New York 2025-2026 Regular Session

New York Assembly Bill A09430

Introduced
1/5/26  
Refer
1/5/26  
Refer
1/7/26  
Report Pass
1/12/26  
Report Pass
1/12/26  
Refer
1/12/26  

Caption

Directs the department of economic development to provide certain assistance to municipalities in which a college or university has closed.

Impact

The enactment of Bill A09430 could significantly impact municipalities by enabling them to receive state-backed assistance during challenging transitions following educational institution closures. This could lead to better prepared and more strategic responses to economic downturns precipitated by such closures, potentially mitigating job losses and stimulating economic recovery efforts. Enhanced planning and support may also facilitate the revitalization of land and properties once occupied by these institutions, fostering new business opportunities and community development.

Summary

Bill A09430 aims to amend the economic development laws in New York State to enhance support for municipalities affected by the closure of colleges or universities. Specifically, the bill directs the Department of Economic Development to provide technical assistance upon request to such municipalities. This support can extend to various crucial areas, including workforce transition and development, attracting new employers, planning for the repurposing of former college properties, and managing creditor relations concerning the financial interests in a closed institution's assets.

Contention

Although the bill primarily targets technical assistance and support, there may be implications regarding state versus local control in terms of running economic development programs. Some stakeholders might express concerns over the sufficiency and effectiveness of state assistance compared to local initiatives. Moreover, debates may arise around the adequacy of resources provided and whether the state's intervention will truly cater to the specific needs of each municipality, or if a one-size-fits-all approach might overlook local contexts.

Companion Bills

NY S08777

Same As Directs the department of economic development to provide certain assistance to municipalities in which a college or university has closed.

Previously Filed As

NY S08777

Directs the department of economic development to provide certain assistance to municipalities in which a college or university has closed.

NY S00655

Enacts the accountability for development assistance act; standardizes applications for state development assistance; requires submission of certain development assistance agreements to the department of taxation and finance; requires recipients of certain development assistance to submit progress reports which include certain information and disclosures.

NY A08988

Enacts the "workforce development consolidation act" which transfers the office of strategic workforce development from the department of economic development to the department of labor; repeals provisions relating to such transfer.

NY S09675

Establishes the New York state innovation voucher program; provides small businesses with access to research and development by colleges and universities, government laboratories and public research institutes in order to assist such businesses in the creation of innovative products or services.

NY SB374

Provides for uniform procedure for the creation of college economic development districts for any college or university in any municipality or parish. (gov sig)

NY A00705

Requires colleges, universities, professional, proprietary and graduate schools to provide written notice to all students of the institution's tuition liability policy.

NY A08096

Directs the department of economic development, in conjunction with the empire state development corporation, to review all contracts entered into or overseen or enforced by the department of economic development and/or the empire state development corporation relating to the leasing of state-owned premises to private parties for the production, manufacture and/or development of solar shingle products, electric vehicle charging networks, advanced driver-assistance systems, and/or supercomputer hardware and to identify and eliminate fraud, abuse or waste by private parties.

NY S09646

Directs the department of economic development, in conjunction with the empire state development corporation, to review all contracts entered into or overseen or enforced by the department of economic development and/or the empire state development corporation relating to the leasing of state-owned premises to private parties for the production, manufacture and/or development of solar shingle products, electric vehicle charging networks, advanced driver-assistance systems, and/or supercomputer hardware and to identify and eliminate fraud, abuse or waste by private parties.

NY A07937

Enacts the "Lifeguard incentive and debt assistance (LIDA) act", which provides financial aid assistance to eligible students working as lifeguards during such students' academic career at a college or university in the state of New York; provides a one-time debt relief check to post-graduate students who maintain an active lifeguard certification for four years.

NY A07933

Enacts the corporate accountability for tax expenditures act; standardizes applications for state development assistance for empire zone assistance and industrial development agency assistance; requires submission of certain development assistance agreements to the department of taxation and finance; requires recipients of certain development assistance to submit progress reports which include certain information and disclosures; makes certain recapture provisions; defines relevant terms.

Similar Bills

No similar bills found.