Senate BillChaptered/Signed
S 7486: Qualifies the permitted use of proceeds from the lease of lands located at the state university of New York at Purchase shall go to New York state resident students who are eligible to receive a federal Pell grant.
What S 7486 does, verified November 22, 2025
The state of New York is authorizing the lease of certain lands at Purchase College to the Purchase College Advancement Corporation. The lease proceeds will be allocated by the college's board of trustees. Seventy-five percent of the proceeds will go towards student financial aid for New York state residents eligible for federal Pell grants or other tuition assistance awards. Twenty-five percent of the proceeds will support current and additional full-time faculty positions. This act will take effect immediately.
Bill journey
✓IntroducedComplete
✓In CommitteeComplete
✓First Chamber FloorComplete
✓Second ChamberComplete
✓GovernorComplete
6ChapteredCurrent
Last action: SIGNED CHAP.554 (2025-11-21)Alert me
Quick answers about S 7486
- What is the current status of S 7486?
- As of November 22, 2025, S 7486 is recorded as "Chaptered/Signed": it has been signed by the Governor and chaptered into law. The last recorded action, on November 21, 2025, was "SIGNED CHAP.554".
- Did S 7486 pass?
- Yes. S 7486 passed both houses and was signed into law (last action November 21, 2025). New York laws take effect on the date written into the bill, often immediately on signing or a set number of days afterward.
- Who wrote S 7486, and where is it now?
- S 7486 was authored by Sen. Shelley Mayer.
Author and sponsors
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| Nov. 21, 2025 | SIGNED CHAP.554 |
| Nov. 17, 2025 | DELIVERED TO GOVERNOR |
| Jun. 11, 2025 | returned to senate |
| Jun. 11, 2025 | passed assembly |
| Jun. 11, 2025 | ordered to third reading rules cal.635 |
Latest bill textIntroduced version, April 17, 2025 · 338 words
STATE OF NEW YORK ________________________________________________________________________ 7486 2025-2026 Regular Sessions IN SENATE April 17, 2025 ___________ Introduced by Sen. MAYER -- read twice and ordered printed, and when printed to be committed to the Committee on Higher Education AN ACT to amend chapter 405 of the laws of 2011, relating to authorizing the lease of lands located at the state university of New York at Purchase, in relation to the permitted use of proceeds from the lease of such lands The People of the State of New York, represented in Senate and Assem- bly, do enact as follows: 1 Section 1. Subdivision (a) of section 13 of chapter 405 of the laws of 2 2011, relating to authorizing the lease of lands located at the state 3 university of New York at Purchase, as amended by chapter 562 of the 4 laws of 2023, is amended to read as follows: 5 (a) Any contracts or leases entered into by the state university of 6 New York with the Purchase college advancement corporation pursuant to 7 this act shall be subject to approval of the attorney general as to form 8 as well as by the director of the budget and the state comptroller. Any 9 and all proceeds relating to the leases authorized by this act shall be 10 allocated by the board of trustees for Purchase college, state universi- 11 ty of New York, in the following manner: seventy-five percent to the 12 student financial aid for New York state resident students who [are] 13 were at any time while attending Purchase college eligible to receive a 14 Pell grant, or a tuition assistance award or supplemental tuition 15 assistance pursuant to section 667 or 667-a of the education law, and 16 twenty-five percent to support current and additional full-time faculty 17 positions. 18 § 2. This act shall take effect immediately. EXPLANATION--Matter in italics (underscored) is new; matter in brackets [] is old law to be omitted. LBD11614-01-5
Text of S 7486 as introduced, from the official record. Connect Plus keeps every version and highlights what changed.Compare versions