N.Y. Education Law § 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.