STATE OF NEW YORK
________________________________________________________________________
5773
2019-2020 Regular Sessions
IN SENATE
May 14, 2019
___________
Introduced by Sen. STAVISKY -- 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 requirements for the
New York state science, technology, engineering and mathematics incen-
tive program
The People of the State of New York, represented in Senate and Assem-
bly, do enact as follows:
1 Section 1. Subdivision 4 of section 669-e of the education law, as
2 amended by section 1 of part BB of chapter 56 of the laws of 2018, is
3 amended to read as follows:
4 4. The corporation shall convert to a student loan the full amount of
5 the award given pursuant to this section, plus interest, according to a
6 schedule to be determined by the corporation if: (a) a recipient fails
7 to complete an approved undergraduate program in science, technology,
8 engineering or mathematics or changes majors to a program of undergradu-
9 ate study other than in science, technology, engineering or mathematics;
10 or (b) upon completion of such undergraduate degree program a recipient
11 fails to either (i) complete five years of continuous [full time]
12 employment [in the science, technology, engineering or mathematics
13 field] with a public or private entity located within New York state, or
14 (ii) maintain residency in New York state for such period of employment;
15 or (c) a recipient fails to respond to requests by the corporation for
16 the status of his or her academic or professional progress. The terms
17 and conditions of this subdivision shall be deferred for individuals who
18 graduate with a degree in an approved undergraduate program in science,
19 technology, engineering or mathematics and enroll on at least a half-
20 time basis in a graduate or higher degree program or other professional
21 licensure degree program until they are conferred a degree, and shall
22 also be deferred for any interruption in undergraduate study or employ-
23 ment as established by the rules and regulations of the corporation. The
24 terms and conditions of this subdivision may also be deferred for a
EXPLANATION--Matter in italics (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD11374-01-9
S. 5773 2
1 grace period, to be established by the corporation, following the
2 completion of an approved undergraduate program in science, technology,
3 engineering or mathematics, a graduate or higher degree program or other
4 professional licensure degree program. Any obligation to comply with
5 such provisions as outlined in this section shall be cancelled upon the
6 death of the recipient. Notwithstanding any provisions of this subdivi-
7 sion to the contrary, the corporation is authorized to promulgate rules
8 and regulations to provide for the waiver or suspension of any financial
9 obligation which would involve extreme hardship.
10 § 2. This act shall take effect immediately.