|Assembly Actions - Lowercase
Senate Actions - UPPERCASE
|Jan 18, 2012||reported and committed to finance|
|Jan 04, 2012||referred to commerce, economic development and small business|
|Jan 31, 2011||referred to commerce, economic development and small business|
senate Bill S2710
Archive: Last Bill Status - In Committee
- In Committee
- On Floor Calendar
- Passed Senate
- Passed Assembly
- Delivered to Governor
- Signed/Vetoed by Governor
S2710 - Details
S2710 - Summary
Establishes the biosciences commercialization fund within the foundation for science, technology and innovation.
S2710 - Sponsor Memo
BILL NUMBER:S2710 TITLE OF BILL: An act to amend the public authorities law, in relation to establishing the biosciences commercialization assistance fund within the foundation for science, technology and innovation PURPOSE OR GENERAL IDEA OF BILL: This bill would create a new program within the foundation for science, technology and innovation to aid the commercialization of bioscience innovations through grants and assistance to companies and research institutions. SUMMARY OF SPECIFIC PROVISIONS: Section 1 amends section 3150 of the public authorities law by defining "research entity"and "focus area," Section 2 adds a new section 3154-a to a new biosciences commercialization assistance and defines the purposes and uses of the fund. The foundation must give priority to projects that have the greatest chance of commercial success. Section 3 makes available funds from the incentive program part of the research development program. Section 4 establishes the effectiveness date.
S2710 - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 2710 2011-2012 Regular Sessions I N S E N A T E January 31, 2011 ___________ Introduced by Sens. GRISANTI, KENNEDY -- read twice and ordered printed, and when printed to be committed to the Committee on Commerce, Econom- ic Development and Small Business AN ACT to amend the public authorities law, in relation to establishing the biosciences commercialization assistance fund within the founda- tion for science, technology and innovation THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Section 3150 of the public authorities law, as amended by section 4 of part C of chapter 63 of the laws of 2005, is amended to read as follows: S 3150. Definitions. As used in this [section] TITLE: 1. "Foundation" shall mean the New York state foundation for science, technology and innovation created by this title; 2. "Executive director" shall mean the executive director of the foun- dation; 3. "Board" shall mean the New York state foundation for science, tech- nology and innovation board; 4. "Regional partnerships" shall mean any association or group which is: (a) comprised of local economic development organizations and a center of excellence as defined by section three of part T of chapter eighty-four of the laws of two thousand two, or in the absence of such center in the region, at least one institution of higher education involved in commercialization efforts similar to such centers of excel- lence and may include a combination of private businesses, business support organizations, commercial lending institutions, venture capital companies, angel investor networks or foundations; (b) formed for the creation and administration of regional partnership programs; and (c) certified by the foundation as the regional partnership; EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD07604-01-1 S. 2710 2
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.