NY Educ L § 652 (2021)
2021 New York Laws EDN - Education Title 1 - General Provisions Article 14 - New York State Higher Education Services Corporation Part 1 - Corporate Structure 652 - New York State Higher Education Services Corporation; Purposes; Board of Trustees.

§ 652. New York state higher education services corporation; purposes;   board  of  trustees.  1.  There is hereby created in the State Education   Department and within the  University  of  the  State  of  New  York  as   established under the Board of Regents, an educational corporation to be   known as the New York State Higher Education Services Corporation.2. The purposes of such corporation shall be:a. To improve the post-secondary educational opportunities of eligible   students  through  the  centralized  administration  of  New  York state   financial aid and loan programs;b.  To  coordinate  the  state's  administrative  effort  in   student   financial   aid  and  loan  programs  with  those  of  other  levels  of   government;c. To support the administration  by  the  federal  government,  other   states,  and  institutions  of  post-secondary  education of the federal   student aid programs established under Title IV of the Higher  Education   Act  of  nineteen  hundred  sixty-five,  as  amended,  or  any successor   statute.3. The corporation shall be governed and all of its  corporate  powers   exercised by a board of trustees which shall consist of fifteen members,   nine  of  whom  shall  be  appointed by the governor with the advice and   consent of the senate. The members not requiring the advice and  consent   of  the senate shall be the commissioner of education, the chancellor of   the state university, the chancellor of the city university of the  city   of New York, and three students. One such student shall be the president   of  the  student  assembly of the state university of New York, one such   student shall be  the  chair  of  the  united  student  senate  of  city   university  of  New  York,  and  one  such  student  shall  be a student   registered in a  full  time  course  of  study  at  a  state  university   community  college.  In  the  event  a  student who shall be a member by   reason of his or her office in a  student  organization  shall  fail  to   qualify,   the  student  who  holds  the  next  highest  office  in  the   organization shall be the member of the board.4. All members shall be at least eighteen years of  age,  citizens  of   the  United  States  and  residents  of the state. The appointed members   shall consist of two representatives of banking institutions within  the   state,   two  such  members  shall  be  the  presidents  of  independent   institutions of higher education within the state, one such member shall   be a president or chief  executive  officer  of  a  school  licensed  or   registered  pursuant  to  section five thousand one of this chapter, one   such member shall be a financial  aid  officer  at  a  higher  education   institution  in  New York, one such member shall be a president or chief   executive officer of  a  degree  granting  proprietary  college  located   within  the  state,  one  such  member  shall  be  a  student  currently   registered and in full time attendance at a degree granting  independent   institution   of  higher  education  in  New  York,  and  one  shall  be   representative of the public.5. The appointed members shall serve for terms of six years  each  and   shall  be  eligible  for  reappointment  to  successive terms; provided,   however,  that  the  student  representative  of  the  state  university   community colleges shall serve for a term of one year.6.  The  board  of  trustees  shall  elect,  from  among its appointed   members, a chairman and vice-chairman who shall serve  in  such  offices   for  terms  of  one  year  and  who shall be eligible for reelection for   successive terms. Vacancies shall be filled for the  unexpired  term  in   the  same  manner  as  original  appointments.  Trustees,  including the   chairman and vice-chairman, shall  receive  no  compensation  for  their   services  but  shall  be  reimbursed  for  their  expenses  actually and    necessarily incurred by them in the performance of  their  duties  under   this article.7.  a.  The board of trustees shall provide for the holding of regular   meetings and such special meetings at the call of the chairman,  as  may   be  necessary.  A majority of the trustees shall constitute a quorum for   the transaction of any business and the  act  of  the  majority  of  the   trustees present at any meeting shall be deemed the act of the board.b.  The  agenda for any such meeting of the board of trustees shall be   available electronically on the higher  education  services  corporation   website  three  days  prior  to  the  meetings and shall be considered a   public record.  The  attendance,  minutes,  voting  record,  and  either   transcripts  or  video  record,  for  any  such  meeting of the board of   trustees shall be  electronically  available  on  the  higher  education   services  corporation website no later than seven days after the meeting   and shall be considered public records. Information posted on the higher   education  services  corporation  website  regarding  board  of  trustee   meetings  shall remain on the site as archived data for a minimum of ten   years.c. Any such meeting of the board of trustees  shall  be  conducted  in   accordance with article seven of the public officers law.8.  The  commissioner  of  education,  the  chancellor  of  the  state   university and the chancellor  of  the  city  university  each  may,  by   official  authority  filed  in  his  or  her  respective  department  or   university, and with the secretary of the board, designate an officer of   his or her respective department or university to represent and exercise   all the powers of such commissioner or chancellor as the case may be  at   all meetings of the board from which such commissioner or chancellor may   be absent.