Qualifies the permitted use of proceeds from the lease of lands located at the state university of New York at Purchase shall go to New York state resident students who are eligible to receive a federal Pell grant.
NEW YORK STATE ASSEMBLY MEMORANDUM IN SUPPORT OF LEGISLATION submitted in accordance with Assembly Rule III, Sec 1(f)
BILL NUMBER: A8142A
SPONSOR: Burdick TITLE OF BILL:
An act to amend chapter 405 of the laws of 2011, relating to authorizing
the lease of lands located at the state university of New York at
Purchase, in relation to the permitted use of proceeds from the lease of
such lands
PURPOSE OF BILL:
This bill permits the board of trustees of Purchase College to add New
York State resident students who are eligible to receive a federal Pell
grant to those students eligible for financial aid allocated from the
proceeds from the lease of lands located at the State University of New
York at Purchase.
SUMMARY OF SPECIFIC PROVISIONS:
Section 1 amends section 13 of chapter 405 of the laws of 2011 relating
to authorizing the lease of lands located at the state university of New
York at Purchase to include New York State resident students who are
eligible to receive a federal Pell grant to those eligible for student
financial aid allocated from the proceeds from the lease of land.
Section 2 sets the effective date.
JUSTIFICATION:
Chapter 405 of the Laws of 2011 authorized the lease of lands of the
State University of New York at Purchase to the Purchase College
Advancement Corporation, to be used as the site of a senior living
community.
Under existing law, the board of trustees of Purchase College is
directed to allocate seventy-five per cent of the lease proceeds to.
financial aid for students "who are eligible to receive a tuition
assistance award or supplemental tuition assistance pursuant to section
667 or 667-a of the education law," and twenty-five per cent to support
full-time faculty positions.
Chapter 563 of the laws of 2023 expanded the permitted use of the
proceeds from the lease to include support for current as well as addi-
tional full-time faculty. This bill would further expand the permitted
uses of the lease proceeds to include additional students among those
eligible for financial aid.
This bill would expand use of the seventy-five percent allocated to
student financial aid to include New York State resident students who
are eligible to receive a federal Pell grant.
Due to specific eligibility requirements tied to New York's Tuition
Assistance Program, the college's ability to fully leverage funds gener-
ated from the lease of lands to attract and retain students is limited.
Expanding the criteria to include Pell-eligible students would facili-
tate and support the college's efforts to meet the needs of more
students and would improve Purchase's ability to attract and enroll
students.
PRIOR LEGISLATIVE HISTORY:
New bill.
FISCAL IMPLICATIONS:
To be determined.
EFFECTIVE DATE:
This act shall take effect immediately.
STATE OF NEW YORK
________________________________________________________________________
8142--A
2025-2026 Regular Sessions
IN ASSEMBLY
May 1, 2025
___________
Introduced by M. of A. BURDICK -- read once and referred to the Commit-
tee on Higher Education -- committee discharged, bill amended, ordered
reprinted as amended and recommitted to said committee
AN ACT to amend chapter 405 of the laws of 2011, relating to authorizing
the lease of lands located at the state university of New York at
Purchase, in relation to the permitted use of proceeds from the lease
of such lands
The People of the State of New York, represented in Senate and Assem-bly, do enact as follows:
1 Section 1. Subdivision (a) of section 13 of chapter 405 of the laws of
2 2011, relating to authorizing the lease of lands located at the state
3 university of New York at Purchase, as amended by chapter 562 of the
4 laws of 2023, is amended to read as follows:
5 (a) Any contracts or leases entered into by the state university of
6 New York with the Purchase college advancement corporation pursuant to
7 this act shall be subject to approval of the attorney general as to form
8 as well as by the director of the budget and the state comptroller. Any
9 and all proceeds relating to the leases authorized by this act shall be
10 allocated by the board of trustees for Purchase college, state universi-
11 ty of New York, in the following manner: seventy-five percent to the
12 student financial aid for New York state resident students who are
13 eligible to receive a federal Pell grant, or a tuition assistance award
14 or supplemental tuition assistance pursuant to section 667 or 667-a of
15 the education law, and twenty-five percent to support current and addi-
16 tional full-time faculty positions.
17 § 2. This act shall take effect immediately.
EXPLANATION--Matter in italics (underscored) is new; matter in brackets
[] is old law to be omitted.
LBD11614-03-5
