2023 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.