Senate BillIntroduced
S 7424: Provides that state-funded SUNY programs shall be reimbursed at no less than 26% of the direct costs; allows state agencies to fund SUNY programs where such state agencies determine that such program would produce administrative efficiencies or cost savings.
What S 7424 does, verified September 26, 2026
The bill aims to ensure that New York state agencies fund state university of New York programs at a minimum of 26% of direct costs. This amendment applies to programs funded by state agencies and conducted by the state university of New York. The bill also allows state agencies to award sole-source contracts to the Research Foundation of the state university of New York when it determines that operating the program by the university would produce administrative efficiencies or cost savings. The changes take effect immediately and apply to contracts awarded on or after the effective date.
Bill journey
1IntroducedCurrent
2In CommitteePending
3First Chamber FloorPending
4Second ChamberPending
5GovernorPending
6ChapteredPending
Last action: REFERRED TO PROCUREMENT AND CONTRACTS (2026-01-07)Alert me
Quick answers about S 7424
- What is the current status of S 7424?
- As of September 26, 2026, S 7424 is recorded as "Introduced": it has been introduced and is waiting for its first committee hearing or floor vote. The last recorded action, on January 7, 2026, was "REFERRED TO PROCUREMENT AND CONTRACTS".
- Did S 7424 pass?
- Not yet. S 7424 has been introduced and has not passed either house.
- Who wrote S 7424, and where is it now?
- S 7424 was authored by Sen. Rachel May with 1 coauthor. Its committee of record is Senate Procurement & Contracts.
Author and sponsors
Full contact details, staff, and committees with Connect, $16/moUnlockRecent actions2 total · showing 2
| Jan. 07, 2026 | REFERRED TO PROCUREMENT AND CONTRACTS |
| Apr. 16, 2025 | REFERRED TO PROCUREMENT AND CONTRACTS |
Latest bill textIntroduced version, April 16, 2025 · 330 words
STATE OF NEW YORK ________________________________________________________________________ 7424 2025-2026 Regular Sessions IN SENATE April 16, 2025 ___________ Introduced by Sen. MAY -- read twice and ordered printed, and when printed to be committed to the Committee on Procurement and Contracts AN ACT to amend the state finance law, in relation to funding of state university of New York programs by state agencies The People of the State of New York, represented in Senate and Assem- bly, do enact as follows: 1 Section 1. All New York state sponsored programs conducted by the 2 state university of New York and funded by a New York state agency shall 3 be reimbursed at no less than twenty-six percent of the direct costs 4 necessary to fulfill the obligations of such program's terms related to 5 costs not otherwise allowable as a direct charge. 6 § 2. Section 179-ee of the state finance law is amended by adding a 7 new subdivision 4 to read as follows: 8 4. Notwithstanding any other provision of this article to the contra- 9 ry, for the purposes of a contract for a New York state sponsored 10 program conducted by the state university of New York and funded by a 11 state agency, a state agency may award a sole source contract to the 12 research foundation of the state university of New York, on behalf of 13 the state of New York, when the state agency determines that operation 14 of such sponsored program by the state university of New York would 15 produce administrative efficiencies or cost savings or program results 16 which would exceed those likely to be achieved through the use of a 17 request for proposals. 18 § 3. This act shall take effect immediately and shall apply to 19 contracts awarded on or after such effective date. EXPLANATION--Matter in italics (underscored) is new; matter in brackets [] is old law to be omitted. LBD11661-01-5
Text of S 7424 as introduced, from the official record. Connect Plus keeps every version and highlights what changed.Compare versions