N.Y. Education Law § 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.