Senate Bill S3203

2013-2014 Legislative Session

Relates to the New York incubator network

download bill text pdf

Sponsored By

Archive: Last Bill Status - In Senate Committee Commerce, Economic Development And Small Business 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

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2013-S3203 (ACTIVE) - Details

Current Committee:
Senate Commerce, Economic Development And Small Business
Law Section:
Public Authorities Law
Laws Affected:
Add §3102-h, Pub Auth L
Versions Introduced in Other Legislative Sessions:
2009-2010: S7048
2011-2012: S3512
2015-2016: S2508
2017-2018: S2196
2019-2020: S5015
2021-2022: S5423
2023-2024: S7893

2013-S3203 (ACTIVE) - Summary

Relates to incubators for entrepreneurial development.

2013-S3203 (ACTIVE) - Sponsor Memo

2013-S3203 (ACTIVE) - Bill Text download pdf

                            
                    S T A T E   O F   N E W   Y O R K
________________________________________________________________________

                                  3203

                       2013-2014 Regular Sessions

                            I N  S E N A T E

                            January 31, 2013
                               ___________

Introduced  by  Sen.  PARKER -- read twice and ordered printed, and when
  printed to be committed to the Committee on Commerce, Economic  Devel-
  opment and Small Business

AN  ACT to amend the public authorities law, in relation to the New York
  incubator network

  THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
BLY, DO ENACT AS FOLLOWS:

  Section 1.  Legislative Intent. The legislature hereby recognizes that
supporting a statewide network of university affiliated business incuba-
tors,  selected  on  a competitive basis that maintain not only physical
facilities but also most current industry best practice business  devel-
opment  services is a cost effective approach to supporting start-up and
early stage companies and helping  the  state's  creative  entrepreneurs
successfully  transition  technological  breakthroughs  with  commercial
potential from the laboratory to the  marketplace.  This  investment  in
university affiliated business incubators will support regional develop-
ment and local economic diversification, job creation, and the retention
of the state's vast resources of intellectual capital.
  S  2.    The public authorities law is amended by adding a new section
3102-h to read as follows:
  S 3102-H. NEW YORK INCUBATOR NETWORK. THE FOUNDATION IS AUTHORIZED  TO
DESIGNATE TEN INCUBATORS AS PART OF THE NEW YORK INCUBATOR NETWORK. SUCH
DESIGNATIONS SHALL BE MADE IN ACCORDANCE WITH THE STANDARDS AND CRITERIA
SET  FORTH IN SUBDIVISION TWO OF THIS SECTION AND WILL LAST FOR A PERIOD
OF FIVE YEARS. INCUBATORS SO DESIGNATED SHALL BE  ELIGIBLE  FOR  SUPPORT
FROM  THE  FOUNDATION IN THE MANNER PROVIDED FOR IN SUBDIVISION THREE OF
THIS SECTION, AND FOR  SUCH  ADDITIONAL  SUPPORT  AS  MAY  OTHERWISE  BE
PROVIDED BY LAW.
  1.  AS  USED  IN  THIS  SECTION: (A) "INCUBATOR" OR "INCUBATE" MEANS A
UNIVERSITY OR UNIVERSITY-AFFILIATED RESEARCH INSTITUTE OR  A  CONSORTIUM
OF  SUCH  INSTITUTIONS,  DESIGNATED  BY  THE  FOUNDATION, WHICH PROVIDES

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD06909-01-3
              

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