senate Bill S5550A

2011-2012 Legislative Session

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

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Archive: Last Bill Status - In Senate Committee


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

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Actions

view actions (5)
Assembly Actions - Lowercase
Senate Actions - UPPERCASE
May 14, 2012 reported and committed to finance
Jan 10, 2012 print number 5550a
amend and recommit to corporations, authorities and commissions
Jan 04, 2012 referred to corporations, authorities and commissions
Jun 01, 2011 referred to corporations, authorities and commissions

Votes

view votes

May 14, 2012 - Corporations, Authorities and Commissions committee Vote

S5550A
6
0
committee
6
Aye
0
Nay
0
Aye with Reservations
0
Absent
0
Excused
0
Abstained
show Corporations, Authorities and Commissions committee vote details

Corporations, Authorities and Commissions Committee Vote: May 14, 2012

S5550 - Details

See Assembly Version of this Bill:
A5149B
Law Section:
New York State Urban Development Corporation Act
Laws Affected:
Add §16-v, UDC Act
Versions Introduced in 2009-2010 Legislative Session:
A2261, S1636

S5550 - 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.

S5550 - Sponsor Memo

S5550 - Bill Text download pdf

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

                                  5550

                       2011-2012 Regular Sessions

                            I N  S E N A T E

                              June 1, 2011
                               ___________

Introduced  by  Sen. MAZIARZ -- read twice and ordered printed, and when
  printed to be committed to the Committee on Corporations,  Authorities
  and Commissions

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 sector.
  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-u to read as follows:
  S  16-U. NEW YORK STATE INNOVATIVE ENERGY AND ENVIRONMENTAL TECHNOLOGY
PROGRAM. 1. DEFINITIONS. AS USED IN THIS SUBSECTION, 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
SIGNIFICANT POTENTIAL FOR COMMERCIALIZATION, WITH EMPHASIS ON  RENEWABLE

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD08398-01-1

S5550A (ACTIVE) - Details

See Assembly Version of this Bill:
A5149B
Law Section:
New York State Urban Development Corporation Act
Laws Affected:
Add §16-v, UDC Act
Versions Introduced in 2009-2010 Legislative Session:
A2261, S1636

S5550A (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.

S5550A (ACTIVE) - Sponsor Memo

S5550A (ACTIVE) - Bill Text download pdf

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

                                 5550--A

                       2011-2012 Regular Sessions

                            I N  S E N A T E

                              June 1, 2011
                               ___________

Introduced  by  Sen. MAZIARZ -- read twice and ordered printed, and when
  printed to be committed to the Committee on Corporations,  Authorities
  and  Commissions  --  recommitted  to  the  Committee on Corporations,
  Authorities and Commissions in accordance with Senate Rule 6,  sec.  8
  --  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 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 sector.
  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 NEW YORK STATE INNOVATIVE ENERGY AND  ENVIRONMENTAL  TECHNOLOGY
PROGRAM. 1. DEFINITIONS. AS USED IN THIS SUBSECTION, THE FOLLOWING WORDS
AND TERMS SHALL HAVE THE FOLLOWING MEANINGS:

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD08398-02-2

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