N.Y. Education Law 6230 – City university of New York senior college budget process
§ 6230. City university of New York senior college budget process. 1. For the purposes of this section and section sixty-two hundred twenty-one of this article, the term "approved programs and services" shall mean and include all programs and services provided by the senior colleges excluding campus schools or other elementary or secondary schools which receive state aid under other provisions of law and also excluding all unfunded accrued liability payments, revised unfunded accrued liability payments (as defined in subdivision seven of section sixty-two hundred two of this article), installments of nineteen hundred eighty unfunded accrued liability adjustment (as defined in subdivision eight of such section sixty-two hundred two), installments of nineteen hundred eighty-two unfunded accrued liability adjustment (as defined in subdivision eight-a of such section sixty-two hundred two), installments of NYCERS nineteen hundred eighty-five unfunded accrued liability adjustment attributable to the senior colleges (as defined in subdivision eight-b of such section sixty-two hundred two), installments of NYCTRS nineteen hundred eighty-five unfunded accrued liability adjustment (as defined in subdivision eight-c of such section sixty-two hundred two), installments of NYCTRS nineteen hundred eighty-six unfunded accrued liability adjustment (as defined in subdivision eight-d of such section sixty-two hundred two), installments of New York city employees' retirement system nineteen hundred eighty-eight unfunded accrued liability adjustment attributable to the senior colleges (as defined in subdivision eight-e of such section sixty-two hundred two), installments of New York city teachers' retirement system nineteen hundred eighty-eight unfunded accrued liability adjustment attributable to the senior colleges (as defined in subdivision eight-f of such section sixty-two hundred two), installments of any NYCERS post-June thirtieth, nineteen hundred ninety unfunded accrued liability adjustment attributable to the senior colleges (as defined in subdivision eight-g of such section sixty-two hundred two), installments of any NYCTRS post-June thirtieth, nineteen hundred ninety unfunded accrued liability adjustment attributable to the senior colleges (as defined in subdivision eight-h of such section sixty-two hundred two), contributions for twenty-year amortization of nineteen hundred ninety senior college consolidated UAL and senior college remainder of BSL (as defined in subdivision eight-o of section sixty-two hundred two of this article) and balance sheet liability contributions (as defined in subdivision nine of such section sixty-two hundred two) required to be made pursuant to chapters nine hundred seventy-five, nine hundred seventy-six and nine hundred seventy-seven of the laws of nineteen hundred seventy-seven or the provisions of law referred to in such subdivisions with respect to pension contributions, provided that all such programs have been approved as a part of the master plan of the city university and as a part of the regents plan for higher education or general revision thereof pursuant to section two hundred thirty-seven of this chapter.
Terms Used In N.Y. Education Law 6230
- Amortization: Paying off a loan by regular installments.
- board of trustees: means the board of trustees of the city university of New York. See N.Y. Education Law 6202
- city university: shall mean the city university of New York, including each senior college and each community college. See N.Y. Education Law 6202
- Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
- nineteen hundred eighty unfunded accrued liability adjustment: when used in relation to the New York city employees' retirement system, shall mean the total amount which is determined pursuant to the provisions of items (i), (ii), (iii), (iv) and (v) of subparagraph (c) of paragraph (3) of subdivision b of section 13-127 of the administrative code of the city of New York to be the amount to be paid as a charge or applied as a credit, as the case may be, pursuant to the provisions of subparagraph (b) of paragraph (1) of such subdivision b, with respect to employer contributions to such retirement system for any fiscal year of the city preceding July first, nineteen hundred ninety. See N.Y. Education Law 6202
- nineteen hundred eighty-two unfunded accrued liability adjustment: when used in relation to the New York city employees' retirement system, shall mean the total amount which is determined pursuant to the provisions of item (vi) of subparagraph (c) of paragraph three of subdivision b of section 13-127 of the administrative code of the city of New York to be the amount to be applied as a credit pursuant to the provisions of subparagraph (b) of paragraph (1) of such subdivision b, with respect to employer contributions to such retirement system for any fiscal year of the city preceding July first, nineteen hundred ninety. See N.Y. Education Law 6202
- NYCERS nineteen hundred eighty-five unfunded accrued liability adjustment attributable to the senior colleges: shall mean the total amount which is determined pursuant to the provisions of sub-items (H), (I), (J) and (J-1) of item (vii) of subparagraph (c) of paragraph three of subdivision b of section 13-127 of the administrative code of the city of New York to be the amount to be applied as a credit in favor of the city of New York and the state of New York with respect to their required contributions to the contingent reserve fund of the New York city employees' retirement system for any fiscal year of the city preceding July first, nineteen hundred ninety. See N.Y. Education Law 6202
- NYCTRS nineteen hundred eighty-five unfunded accrued liability adjustment: shall mean the total amount which is determined pursuant to the provisions of paragraph ten of subdivision e of section 13-527 of the administrative code of the city of New York to be the amount to be applied as a credit, pursuant to the provisions of subparagraph c-1 of paragraph two of subdivision a of such section 13-527, with respect to employer contributions to the New York city teachers' retirement system for fiscal years of the city preceding July first, nineteen hundred ninety. See N.Y. Education Law 6202
- NYCTRS nineteen hundred eighty-six unfunded accrued liability adjustment: shall mean the total amount which is determined pursuant to the provisions of paragraph eleven of subdivision e of section 13-527 of the administrative code of the city of New York to be the amount to be applied as a credit, pursuant to the provisions of subparagraph c-2 of paragraph two of subdivision a of such section 13-527, with respect to employer contributions to the New York city teachers' retirement system for fiscal years of the city preceding July first, nineteen hundred ninety. See N.Y. Education Law 6202
- Remainder: An interest in property that takes effect in the future at a specified time or after the occurrence of some event, such as the death of a life tenant.
- senior college: shall mean an institution of higher education in the city of New York, which is governed and administered by the board of trustees, including, but not limited to, a professional or graduate institution, an institution for research, an administrative institution, and, except as otherwise provided, Medgar Evers college, New York city college of technology (formerly known as "New York city technical college" and "New York city community college"), and the college of Staten Island, but not including a community college. See N.Y. Education Law 6202
2. For each city fiscal year, the chancellor of the city university shall prepare a proposed operating and capital budget for all approved programs and services of the senior colleges in such form and contents as shall be required by the state director of the budget. Such proposed operating and capital budget, after approval by the board of trustees, shall be submitted to the governor by the first day of October of each year, with copies at such time to the state director of the budget, senate finance committee and the assembly ways and means committee, for information purposes, the director of the office of management and budget of the city of New York.
3. The governor shall submit his recommendations with respect to such city university of New York senior college operating and capital budget to the legislature as part of the local assistance and capital construction portions of the executive budget, as appropriate.