Section 6402. Enrollment grants to schools of medicine and dentistry

1.
  The  commissioner  shall  apportion  each  year   to   each   non-public
  institution of higher education offering an approved program in medicine
  a sum to be determined as follows:
    (a)  Two  thousand  one hundred fifty dollars shall be apportioned for
  each full-time student enrolled.
    (b) An  additional  three  thousand  five  hundred  dollars  shall  be
  apportioned  for each full-time upper division student enrolled who is a
  resident of the state and who:
    (i)  participates  in  the  coordinated  transfer   program   of   the
  association of American medical colleges; or
    (ii) participates in the fifth pathway program; or
    (iii)  participated in and successfully completed in good standing the
  biomedical education program of the city college of the city  university
  of New York.
    2.  The  commissioner  shall  apportion  each  year to each non-public
  institution  of  higher  education  offering  an  approved  program   in
  dentistry  the  sum  of  fifty-eight  hundred dollars for each full-time
  student enrolled, except that aid distributed under this  program  shall
  not  exceed  a  sum  based  upon  a  total  enrollment  of eight hundred
  thirty-five students at  New  York  University  and  two  hundred  forty
  students at Columbia University.
    3.  Receipt  of aid for eligible students pursuant to paragraph (b) of
  subdivision one of this  section  shall  preclude  an  institution  from
  receiving  state  aid  for  the  same  students  under the provisions of
  section sixty-four hundred one of this article.
    4. (a) To be eligible for assistance under this section an institution
  must meet such standards of educational quality applicable to comparable
  public institutions of higher education, as may be  from  time  to  time
  established by the regents.
    (b)  In  addition, to be eligible for assistance under subdivision two
  of this section an institution must annually submit to the  commissioner
  a  complete and detailed report as to each major item of educational and
  other revenue and expenditure contained in the budget for such  approved
  program  of  dentistry,  for both the preceding and the current academic
  years for which aid pursuant to this section has or  will  be  received.
  Such report shall also include enrollment and faculty data, and shall be
  in  such  form as the commissioner, with the approval of the director of
  the budget, may prescribe.
    The commissioner, upon review of the data contained  in  such  report,
  shall  be authorized to require such institutions to file an application
  with the appropriate agency of the federal government  for  a  Financial
  Distress  Grant  pursuant  to  Title  VIII  of  the  Health  Professions
  Educational Assistance Act of 1976, as a condition of further receipt of
  assistance under subdivision two of this section.
    5. The commissioner of education may promulgate rules and  regulations
  to accomplish the purposes of this section.
    6.  Funds  appropriated for the purposes of this section shall be paid
  in  accordance  with  a  payment  schedule  to  be  established  by  the
  commissioner and approved by the director of the budget.