Bill > S06745

This bill requires the State University of New York (SUNY) and the City University of New York (CUNY) to publish comprehensive annual reports for their research foundations and campus foundations by November 1st each year. These reports must be posted publicly on their respective websites in a machine-readable format and include three key types of information: detailed financial reports following generally accepted accounting principles, a comprehensive list of all contracts with vendor details, and a detailed employee roster listing salaries, job titles, descriptions, and locations by campus and department. The bill includes important privacy protections, ensuring that certain sensitive information such as trade secrets, personal privacy details, and information related to ongoing contract negotiations or charitable donations can be redacted. The reports aim to increase transparency about the financial operations and staffing of these public university systems, while still maintaining reasonable confidentiality where necessary. The new reporting requirements will take effect on the first day of January following the bill's passage, with preparatory administrative work authorized immediately.

Education

https://www.nysenate.gov/legislation/bills/2025/S6745