senate Bill S5728

Extends certain provisions relating to the empire state economic development fund

download pdf

Sponsor

Bill Status


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

actions

  • 10 / Jun / 2013
    • REFERRED TO CORPORATIONS, AUTHORITIES AND COMMISSIONS
  • 18 / Jun / 2013
    • COMMITTEE DISCHARGED AND COMMITTED TO RULES
  • 18 / Jun / 2013
    • ORDERED TO THIRD READING CAL.1465
  • 18 / Jun / 2013
    • SUBSTITUTED BY A7629

Summary

Extends certain provisions relating to the empire state economic development fund.

do you support this bill?

Bill Details

See Assembly Version of this Bill:
A7629
Versions:
S5728
Legislative Cycle:
2013-2014
Law Section:
New York State Urban Development Corporation Act
Laws Affected:
Amd ยง16-m, UDC Act

Sponsor Memo

BILL NUMBER:S5728

TITLE OF BILL: An act to amend the New York state urban development
corporation act, in relation to extending certain provisions relating
to the empire state economic development fund

SUMMARY OF SPECIFIC PROVISIONS:

Section 1 amends subdivision 3 of section 16-m of section 1 of Chapter
174 of the Laws of 1968.

Section 2 sets the effective date.

JUSTIFICATION: AND PURPOSE: This legislation would continue the
authorization of the Urban Development Corporation's administration of
the Economic Development Fund which provides loans, loan guarantees,
interest subsidies and grants to various economic development projects
throughout the State.

PRIOR LEGISLATIVE HISTORY: New bill.

FISCAL IMPLICATIONS: None.

EFFECTIVE DATE: This act shall take effect immediately.

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

                                  5728

                       2013-2014 Regular Sessions

                            I N  S E N A T E

                              June 10, 2013
                               ___________

Introduced  by  Sen.  RANZENHOFER -- read twice and ordered printed, and
  when printed to be committed to the Committee on Corporations, Author-
  ities and Commissions

AN ACT to amend the New York state urban development corporation act, in
  relation to extending certain provisions relating to the empire  state
  economic development fund

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

  Section 1. Subdivision 3 of section 16-m of section 1 of  chapter  174
of  the  laws of 1968, constituting the New York state urban development
corporation act, as amended by section 1 of part S of chapter 58 of  the
laws of 2012, is amended to read as follows:
  3.  The  provisions  of this section shall expire, notwithstanding any
inconsistent provision of subdivision 4 of section 469 of chapter 309 of
the laws of 1996 or of any other law, on July 1, [2013] 2014.
  S 2. This act shall take effect immediately.






 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD11042-01-3

Comments

Open Legislation comments facilitate discussion of New York State legislation. All comments are subject to moderation. Comments deemed off-topic, commercial, campaign-related, self-promotional; or that contain profanity or hate speech; or that link to sites outside of the nysenate.gov domain are not permitted, and will not be published. Comment moderation is generally performed Monday through Friday.

By contributing or voting you agree to the Terms of Participation and verify you are over 13.