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New YorkS 74862025-2026 Regular SessionSenateWALLET

Qualifies the permitted use of proceeds from the lease of lands located at the state university of New York at Purchase

Sponsored By: Shelley Mayer (Democratic)

Became Law

HIGHER EDUCATION

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Bill Overview

Analyzed Economic Effects

2 provisions identified: 2 benefits, 0 costs, 0 mixed.

Lease money for Purchase aid and faculty

The Purchase College board of trustees must split lease money under this law. 75% goes to financial aid for New York resident students who qualify for a federal Pell Grant or New York tuition assistance or supplemental aid under Education Law 667 or 667-a. 25% supports current and new full-time faculty positions at Purchase College. This rule covers only proceeds from leases authorized by this law. The law takes effect immediately.

Stronger review of SUNY Purchase leases

Any contracts or leases between SUNY and the Purchase College Advancement Corporation under this law need state sign-offs. The Attorney General must approve the form. The Director of the Budget and the State Comptroller must also approve. This oversight applies now.

Sponsors & Cosponsors

Sponsor

  • Shelley Mayer

    Democratic • Senate

Cosponsors

There are no cosponsors for this bill.

Roll Call Votes

All Roll Calls

Yes: 71 • No: 0

Senate vote • 6/5/2025

FLOOR Vote

Yes: 60 • No: 0

committee vote • 5/13/2025

Higher Education Committee Vote

Yes: 11 • No: 0

Actions Timeline

  1. SIGNED CHAP.554

    11/21/2025Senate

  2. DELIVERED TO GOVERNOR

    11/17/2025Senate

  3. RETURNED TO SENATE

    6/11/2025House

  4. PASSED ASSEMBLY

    6/11/2025House

  5. ORDERED TO THIRD READING RULES CAL.635

    6/11/2025House

  6. SUBSTITUTED FOR A8142A

    6/11/2025House

  7. REFERRED TO HIGHER EDUCATION

    6/5/2025House

  8. DELIVERED TO ASSEMBLY

    6/5/2025Senate

  9. PASSED SENATE

    6/5/2025Senate

  10. ADVANCED TO THIRD READING

    5/15/2025Senate

  11. 2ND REPORT CAL.

    5/14/2025Senate

  12. 1ST REPORT CAL.1019

    5/13/2025Senate

  13. PRINT NUMBER 7486A

    5/7/2025Senate

  14. AMEND AND RECOMMIT TO HIGHER EDUCATION

    5/7/2025Senate

  15. REFERRED TO HIGHER EDUCATION

    4/17/2025Senate

Bill Text

  • Amendment A

    5/7/2025

    PDF

  • Original

    4/17/2025

    PDF

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