NY Educ L § 6405 (2021)
2021 New York Laws EDN - Education Title 7 - State and City Colleges and Institutions-Cornell University Article 129 - State Aid for Certain Independent Institutions of Higher Education 6405 - State Reimbursement to Certain Independent Institutions of Higher Education Which Participate in the Federal Work Study Program.

§ 6405. State  reimbursement  to  certain  independent institutions of   higher education which participate in the federal work study program. 1.   For purposes of this section, the following terms shall  be  defined  as   follows:a. "Institutional award year" shall mean the period from the first day   of  July  until  the  thirtieth  day of June of the following year, next   preceding the state fiscal year in which state aid is to be paid.b. "Eligible expenditures" shall mean the total expenditures  made  by   an  institution  from  federal  college work study funds received by the   institution for the employment of students by such institution.2. The commissioner is  hereby  authorized  to  pay  any  independent,   non-profit  institution  of higher education incorporated by the regents   or the legislature, which maintains one or more earned degree  programs,   other than seminarian or theological programs, and which participates in   the college work study program in accordance with the provisions of Part   C  of  Title  IV  of  the  Higher Education Act of 1965 as amended, upon   application by such institution, twenty-five percentum of  the  eligible   expenditures  of  the  institution  for  the  purpose of reimbursing the   institution for its expenditure of funds in  such  work  study  program.   Such  payments  shall  commence in the state fiscal year beginning April   first, nineteen hundred eighty-one  for  expenditures  made  during  the   institutional  award  year  commencing  on  July first, nineteen hundred   eighty.3. Payments shall  be  made  in  accordance  with  a  schedule  to  be   determined  by the commissioner, and upon application by the institution   in such form and at such times as are determined  by  the  commissioner.   The  commissioner  is  authorized  to promulgate such regulations as are   needed to accomplish the purposes of this section.4. Any institution receiving payment pursuant to  this  section  shall   not  use  such  funds  for  any  purpose other than a college work study   program, and shall indicate separately the total of all  funds  expended   for  the  college  work  study  program  and the amount of reimbursement   claimed by the institution, on  such  form  as  the  commissioner  shall   designate.5. Any institution receiving funds under this section shall match such   payments  dollar  for  dollar  with  additional  financial  aid to needy   students who are  determined  to  be  in  need  according  to  standards   approved  by  the  commissioner  and  shall  indicate  the  total of all   financial aid provided for all students during  academic  year  nineteen   hundred  eighty--nineteen hundred eighty-one and thereafter on such form   as the commissioner shall designate.6.  Payments  to  institutions  of  higher   education   pursuant   to   subdivision two of this section shall not exceed:a.  For  payments  to  be made during the state fiscal year commencing   April first,  nineteen  hundred  eighty-one,  one-third  of  twenty-five   percent of the eligible expenditures of an institution.b.  For  payments  to  be made during the state fiscal year commencing   April first, nineteen  hundred  eighty-two,  two-thirds  of  twenty-five   percent of the eligible expenditures of an institution.c.  For  payments  to  be made during the state fiscal year commencing   April first, nineteen hundred eighty-three, and  in  each  state  fiscal   year  thereafter,  one  hundred  percent  of  twenty-five percent of the   eligible expenditures of an institution.