New York 2025-2026 Regular Session

New York Senate Bill S08777

Introduced
1/8/26  
Refer
1/8/26  
Engrossed
1/29/26  
Refer
1/29/26  
Engrossed
2/25/26  
Engrossed
2/26/26  
Enrolled
3/20/26  
Chaptered
3/27/26  

Caption

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

Impact

The impact of S08777 on state laws includes a change in how the state engages with municipalities regarding higher education institution closures. By providing structured assistance, the bill seeks to ensure that municipalities can effectively navigate the economic disruptions that occur when a college or university closes. This aligns with broader state efforts to foster economic resilience and adaptability, thereby giving municipalities the tools necessary to manage changes in their local economies. The provision for assistance indicates a shift toward a more proactive role for the state in local economic development matters.

Summary

S08777 proposes to amend the economic development law in New York state by directing the Department of Economic Development to provide technical assistance to municipalities that have experienced the closure of a college or university. This new legislation aims to support local governments in transitioning economically and planning for future development following the loss of a significant educational institution, which can have far-reaching impacts on community employment and economic activity. The bill outlines the types of assistance that may be provided, including support for workforce transition and the attraction of new employers.

Conclusion

In summary, S08777 is a legislative effort to aid municipalities facing the economic fallout from college or university closures. Its focus on technical assistance reflects a broader commitment to local economic health and development. As discussions around the bill progress, the effectiveness and sufficiency of the proposed measures will likely be scrutinized by various stakeholders, including local governments, educational institutions, and the financial community.

Contention

Notable points of contention surrounding S08777 could arise from the specific mechanisms of providing assistance and the resources allocated to this purpose. While proponents argue that such aid is critical to helping communities rebound from the closure of educational institutions, critics may point out the potential for inconsistent application of support or differences in available resources across municipalities. Additionally, addressing financial interests such as creditors tied to closed institutions could lead to complex legal and logistical challenges.

Companion Bills

NY A09430

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 A09430

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 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 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 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.

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.

Similar Bills

No similar bills found.