Assembly Bill A6110

Vetoed By Governor
2017-2018 Legislative Session

Provides small businesses with grants to commercialize energy and environmental technology innovations in-state

download bill text pdf

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Archive: Last Bill Status - Vetoed by Governor


  • Introduced
    • In Committee Assembly
    • In Committee Senate
    • On Floor Calendar Assembly
    • On Floor Calendar Senate
    • Passed Assembly
    • Passed Senate
  • Vetoed By Governor
  • Signed By Governor

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2017-A6110 (ACTIVE) - Details

See Senate Version of this Bill:
S1120
Law Section:
New York State Urban Development Corporation Act
Laws Affected:
Add §16-aa, UDC Act
Versions Introduced in Other Legislative Sessions:
2009-2010: S1636
2011-2012: S5550
2013-2014: A8900, S1120
2015-2016: A5932, S3032
2019-2020: A2310, S1909
2021-2022: A4874, A9309, S4096
2023-2024: A7307, S4942

2017-A6110 (ACTIVE) - Summary

Provides small businesses with grants of up to $100,000 to commercialize energy and environmental technology innovations and ideas in-state to stimulate economic development.

2017-A6110 (ACTIVE) - Bill Text download pdf

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   6110
 
                        2017-2018 Regular Sessions
 
                           I N  A S S E M B L Y
 
                             February 23, 2017
                                ___________
 
 Introduced  by  M.  of  A.  PICHARDO,  BUCHWALD, COLTON, CRESPO, DAVILA,
   GOODELL, HEVESI, LOPEZ, SANTABARBARA, SEPULVEDA,  SIMANOWITZ,  SKARTA-
   DOS, SOLAGES, THIELE, WALKER, WOERNER -- 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 New York state innovative energy and environ-
   mental technology program
 
   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  finds  and
 declares  that  the success of innovative energy and environmental tech-
 nology-oriented businesses with growth potential  is  essential  to  the
 continued  economic health and security of New York state. It is further
 found that the development of new products to assist  mature  industries
 undergoing  dramatic changes or facing increasing international competi-
 tion with reducing energy costs and complying with  environmental  regu-
 lations,  can  serve to retain, and even increase, employment.  However,
 commercialization of these products  is  restrained  as  numerous  small
 businesses are limited by lack of early stage financing.
   Therefore,  the  legislature seeks to provide early stage funds, via a
 grants program, to stimulate the creation of a substantial number of new
 businesses and jobs in the  energy  and  environmental  sectors  of  New
 York's economy.
   §  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-aa to read as follows:
   § 16-AA. NEW YORK STATE INNOVATIVE ENERGY AND ENVIRONMENTAL TECHNOLOGY
 PROGRAM. 1. DEFINITIONS. AS USED IN THIS SECTION,  THE  FOLLOWING  WORDS
 AND TERMS SHALL HAVE THE FOLLOWING MEANINGS:
   (A)  "INNOVATIVE  ENERGY  TECHNOLOGIES" SHALL MEAN ALL METHODS USED TO
 PRODUCE, DISTRIBUTE, CONSERVE AND STORE ENERGY  BY  METHODS  WHICH  HAVE

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

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