New York S07486 amends the use of proceeds from the lease of lands at SUNY Purchase to benefit students and faculty.

New York S07486 amends the allocation of proceeds from the lease of lands at the State University of New York at Purchase. Seventy-five percent of the proceeds will go to student financial aid for New York state resident students who are eligible for a federal Pell grant, a tuition assistance award, or supplemental tuition assistance. The remaining twenty-five percent will support current and additional full-time faculty positions. The act takes effect immediately.

New York S07486 amends the use of proceeds from the lease of lands at SUNY Purchase to benefit students and faculty.

New York S07486 amends the allocation of proceeds from the lease of lands at the State University of New York at Purchase. Seventy-five percent of the proceeds will go to student financial aid for New York state resident students who are eligible for a federal Pell grant, a tuition assistance award, or supplemental tuition assistance. The remaining twenty-five percent will support current and additional full-time faculty positions. The act takes effect immediately.