAM, WHICH SHALL CONSIDER A VARIETY OF FACTORS INCLUDING, BUT NOT 8 LIMITED TO, THE COSTS ASSOCIATED WITH PURSUING A DEGREE IN UNDERGRADUATE 9 STUDY, CURRENT TUITION ASSISTANCE PROGRAM THRESHOLDS AND AWARD LEVELS, 10 CURRENT ELIGIBILITY CRITERIA TO QUALIFY FOR AN AWARD UNDER THE TUITION 11 ASSISTANCE PROGRAM, AND ANY OTHER INFORMATION THE TRUSTEES DETERMINE TO 12 BE RELEVANT. THE STUDY SHALL ALSO INCLUDE RECOMMENDATIONS TO IMPROVE THE 13 TUITION ASSISTANCE PROGRAM TO BETTER MEET THE FUTURE FINANCIAL AID NEEDS 14 OF STUDENTS WHO RESIDE IN NEW YORK STATE AND TO ENSURE CONTINUED ACCESS 15 AND AFFORDABILITY OF THE STATE UNIVERSITY OF NEW YORK. THE STUDY SHALL 16 BE SUBMITTED TO THE GOVERNOR, THE TEMPORARY PRESIDENT OF THE SENATE, THE 17 SPEAKER OF THE ASSEMBLY, THE DIRECTOR OF THE DIVISION OF THE BUDGET, THE 18 SENATE FINANCE COMMITTEE, THE ASSEMBLY WAYS AND MEANS COMMITTEE AND THE 19 HIGHER EDUCATION COMMITTEES OF THE LEGISLATURE ON OR BEFORE OCTOBER 20 FIRST, TWO THOUSAND THIRTEEN. 21 S 10. Section 6206 of the education law is amended by adding a new 22 subdivision 17 to read as follows: 23 17. THE CITY UNIVERSITY TRUSTEES SHALL CONDUCT A STUDY REGARDING THE 24 EFFECTIVENESS AND FUNCTIONALITY OF THE NEW YORK STATE TUITION ASSISTANCE 25 PROGRAM, WHICH SHALL CONSIDER A VARIETY OF FACTORS INCLUDING, BUT NOT 26 LIMITED TO, THE COSTS ASSOCIATED WITH PURSUING A DEGREE IN UNDERGRADUATE 27 STUDY, CURRENT TUITION ASSISTANCE PROGRAM THRESHOLDS AND AWARD LEVELS, 28 CURRENT ELIGIBILITY CRITERIA TO QUALIFY FOR AN AWARD UNDER THE TUITION 29 ASSISTANCE PROGRAM AND ANY OTHER INFORMATION THE TRUSTEES DETERMINE TO 30 BE RELEVANT. THE STUDY SHALL ALSO INCLUDE RECOMMENDATIONS TO IMPROVE THE 31 TUITION ASSISTANCE PROGRAM TO BETTER MEET THE FUTURE FINANCIAL AID NEEDS 32 OF STUDENTS WHO RESIDE IN NEW YORK STATE AND TO ENSURE CONTINUED ACCESS 33 AND AFFORDABILITY OF THE STATE UNIVERSITY OF NEW YORK. THE STUDY SHALL 34 BE SUBMITTED TO THE GOVERNOR, THE TEMPORARY PRESIDENT OF THE SENATE, THE 35 SPEAKER OF THE ASSEMBLY, THE DIRECTOR OF THE DIVISION OF THE BUDGET, THE 36 SENATE FINANCE COMMITTEE, THE ASSEMBLY WAYS AND MEANS COMMITTEE AND THE 37 HIGHER EDUCATION COMMITTEES OF THE LEGISLATURE ON OR BEFORE OCTOBER 38 FIRST, TWO THOUSAND THIRTEEN. 39 S 11. This act shall take effect immediately and shall expire and be 40 deemed repealed June 30, 2015.