Bill > S01525

This bill amends the New York State Executive Law to require the Department of State, in collaboration with the Departments of Economic Development and Education, to provide technical assistance to municipalities that have experienced the closure of a college or university. Upon request, the state will offer support in four key areas: (1) workforce transition and development to help displaced workers and students, (2) strategies for attracting new employers and economic opportunities to the area, (3) developing plans for repurposing the land and buildings previously occupied by the closed institution, and (4) providing recommendations and planning assistance for managing financial matters related to the institution's assets, such as dealing with creditors. Importantly, the bill specifies that while the state will provide guidance and support, it will not become directly involved in any legal proceedings arising from the institution's closure. This legislation aims to help communities navigate the economic and social challenges that can arise when an educational institution unexpectedly closes, by offering comprehensive, multi-departmental technical assistance.

Budget and Finance, Government Affairs

https://www.nysenate.gov/legislation/bills/2025/S1525