Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Jun 22, 2010 |
referred to corporations, authorities and commissions delivered to assembly passed senate |
Jun 10, 2010 |
advanced to third reading |
Jun 09, 2010 |
2nd report cal. |
Jun 08, 2010 |
1st report cal.885 |
Mar 16, 2010 |
committee discharged and committed to commerce, economic development and small business |
Mar 09, 2010 |
referred to corporations, authorities and commissions |
Senate Bill S7048
2009-2010 Legislative Session
Sponsored By
(D) Senate District
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
Actions
Votes
2009-S7048 (ACTIVE) - Details
- See Assembly Version of this Bill:
- A11616
- Current Committee:
- Assembly Corporations, Authorities And Commissions
- Law Section:
- Public Authorities Law
- Laws Affected:
- Add §3102-f, Pub Auth L
- Versions Introduced in Other Legislative Sessions:
-
2011-2012:
S3512
2013-2014: S3203
2015-2016: S2508
2017-2018: S2196
2019-2020: S5015
2021-2022: S5423
2023-2024: S7893
2009-S7048 (ACTIVE) - Sponsor Memo
BILL NUMBER: S7048 TITLE OF BILL : An act to amend the public authorities law, in relation to the New York incubator network PURPOSE : Creates the New York Incubator Network, allowing the Foundation for Science, Technology and Innovation (d.b.a. NYSTAR) to provide financial support to foundation designated business incubators. SUMMARY OF PROVISIONS : Section 1: Legislative intent. Section 2: Amends §3102-f of the public authorities law by creating the New York Incubator Network, allowing NYSTAR to designate a university, university-affiliated research institute or a consortium of such institutions as an incubator and allows the foundation to provide financial assistance for operating purposes. Section 3: Effective date. JUSTIFICATION : Business incubators can play an integral role in New York State's innovation economy by providing start-up and early-stage companies
2009-S7048 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 7048 I N S E N A T E March 9, 2010 ___________ Introduced by Sen. STACHOWSKI -- 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 public authorities law, in relation to the New York incubator network 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 recognizes that supporting a statewide network of university affiliated business incuba- tors, selected on a competitive basis that maintain not only physical facilities but also most current industry best practice business devel- opment services is a cost effective approach to supporting start-up and early stage companies and helping the state's creative entrepreneurs successfully transition technological breakthroughs with commercial potential from the laboratory to the marketplace. This investment in university affiliated business incubators will support regional develop- ment and local economic diversification, job creation, and the retention of the state's vast resources of intellectual capital. S 2. The public authorities law is amended by adding a new section 3102-f to read as follows: S 3102-F. NEW YORK INCUBATOR NETWORK. THE FOUNDATION IS AUTHORIZED TO DESIGNATE TEN INCUBATORS AS PART OF THE NEW YORK INCUBATOR NETWORK. SUCH DESIGNATIONS SHALL BE MADE IN ACCORDANCE WITH THE STANDARDS AND CRITERIA SET FORTH IN SUBDIVISION TWO OF THIS SECTION AND WILL LAST FOR A PERIOD OF FIVE YEARS. INCUBATORS SO DESIGNATED SHALL BE ELIGIBLE FOR SUPPORT FROM THE FOUNDATION IN THE MANNER PROVIDED FOR IN SUBDIVISION THREE OF THIS SECTION, AND FOR SUCH ADDITIONAL SUPPORT AS MAY OTHERWISE BE PROVIDED BY LAW. 1. AS USED IN THIS SECTION: (A) "INCUBATOR" OR "INCUBATE" MEANS A UNIVERSITY OR UNIVERSITY-AFFILIATED RESEARCH INSTITUTE OR A CONSORTIUM OF SUCH INSTITUTIONS, DESIGNATED BY THE FOUNDATION, WHICH PROVIDES SERVICES AND FACILITIES TO ENTREPRENEURS DURING THE START-UP PHASE OF THEIR COMPANY LIFE-CYCLE. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD16351-01-0
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