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Bill

S 5973

Creates the New York state community service loan board; appropriation

2025 Regular Session Introduced by Kevin Parker

Creates the New York State Community Service Loan Board and authorizes state funding to operate a community service loan program.

REFERRED TO FINANCE
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WeVote Research Nonpartisan
Bill Summary · S 5973

Summary of Bill S 5973 (New York)

Overview

  • Bill Number: S 5973
  • Title: Creates the New York state community service loan board; appropriation
  • Status: Referred to Finance
  • Introduced: March 4, 2025
  • Classification: Bill
  • Related Legislation: Prior-session bills include S 1886, S 2956, S 2603, S 6212, S 341, S 1041, S 3287, S 4855, S 4941, S 6036

Note: The provided information does not include the bill’s actual text. The summary below reflects the bill’s title and typical governance implications, with clarifications where specifics are not available.

Purpose and Intent (as inferred from the title)

  • The bill would establish a New York State Community Service Loan Board and authorize a state appropriation to support its creation and operations.
  • The aim is presumably to oversee, administer, or fund a loan program related to community service initiatives, potentially linking students, volunteers, or service organizations to financial support.

Key Provisions (high-level, based on the title)

  • Creation of a New Board: Establishment of the “New York State Community Service Loan Board.” Specifics on board composition, governance, and duties are not provided in the available text.
  • Appropriation Authority: Authorization of funding from the state budget to support the board’s activities (operational costs, program administration, or loan-related activities). The exact amount and use of funds are not specified here.
  • Program Scope (likely framework): While not detailed in the excerpt, such a bill typically defines the scope of any community service loan programs, eligibility criteria, loan terms, and oversight mechanisms in the full text.

Important: The precise powers, eligibility rules, loan terms, application processes, reporting requirements, and administrative structure would be defined in the bill’s full text. This summary cannot lock in those specifics.

Affected Parties and Potential Impact

  • Directly Affected: Individuals and organizations involved in community service who might participate in a state-supported loan program or receive funding oversight under the new board.
  • Institutions: State agencies (e.g., an education or volunteerism office) that would interact with or administer the board or its programs.
  • Budgetary Impact: Creation of a new board and any associated programs would require an appropriation, affecting state expenditures and fiscal planning.

Procedural and Timeline Aspects

  • The bill was introduced on March 4, 2025 and referred to the Senate Finance Committee (Finance). This indicates the bill will undergo budgetary and financial scrutiny and could move through committee consideration before potential floor action.
  • No further actions are listed in the provided record. Track changes through the Senate Finance Committee and legislative calendar for amendments, hearings, or passage.

How to Track

  • Watch updates from the New York Senate Finance Committee for hearings, amendments, and votes on S 5973.
  • Check the New York Legislature’s bill status pages for text, fiscal notes, and sponsor information.
  • Review related bills (S 1886, S 2956, S 2603, S 6212, S 341, S 1041, S 3287, S 4855, S 4941, S 6036) for potential context or earlier proposals with similar aims.

If you’d like, I can summarize the bill’s actual text once you provide it or link to the full legislative language.

Compiled from official sources — confirm details with the bill’s official record.

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