Assembly Bill A2587B

2013-2014 Legislative Session

Provides zero and low interest loans or loan interest rate reduction for energy improvement projects to stimulate the growth and development of small businesses

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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

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Bill Amendments

co-Sponsors

multi-Sponsors

2013-A2587 - Details

See Senate Version of this Bill:
S1739
Current Committee:
Assembly Ways And Means
Law Section:
New York State Urban Development Corporation Act
Laws Affected:
Add §16-x, amd §16-m, UDC Act
Versions Introduced in Other Legislative Sessions:
2009-2010: A3945, A10474
2011-2012: A6712, S3014
2015-2016: A7797, A3740, S3562
2017-2018: A3284, S795
2019-2020: A8802, S853
2021-2022: A6480, S1204
2023-2024: A6335

2013-A2587 - Summary

Provides zero and low interest loans or loan interest rate reduction for energy improvement projects to stimulate the growth and development of small businesses and jobs.

2013-A2587 - Bill Text download pdf

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

                                  2587

                       2013-2014 Regular Sessions

                          I N  A S S E M B L Y

                            January 16, 2013
                               ___________

Introduced  by  M.  of  A. SCARBOROUGH, GABRYSZAK, CAMARA, CASTRO, McDO-
  NOUGH, MILLMAN, STEVENSON, SCHIMMINGER, JAFFEE, ROBINSON,  WEISENBERG,
  COOK,  ROBERTS,  WEPRIN,  BARRON  --  Multi-Sponsored  by  -- M. of A.
  ABBATE, BRENNAN, CRESPO, CROUCH,  GIBSON,  GUNTHER,  P. LOPEZ,  MAGEE,
  MARKEY,  MILLER,  THIELE,  WRIGHT  --  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-v to read as follows:
  S 16-V. SMALL BUSINESS ENERGY LOAN PROGRAM. 1.  DEFINITIONS.  FOR  THE
PURPOSE OF THIS SECTION:

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD02720-01-3

              

co-Sponsors

multi-Sponsors

2013-A2587A - Details

See Senate Version of this Bill:
S1739
Current Committee:
Assembly Ways And Means
Law Section:
New York State Urban Development Corporation Act
Laws Affected:
Add §16-x, amd §16-m, UDC Act
Versions Introduced in Other Legislative Sessions:
2009-2010: A3945, A10474
2011-2012: A6712, S3014
2015-2016: A7797, A3740, S3562
2017-2018: A3284, S795
2019-2020: A8802, S853
2021-2022: A6480, S1204
2023-2024: A6335

2013-A2587A - Summary

Provides zero and low interest loans or loan interest rate reduction for energy improvement projects to stimulate the growth and development of small businesses and jobs.

2013-A2587A - Bill Text download pdf

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

                                 2587--A

                       2013-2014 Regular Sessions

                          I N  A S S E M B L Y

                            January 16, 2013
                               ___________

Introduced  by  M. of A. SCARBOROUGH, CAMARA, McDONOUGH, MILLMAN, SCHIM-
  MINGER, JAFFEE, ROBINSON, WEISENBERG, COOK, ROBERTS, WEPRIN, SKARTADOS
  -- Multi-Sponsored by -- M. of A.  ABBATE,  BRENNAN,  CRESPO,  CROUCH,
  GUNTHER,  P. LOPEZ, MAGEE, MARKEY, MILLER, THIELE, WRIGHT -- read once
  and referred to the Committee on Small Business -- recommitted to  the
  Committee on Small Business in accordance with Assembly Rule 3, sec. 2
  --  committee  discharged,  bill amended, ordered reprinted as amended
  and recommitted to said committee

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-w to read as follows:

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD02720-02-4

              

co-Sponsors

multi-Sponsors

2013-A2587B (ACTIVE) - Details

See Senate Version of this Bill:
S1739
Current Committee:
Assembly Ways And Means
Law Section:
New York State Urban Development Corporation Act
Laws Affected:
Add §16-x, amd §16-m, UDC Act
Versions Introduced in Other Legislative Sessions:
2009-2010: A3945, A10474
2011-2012: A6712, S3014
2015-2016: A7797, A3740, S3562
2017-2018: A3284, S795
2019-2020: A8802, S853
2021-2022: A6480, S1204
2023-2024: A6335

2013-A2587B (ACTIVE) - Summary

Provides zero and low interest loans or loan interest rate reduction for energy improvement projects to stimulate the growth and development of small businesses and jobs.

2013-A2587B (ACTIVE) - Bill Text download pdf

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

                                 2587--B

                       2013-2014 Regular Sessions

                          I N  A S S E M B L Y

                            January 16, 2013
                               ___________

Introduced  by  M. of A. SCARBOROUGH, CAMARA, McDONOUGH, MILLMAN, SCHIM-
  MINGER, JAFFEE, ROBINSON, WEISENBERG, COOK, ROBERTS, WEPRIN, SKARTADOS
  -- Multi-Sponsored by -- M. of A.  ABBATE,  BRENNAN,  CRESPO,  CROUCH,
  GUNTHER,  P. LOPEZ, MAGEE, MARKEY, MILLER, THIELE, WRIGHT -- read once
  and referred to the Committee on Small Business -- recommitted to  the
  Committee on Small Business in accordance with Assembly Rule 3, sec. 2
  --  committee  discharged,  bill amended, ordered reprinted as amended
  and recommitted to said committee --  reported  and  referred  to  the
  Committee  on  Ways  and  Means -- committee discharged, bill amended,
  ordered reprinted as amended and recommitted to said committee

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.

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD02720-04-4

A. 2587--B                          2
              

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