NYC Council Introduction 516

intro.nyc/0516-2024 2024-2025 Legislative Session
Creation of a revolving loan fund to support students with disabilities.
Status: Committee Committee on Education
Sponsored by Justin L. Brannan
Introduced: March 7, 2024

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.