Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Apr 13, 2010 |
reported referred to ways and means |
Mar 29, 2010 |
referred to small business |
Assembly Bill A10474
2009-2010 Legislative Session
Sponsored By
ESPAILLAT
Archive: Last Bill Status - In Assembly Committee
- Introduced
-
- In Committee Assembly
- In Committee Senate
-
- On Floor Calendar Assembly
- On Floor Calendar Senate
-
- Passed Assembly
- Passed Senate
- Delivered to Governor
- Signed By Governor
Actions
co-Sponsors
Joan Christensen
RoAnn Destito
Ellen C. Jaffee
Audrey Pheffer
multi-Sponsors
Peter Abbate
Inez Barron
Daniel Burling
Marcos Crespo
2009-A10474 (ACTIVE) - Details
- Current Committee:
- Assembly Ways And Means
- Law Section:
- New York State Urban Development Corporation Act
- Laws Affected:
- Add §16-t, amd §16-m, UDC Act
- Versions Introduced in Other Legislative Sessions:
-
2011-2012:
A6712
2013-2014: A2587
2015-2016: A7797, A3740
2017-2018: A3284
2019-2020: A8802
2021-2022: A6480
2023-2024: A6335
2009-A10474 (ACTIVE) - Sponsor Memo
BILL NUMBER:A10474 TITLE OF BILL: An act to amend the New York state urban development corporation act, in relation to creating the small business energy loan program PURPOSE OR GENERAL IDEA OF BILL: A loan program would be established to expand on existing programs operated by the New York State Energy Research Development Authority to make energy audits and energy effi- cient technology implementation more readily available to small busi- nesses in economically distressed areas. This program would be struc- tured according to the existing NYSERDA low-interest loan program, whereby small commercial businesses are eligible to have certified ener- gy audit specialists conduct energy audits of the business and make recommendations for energy efficient activities, upgrades and technology installations. If the business chooses the energy efficient activities and technologies recommended by the audit, the customer could access a low-interest loan fund to reduce the cost of installing such measures. SUMMARY OF SPECIFIC PROVISIONS: This bill would establish a small busi- ness energy loan fund to provide zero or low interest loans up to one hundred thousand dollars and loan interest rate reductions to small businesses in economically distressed areas for energy efficiency projects and advanced energy technologies. In order to be eligible to participate in this loan program, small businesses in economically distressed areas must have an energy audit provided through the
2009-A10474 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 10474 I N A S S E M B L Y March 29, 2010 ___________ Introduced by M. of A. ESPAILLAT, CHRISTENSEN, DESTITO, JAFFEE, PHEFFER, CASTRO, MILLMAN, SCHIMMINGER, KOON, GABRYSZAK, COLTON, SKARTADOS, D. WEPRIN, SCHROEDER, BOYLAND, GIBSON, McDONOUGH -- Multi-Sponsored by -- M. of A. ABBATE, BARRON, BURLING, CRESPO, CROUCH, DUPREY, GALEF, GUNTHER, McENENY, M. MILLER, ROBINSON, SAYWARD, SCHIMEL, SWEENEY, TEDISCO, TOWNSEND -- read once and referred to the Committee on Small Business AN ACT to amend the New York state urban development corporation act, in relation to creating the small business energy loan program THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. The legislature hereby finds and declares that the state's chronically high energy costs are often cited as a key factor for why New York-based businesses and New York-made products are not competitive in national and global markets. The legislature further finds that the state's economic expansion is tied to the growth and development of small businesses. By reducing a primary cost component in a rapidly growing sector of the state's economy, those businesses are rendered more competitive, and thus help to better secure New York-based jobs. In addition, thriving businesses and communities will augment the tax base, which in distressed communities is disproportionately lower than in other areas of the state. Therefore, the legislature seeks to provide funds to reduce high ener- gy costs, via a zero or low interest loan, or loan interest rate reduction program for energy efficiency projects to stimulate the growth and development of small businesses and jobs in New York state. S 2. Section 1 of chapter 174 of the laws of 1968, constituting the New York state urban development corporation act, is amended by adding a new section 16-t to read as follows: S 16-T. SMALL BUSINESS ENERGY LOAN PROGRAM. 1. DEFINITIONS. FOR THE PURPOSE OF THIS SECTION: (A) "AUTHORITY" SHALL MEAN THE NEW YORK STATE ENERGY RESEARCH AND DEVELOPMENT AUTHORITY AS DEFINED IN SECTION 1851 OF THE PUBLIC AUTHORI- TIES LAW. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted.
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