2015 New York Laws
EDN - Education
Title 1 - GENERAL PROVISIONS
Article 8 - (350 - 365) STATE UNIVERSITY AND STATE FINANCIAL ASSISTANCE FOR HIGHER EDUCATION
359 - Reports of the state university trustees.

 359. Reports  of  the  state university trustees. 1. The trustees of
  the state university shall make, on or  before  January  first  of  each
  year,  an annual report of its activities and such recommendations as it
  may deem appropriate to the board of regents, the  governor,  the  state
  comptroller  and  the  legislature.  This  annual report shall include a
  summary of state university's (1) operations  and  accomplishments;  and
  (2)  revenues  and  expenditures,  in  accordance with the categories or
  classifications established by the trustees of the state university  for
  operating  and capital outlay purposes. A copy of such report shall also
  be transmitted to the council of each state-operated institution.
2. On the fifteenth day of September, November,  January,  March,  May
  and July of each year, the trustees of the state university shall submit
  to  the chairs of the senate finance committee and the assembly ways and
  means committee  and  the  director  of  the  budget  for  informational
  purposes,   bi-monthly   reports  developed  in  consultation  with  the
  aforementioned chairs and director of all receipts and disbursements  of
  the state university. These reports shall include but not be limited to:
a.  a  comparison of actual receipts and disbursements with the fiscal
  year expenditure and revenue plan;
b. an allocation of lump sums;
c. an allocation of lump sum positions;
d. the reallocation between campuses of personal  service  based  upon
  full-time equivalent positions;
e. transfers to other than personal service and temporary service;
f. campus allocation changes; and
g.  identification of any revenue shortfalls, deficiencies, surpluses,
  or budgetary actions by the governor.
3. The trustees of the state university shall submit to the  governor,
  the  state  comptroller  and  the legislature, within one hundred twenty
  days after the close of each state university  fiscal  year,  an  annual
  financial  statement  which has been audited by an independent certified
  public accountant and prepared in  accordance  with  generally  accepted
  accounting principles as prescribed by the state comptroller.
4.  On the fifteenth day of February, May, August and November of each
  year, the state university  shall  provide  the  chairs  of  the  senate
  finance  committee  and  the  assembly  ways and means committee and the
  director of the budget  with:  (a)  quarterly  reports  summarizing  all
  expenditures  from  and  status  of  the  health  care  account  and the
  contractual reserve account authorized by subdivision eight-a of section
  three hundred fifty-five of this article; and (b) a list of networks  in
  which state university health care facilities are participating.
* 5. The state university trustees shall conduct a study regarding the
  effectiveness and functionality of the New York state tuition assistance
  program,  which  shall  consider a variety of factors including, but not
  limited to, the costs associated with pursuing a degree in undergraduate
  study, current tuition assistance program thresholds and  award  levels,
  current  eligibility  criteria to qualify for an award under the tuition
  assistance program, and any other information the trustees determine  to
  be relevant. The study shall also include recommendations to improve the
  tuition assistance program to better meet the future financial aid needs
  of  students who reside in New York state and to ensure continued access
  and affordability of the state university of New York. The  study  shall
  be submitted to the governor, the temporary president of the senate, the
  speaker of the assembly, the director of the division of the budget, the
  senate  finance committee, the assembly ways and means committee and the
  higher education committees of the  legislature  on  or  before  October
  first,  two  thousand  thirteen. In addition, the state university shall
  annually examine and report on each state-operated  campus'  efforts  to

  promote  fiscal stability for the duration of the five year tuition plan
  by implementing cost saving measures and increasing fundraising efforts.
  Further, the trustees shall periodically review their patent policies to
  ensure  competitiveness,  and  shall  annually report on how the revenue
  generated by this paragraph has helped retain and grow full-time faculty
  and increase program availability. The  University  Centers  shall  also
  report annually to the state university trustees on how research revenue
  yields  quantifiable  results  for  each  of the four campuses and state
  university of New York at Buffalo and state university of  New  York  at
  Stony  Brook  shall  additionally report on what each campus is doing to
  maintain their AAU status.
* NB Repealed July 1, 2016