senate Bill S4053A

Provides grants to owners of small businesses to rebuild storefronts severely damaged by Hurricane Sandy

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Sponsor

Bill Status


  • Introduced
  • In Committee
  • On Floor Calendar
    • Passed Senate
    • Passed Assembly
  • Delivered to Governor
  • Signed/Vetoed by Governor
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actions

  • 06 / Mar / 2013
    • REFERRED TO FINANCE
  • 08 / Jan / 2014
    • REFERRED TO FINANCE
  • 21 / Feb / 2014
    • AMEND AND RECOMMIT TO FINANCE
  • 21 / Feb / 2014
    • PRINT NUMBER 4053A

Summary

Provides grants to owners of small businesses to rebuild storefronts severely damaged by Hurricane Sandy.

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Bill Details

See Assembly Version of this Bill:
A6072A
Versions:
S4053
S4053A
Legislative Cycle:
2013-2014
Current Committee:
Senate Finance
Law Section:
State Finance Law
Laws Affected:
Add ยง99-v, St Fin L

Sponsor Memo

BILL NUMBER:S4053A

TITLE OF BILL: An act to amend the state finance law, in relation to
providing grants to rebuild storefronts damaged by Hurricane Sandy

PURPOSE:

To provide a grant of $10,000 to a small business which has a
storefront in order to rehabilitate the facade of the building.

SUMMARY OF PROVISIONS:

To provide a state grant of $10,000 to a small business that was
damaged by storms, rains or floods which occurred during the period
beginning on October 29, 2012 and ending November 3, 2012. A small
business is defined as any business located within this area,
independently owned and operated, and employs 50 or less individuals.
The grant could only be used to rehabilitate, repair or replace a
storefront of a business that existed prior to October 29, 2012, and
the business owner must provide proof that the storefront is severely
damaged and that the damage was sustained by Hurricane Sandy.

JUSTIFICATION:

Hurricane Sandy was a powerful superstorm that struck New York and
several neighboring states on October 29, 2012. In Queens, New York,
specifically in the Rockaway section, extensive destruction occurred
to many small businesses which has devastated the local economy of the
community. A grant of $10,000 would provide an opportunity for a small
business owner to rehabilitate and / or display new signage on their
storefront as a way to beautify the business and to send a message to
the community that they are back in business during this economic
crisis.

LEGISLATIVE HISTORY:

2013: S. 4053 - Referred to Finance.

FISCAL IMPLICATIONS:

$10,000.

EFFECTIVE DATE:

Immediately.

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

                                 4053--A

                       2013-2014 Regular Sessions

                            I N  S E N A T E

                              March 6, 2013
                               ___________

Introduced  by  Sen. ADDABBO -- read twice and ordered printed, and when
  printed to be committed to the Committee on Finance -- recommitted  to
  the  Committee  on Finance in accordance with Senate Rule 6, sec. 8 --
  committee discharged, bill amended, ordered reprinted as  amended  and
  recommitted to said committee

AN  ACT  to amend the state finance law, in relation to providing grants
  to rebuild storefronts damaged by Hurricane Sandy

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

  Section  1.  Definitions.  For the purposes of this act, the following
terms shall have the following meanings:
  1. "Severely damaged storefront" shall mean a storefront of a property
which was damaged as a result  of  Hurricane  Sandy  and  the  costs  of
repairs to rebuild such storefront total ten thousand dollars or more.
  2.  "Hurricane  Sandy"  shall  mean the storms, rains, or floods which
occurred during the period beginning on  October  29,  2012  and  ending
November 3, 2012.
  3.  "Small  business"  shall mean any business which is located within
this state, independently owned and operated, and employs fifty or fewer
individuals.
  S 2. Storefront repair program. 1. Notwithstanding any other provision
of law, an owner of a small business  who,  as  a  result  of  Hurricane
Sandy,  sustained  a severely damaged storefront shall be eligible for a
grant of ten thousand dollars to repair, rehabilitate, or  replace  such
storefront.
  2.  Application  by  a  small  business  owner for a grant pursuant to
subdivision one of this section shall be made to the division  of  home-
land  security  and emergency services in a manner and form to be deter-
mined by such division. Such  application  shall  include,  but  not  be
limited to:
  a. proof that the business operated by the owner is a small business;

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD09341-02-4

S. 4053--A                          2

  b. proof that the business was operated prior to Hurricane Sandy;
  c.  proof  that  the  damage sustained to the storefront was caused by
Hurricane Sandy;
  d. proof that the storefront is a severely damaged storefront; and
  e. any other information that such division deems relevant.
  3. Application for a grant authorized by this act shall be made on  or
before July 1, 2015.
  S  3. The state finance law is amended by adding a new section 99-v to
read as follows:
  S 99-V. HURRICANE SANDY STOREFRONT REPAIR FUND.  1.  THERE  IS  HEREBY
ESTABLISHED IN THE JOINT CUSTODY OF THE COMPTROLLER AND THE COMMISSIONER
OF  TAXATION  AND  FINANCE  A SPECIAL FUND TO BE KNOWN AS THE "HURRICANE
SANDY STOREFRONT REPAIR FUND".
  2. THE SOURCE OF FUNDS SHALL CONSIST OF ALL MONEYS COLLECTED THEREFOR,
OR MONEYS CREDITED, APPROPRIATED OR TRANSFERRED THERETO FROM  ANY  OTHER
FUND  OR  SOURCE PURSUANT TO LAW, OR ANY OTHER MONEYS MADE AVAILABLE FOR
THE PURPOSES OF THE FUND. ANY INTEREST RECEIVED BY  THE  COMPTROLLER  ON
MONEYS  ON  DEPOSIT  SHALL BE RETAINED IN AND BECOME A PART OF THE FUND,
UNLESS OTHERWISE DIRECTED BY LAW.
  3. FOLLOWING APPROPRIATION BY THE  LEGISLATURE,  MONEYS  IN  THE  FUND
SHALL  BE  AVAILABLE FOR GRANTS AUTHORIZED BY THE CHAPTER OF THE LAWS OF
TWO THOUSAND THIRTEEN WHICH ADDED THIS SECTION TO REPAIR,  REHABILITATE,
OR REPLACE ELIGIBLE STOREFRONTS DAMAGED BY HURRICANE SANDY.
  4.  THE  MONEYS OF THE FUND SHALL BE PAID OUT ON THE AUDIT AND WARRANT
OF THE COMPTROLLER ON VOUCHERS CERTIFIED OR APPROVED BY THE DIVISION  OF
HOMELAND SECURITY AND EMERGENCY SERVICES.
  S 4. This act shall take effect immediately.

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