N.Y. Educ. Law § 359
Reports of the state university trustees
Redline — January 1, 2015 → current.View current text →
Current — January 1, 2018
As of January 1, 2015
§ 359. Reports of the state university trustees. 1. The trustees of\nthe state university shall make, on or before January first of each\nyear, an annual report of its activities and such recommendations as it\nmay deem appropriate to the board of regents, the governor, the state\ncomptroller and the legislature. This annual report shall include a\nsummary of state university's (1) operations and accomplishments; and\n(2) revenues and expenditures, in accordance with the categories or\nclassifications established by the trustees of the state university for\noperating and capital outlay purposes. A copy of such report shall also\nbe transmitted to the council of each state-operated institution.\n 2. On the fifteenth day of September, November, January, March, May\nand July of each year, the trustees of the state university shall submit\nto the chairs of the senate finance committee and the assembly ways and\nmeans committee and the director of the budget for informational\npurposes, bi-monthly reports developed in consultation with the\naforementioned chairs and director of all receipts and disbursements of\nthe state university. These reports shall include but not be limited to:\n a. a comparison of actual receipts and disbursements with the fiscal\nyear expenditure and revenue plan;\n b. an allocation of lump sums;\n c. an allocation of lump sum positions;\n d. the reallocation between campuses of personal service based upon\nfull-time equivalent positions;\n e. transfers to other than personal service and temporary service;\n f. campus allocation changes; and\n g. identification of any revenue shortfalls, deficiencies, surpluses,\nor budgetary actions by the governor.\n 3. The trustees of the state university shall submit to the governor,\nthe state comptroller and the legislature, within one hundred twenty\ndays after the close of each state university fiscal year, an annual\nfinancial statement which has been audited by an independent certified\npublic accountant and prepared in accordance with generally accepted\naccounting principles as prescribed by the state comptroller.\n 4. On the fifteenth day of February, May, August and November of each\nyear, the state university shall provide the chairs of the senate\nfinance committee and the assembly ways and means committee and the\ndirector of the budget with: (a) quarterly reports summarizing all\nexpenditures from and status of the health care account and the\ncontractual reserve account authorized by subdivision eight-a of section\nthree hundred fifty-five of this article; and (b) a list of networks in\nwhich state university health care facilities are participating.\n * 5. The state university trustees shall conduct a study regarding the\neffectiveness and functionality of the New York state tuition assistance\nprogram, which shall consider a variety of factors including, but not\nlimited to, the costs associated with pursuing a degree in undergraduate\nstudy, current tuition assistance program thresholds and award levels,\ncurrent eligibility criteria to qualify for an award under the tuition\nassistance program, and any other information the trustees determine to\nbe relevant. The study shall also include recommendations to improve the\ntuition assistance program to better meet the future financial aid needs\nof students who reside in New York state and to ensure continued access\nand affordability of the state university of New York. The study shall\nbe submitted to the governor, the temporary president of the senate, the\nspeaker of the assembly, the director of the division of the budget, the\nsenate finance committee, the assembly ways and means committee and the\nhigher education committees of the legislature on or before October\nfirst, two thousand thirteen. In addition, the state university shall\nannually examine and report on each state-operated campus' efforts to\npromote fiscal stability for the duration of the five year tuition plan\nby implementing cost saving measures and increasing fundraising efforts.\nFurther, the trustees shall periodically review their patent policies to\nensure competitiveness, and shall annually report on how the revenue\ngenerated by this paragraph has helped retain and grow full-time faculty\nand increase program availability. The University Centers shall also\nreport annually to the state university trustees on how research revenue\nyields quantifiable results for each of the four campuses and state\nuniversity of New York at Buffalo and state university of New York at\nStony Brook shall additionally report on what each campus is doing to\nmaintain their AAU status.\n * NB Repealed July 1, 2016\n
§ 359. Reports of the state university trustees. 1. The trustees of\nthe state university shall make, on or before January first of each\nyear, an annual report of its activities and such recommendations as it\nmay deem appropriate to the board of regents, the governor, the state\ncomptroller and the legislature. This annual report shall include a\nsummary of state university's (1) operations and accomplishments; and\n(2) revenues and expenditures, in accordance with the categories or\nclassifications established by the trustees of the state university for\noperating and capital outlay purposes. A copy of such report shall also\nbe transmitted to the council of each state-operated institution.\n 2. On the fifteenth day of September, November, January, March, May\nand July of each year, the trustees of the state university shall submit\nto the chairs of the senate finance committee and the assembly ways and\nmeans committee and the director of the budget for informational\npurposes, bi-monthly reports developed in consultation with the\naforementioned chairs and director of all receipts and disbursements of\nthe state university. These reports shall include but not be limited to:\n a. a comparison of actual receipts and disbursements with the fiscal\nyear expenditure and revenue plan;\n b. an allocation of lump sums;\n c. an allocation of lump sum positions;\n d. the reallocation between campuses of personal service based upon\nfull-time equivalent positions;\n e. transfers to other than personal service and temporary service;\n f. campus allocation changes; and\n g. identification of any revenue shortfalls, deficiencies, surpluses,\nor budgetary actions by the governor.\n 3. The trustees of the state university shall submit to the governor,\nthe state comptroller and the legislature, within one hundred twenty\ndays after the close of each state university fiscal year, an annual\nfinancial statement which has been audited by an independent certified\npublic accountant and prepared in accordance with generally accepted\naccounting principles as prescribed by the state comptroller.\n 4. On the fifteenth day of February, May, August and November of each\nyear, the state university shall provide the chairs of the senate\nfinance committee and the assembly ways and means committee and the\ndirector of the budget with: (a) quarterly reports summarizing all\nexpenditures from and status of the health care account and the\ncontractual reserve account authorized by subdivision eight-a of section\nthree hundred fifty-five of this article; and (b) a list of networks in\nwhich state university health care facilities are participating.\n 6. The state university trustees shall annually report on how the\nrevenue generated has been invested in faculty, instruction, initiatives\nto improve student success and on-time completion and student financial\nassistance for the duration of the four year tuition plan. The trustees\nshall submit the report by September first of each subsequent year.\n
Official source: NYS Open Legislation (New York State Senate). Reproduced from public-domain New York statutes; confirm against the official source for the current text. Not legal advice.