Authorizes transfer of funds from tuition reimbursement account to proprietary vocational school supervision account if balance exceeds $2.5 million.
The bill amends the education law to allow for the transfer of funds from the tuition reimbursement account to the proprietary vocational school supervision account if the net balance of the tuition reimbursement account exceeds two million five hundred thousand dollars. A maximum of five hundred thousand dollars can be transferred within a state fiscal year upon request by the commissioner.
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- Core Provisions
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- Impact
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- Critical Issues
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