NYC Council · Int 0516-2024 · Filed (End of Session)

Creation of a revolving loan fund to support students with disabilities.

Introduced

Moved

Reached a final decision

Introduced Mar 7, 2024

Official status: Filed (End of Session)

Derived from the official record below.

Officially: “A Local Law to amend the administrative code of the city of New York, in relation to the creation of a revolving loan fund to support students with disabilities” Read the full text

Education

What it does

This bill would require the Department of Education (DOE) to establish a revolving loan fund to provide loans to eligible private schools supporting students with disabilities that are awaiting the issuance of a payment pursuant to a written settlement agreement or an order issued pursuant to an impartial due process hearing. The loans would be for a term of two-years and no interest would be charged so long as the loans are repaid in a timely manner.

Summary written by City Council staff, from the official record. Plain-language AI rewrite with cited sections coming. Not legal advice.