 
                STATE OF NEW YORK
        ________________________________________________________________________
 
                                          8491
 
                               2017-2018 Regular Sessions
 
                   IN ASSEMBLY
 
                                      June 16, 2017
                                       ___________
 
        Introduced  by  M.  of  A.  GLICK  -- (at request of the State Education
          Department) -- read once and referred to the  Committee  on  Ways  and
          Means
 
        AN  ACT  to amend the state finance law, in relation to establishing the
          board of regents institutional accreditation account  to  provide  the
          framework  for the state education department to spend monies received
          and/or revenues generated for  institutional  accreditation  purposes;
          and  to amend the education law, in relation to services and functions
          relating to institutional accreditation
 
          The People of the State of New York, represented in Senate and  Assem-
        bly, do enact as follows:
 
     1    Section  1.  The  state finance law is amended by adding a new section
     2  97-yyyy to read as follows:
     3    § 97-yyyy. Board of regents institutional accreditation account.    1.
     4  There  is  hereby  established  in  the joint custody of the state comp-
     5  troller and the commissioner of taxation and finance an account  of  the
     6  miscellaneous  special  revenue fund to be known as the board of regents
     7  institutional accreditation account.
     8    2. Notwithstanding any other law, rule or regulation to the  contrary,
     9  the  state  comptroller is hereby authorized and directed to receive for
    10  deposit to the credit of the board  of  regents  institutional  accredi-
    11  tation option account, revenues generated pursuant to regulations of the
    12  commissioner  of  education  for  services  and expenses incurred by the
    13  state education department in conducting accreditation  of  institutions
    14  of  higher  education or appropriated or otherwise provided to the state
    15  education department for such purposes.
    16    § 2. Section 212 of the education law  is  amended  by  adding  a  new
    17  subdivision 8 to read as follows:
    18    8. To perform services and functions relating to institutional accred-
    19  itation.
    20    § 3. This act shall take effect immediately.
 
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD13249-01-7
Relates to institutional accreditation

What's Happening

Why It Matters
