New York S07424 sets a minimum reimbursement rate for state-funded SUNY programs and allows state agencies to fund SUNY programs for administrative.

New York S07424 amends the state finance law to ensure that state-funded SUNY programs receive reimbursements of at least 26% of their direct costs. It also permits state agencies to fund SUNY programs if they determine that such funding would lead to administrative efficiencies or cost savings. This bill applies to contracts awarded after its effective date.

New York S07424 sets a minimum reimbursement rate for state-funded SUNY programs and allows state agencies to fund SUNY programs for administrative.

New York S07424 amends the state finance law to ensure that state-funded SUNY programs receive reimbursements of at least 26% of their direct costs. It also permits state agencies to fund SUNY programs if they determine that such funding would lead to administrative efficiencies or cost savings. This bill applies to contracts awarded after its effective date.