Constitutional Amendment – Passed both houses, A.3776/S.4597 (Conrad/Martinez) – Relates to excluding certain indebtedness for the construction of sewage facilities in determining current local debt limitation.
NYS 529 Program, Qualified Withdrawals – Signed as Chapter 310 of the Laws of 2024, A.10209/S.9701 (McDonald/Stavisky) – Provides that the payment of principal and interest on a qualified education loan and Roth IRA rollovers shall be qualified withdrawals under the New York state college choice tuition savings program.
NYSLRS Ordinary Death Benefit – A.10570/S.9812-A (Zebrowski/Skoufis) – Authorizes beneficiaries to choose pension benefits or a death benefit in certain circumstances.
Public Posting of Certain Contracts – A.10281/S.9171 (Solages/Cooney) – Requires a public listing of certain emergency and exempted contracts, which are otherwise subject to the approval of the State Comptroller.
Expedited Payments of Unclaimed Funds – A.10219/S.9410 (McDonald/Sepulveda) – Relates to expedited payments of abandoned property under a certain monetary threshold.
Prohibits Campaign Contributions During an Active Procurement – S.9697 (Myrie) – Makes it unlawful for a vendor to make, either directly or indirectly, any contribution to a statewide elected official, a candidate for a statewide elected office, or their authorized political committee, during a certain restricted period; requires a candidate, officeholder, or political committee that receives such contributions to return or refund the contributions forthwith; requires procurement contr
NYS 529 Program, Scholarships and Grants – S.9700 (Stavisky) – Authorizes the State to open 529 accounts to support scholarships and grant programs.
Protest Procedures – A.7405/S.6942 (McDonald/Cooney) – Provides for bid protest procedures for state agencies and public authorities.
Examination of Sealed Records – S.9729 (Hoylman-Sigal) – Relates to the examination of certain sealed records by the New York State Comptroller.
A new report by State Comptroller Thomas P. DiNapoli highlights the higher education sector’s importance to New York’s local economies and to the state’s overall economic health. The state’s 290 degree-granting, postsecondary institutions employed over 296,000 people, paying wages of around $26.5 billion in 2023, but the sector still has over 13,000 fewer jobs since the pandemic.
