Directs the New York state higher education services corporation to conduct an audit of the excelsior scholarship program to determine the financial need and diversity of scholarship applicants and recipients; provides for the repeal of such provisions upon the expiration thereof.

This bill requires the New York State Higher Education Services Corporation to review the Excelsior Scholarship program. The audit aims to assess the financial needs and diversity of those applying for and receiving the scholarships. If the provisions are not needed anymore, they will be repealed after a certain period.

Supporters of the bill argue that conducting an audit will ensure that the Excelsior Scholarship program is effectively serving a diverse group of students who genuinely need financial assistance. They believe this transparency will enhance the program's integrity and help improve access to higher education for all New Yorkers.

Critics might argue that this bill could lead to unnecessary bureaucracy and delays in the scholarship process. They may also express concern that focusing on diversity and financial need could detract from the overall goal of providing scholarships to as many students as possible.