Authorizes transfer of funds from tuition reimbursement account to vocational school supervision account if balance exceeds $2.5 million.

This bill amends the education law to allow a transfer of up to $500,000 from the tuition reimbursement account to the proprietary vocational school supervision account if the net balance of the tuition reimbursement account exceeds $2.5 million. The transfer must occur within a state fiscal year upon request by the commissioner. The act takes effect immediately.

Authorizes transfer of funds from tuition reimbursement account to vocational school supervision account if balance exceeds $2.5 million.

This bill amends the education law to allow a transfer of up to $500,000 from the tuition reimbursement account to the proprietary vocational school supervision account if the net balance of the tuition reimbursement account exceeds $2.5 million. The transfer must occur within a state fiscal year upon request by the commissioner. The act takes effect immediately.