New York Codes, Rules and Regulations
Title 8 - EDUCATION DEPARTMENT
Chapter V - State University of New York
Subchapter D - Code of Standards and Procedures for the Administration and Operation of Community Colleges under the Program of State University of New York
Part 603 - The College Capital Budget
Section 603.7 - Capital cost chargeback for nonresident students
Current through Register Vol. 46, No. 12, March 20, 2024
(a) Monies received from the chargeback to the counties of residence of nonresident students of amounts on account of capital costs of the local sponsor shall be deposited in the community college fund in accordance with subdivision 5-b of section 6304 of the Education Law and shall be separately accounted for within said fund, and be used:
(b) Capital chargeback monies may be expended to pay for up to one-half the purchase price of equipment. Such purchases shall be limited to those items of equipment which require significant expenditure of funds. For purposes of this section, equipment shall include only those articles that:
In no event shall expenditures for equipment, made with capital chargeback monies, qualify for State operating aid.
(c) Payment of said monies for the foregoing purposes shall be made to the sponsor of the community college from the community college fund.
(d) The term year shall be defined to mean an academic year with respect to the chargeback of amounts on account of capital costs.
(e) Effective with the academic terms commencing on or before January 1, 1976, the annual charge to the counties by the college, up to a maximum of $300, shall be apportioned according to the following schedule:
(f) Each community college with the submission of its annual budget shall request a capital chargeback rate. Such application shall include justification for approval of the charge, which shall indicate the amount of the approved capital expenses of the college and the chargeback reserves on hand. Determination of chargeback amount shall be based on the following guidelines: