senate Bill S6544

Relates to requiring the payment of small business grants within one hundred twenty days of notification of such funding

download pdf

Sponsor

Co-Sponsors

Bill Status


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

actions

  • 04 / Feb / 2014
    • REFERRED TO ENERGY AND TELECOMMUNICATIONS
  • 13 / May / 2014
    • 1ST REPORT CAL.772
  • 14 / May / 2014
    • 2ND REPORT CAL.
  • 19 / May / 2014
    • ADVANCED TO THIRD READING
  • 29 / May / 2014
    • PASSED SENATE
  • 29 / May / 2014
    • DELIVERED TO ASSEMBLY
  • 29 / May / 2014
    • REFERRED TO CORPORATIONS, AUTHORITIES AND COMMISSIONS

Summary

Relates to requiring the payment of small business grants within one hundred twenty days of notification of such funding.

do you support this bill?

Bill Details

See Assembly Version of this Bill:
A9983
Versions:
S6544
Legislative Cycle:
2013-2014
Current Committee:
Assembly Corporations, Authorities And Commissions
Law Section:
Public Authorities Law
Laws Affected:
Amd ยง1854, Pub Auth L

Sponsor Memo

BILL NUMBER:S6544

TITLE OF BILL: An act to amend the public authorities law, in
relation to requiring the payment of small business grants within one
hundred twenty days of notification of such funding

PURPOSE:

To ensure that the payment of grants by NYSERDA to small businesses is
made no later than 180 days after the notification of such funding
award.

SUMMARY OF PROVISIONS:

Section 1 - amends subdivision 14 of section 1854 of the Public
Authorities Law to provide that the New York State Energy and Research
Development Authority (NYSERDA) must make payments of grants to small
businesses as defined section 102 of the State Administrative
Procedure Act within 180 days after the notification of the grant.

Section 2 - provides that this act shall take effect immediately.

JUSTIFICATION:

There is often a lengthy delay between the time a small business is
notified that it is the recipient of a grant and the time when the
grant funds are actually received. This bill will ensure that small
businesses, as defined in section 102 of the State Administrative Act,
will receive their grants from NYSERDA on a timely basis. Currently,
NYSERDA grants can be subject to lengthy delays. Once a grant is
announced, small businesses should be able to rely on the timely
payment of the grant funds as they proceed with their planning and
budgeting process. Long delays are unacceptable and can cause severe
financial disruptions as businesses wait for funds they had been
promised and reasonably expected would be forthcoming.

LEGISLATIVE HISTORY:

New bill.

FISCAL IMPLICATIONS:

None to state.

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
________________________________________________________________________

                                  6544

                            I N  S E N A T E

                            February 4, 2014
                               ___________

Introduced  by  Sen.  RANZENHOFER -- read twice and ordered printed, and
  when printed to be committed to the Committee on Energy and Telecommu-
  nications

AN ACT to amend the public authorities law, in relation to requiring the
  payment of small business grants within one  hundred  twenty  days  of
  notification of such funding

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

  Section 1. Subdivision 14 of section 1854 of  the  public  authorities
law,  as  added by chapter 83 of the laws of 1995, is amended to read as
follows:
  14. (A) To apply for and to administer federal research  and  develop-
ment grants and other monies for the benefit of consumers.
  (B)  TO  MAKE  PAYMENTS TO SMALL BUSINESSES, AS DEFINED BY SUBDIVISION
EIGHT OF SECTION ONE HUNDRED TWO OF THE STATE  ADMINISTRATIVE  PROCEDURE
ACT,  FOR  GRANTS  ADMINISTERED BY THE AUTHORITY. PAYMENT OF SUCH GRANTS
SHALL BE MADE NO LATER THAN ONE HUNDRED TWENTY DAYS  AFTER  NOTIFICATION
OF SUCH FUNDING AWARD.
  S 2. This act shall take effect immediately.






 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD13645-02-4

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.