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History
- Referred to higher education
Companion bill
The same bill in the other chamber. A bill becomes law when one version passes both houses and the governor signs it, so either number can carry it.
Creates the New York DREAM fund commission and makes family tuition accounts available to account owners who provide a taxpayer identification number
In Senate Committee · Higher Education · Sponsor Francisco Moya
Full text
The text isn't available here yet. Check nysenate.gov.
Sponsor's memo
BILL NUMBER:S6883
Title of bill
An act to amend the education law, in relation to creating the New York DREAM fund commission and making family tuition accounts available to account owners who provide a taxpayer identification number
Purpose or general idea of the bill
This bill would advance the educational opportunities of the children of immigrants by providing scholarships to college bound children who are the children of immigrants.
Summary of specific provisions
This bill would create a DREAM fund commission and a DREAM fund. The commission would raise money for the DREAM fund in order to provide scholarships to college bound children who are the children of immi- grants. The commission would be required to establish the criteria for the scholarships, to create and publicize a training program for educa- tion professionals, and to develop a public awareness campaign for the DREAM fund awards.
The Executive and the Legislative leaders would appoint the members of the commission. Neither the commission nor the fund would receive state funding or aid.
The commission would be subject to the Freedom of Information Law, the Open Meetings Law, and the code of ethics in section 74 of the Public Officers Law.
The bill would also allow a person with a taxpayer identification number to open a New York 529 family tuition account.
Justification
This bill would expand access to higher education in New York State. Often, immigrant families have difficulty affording the costs associated with sending a child to college, even if that child did well in high school. This bill seeks to ease this burden by providing scholarships to the children of immigrants. Currently, in order to open a 529 account, one must have either a valid social security or employer identification number. This bill would also allow a person with a taxpayer identifica- tion number to open an account, allowing more families, including immi- grant families with children, to put money aside to help pay for college tuition.
Prior legislative history
New bill.
Fiscal implications
To be determined.
Effective date
Immediately.
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.