senate Bill S6663

Vetoed By Governor
2011-2012 Legislative Session

Establishes the "tourism economic development fund" to be funded with revenue from the licensing of the "I Love NY" brand

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Archive: Last Bill Status - Vetoed by Governor


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

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Actions

view actions (13)
Assembly Actions - Lowercase
Senate Actions - UPPERCASE
Oct 03, 2012 vetoed memo.169
Sep 21, 2012 delivered to governor
Jun 04, 2012 returned to senate
passed assembly
ordered to third reading cal.707
substituted for a9605
Apr 18, 2012 referred to tourism, parks, arts and sports development
delivered to assembly
passed senate
Mar 22, 2012 advanced to third reading
Mar 21, 2012 2nd report cal.
Mar 20, 2012 1st report cal.379
Mar 08, 2012 referred to cultural affairs, tourism, parks and recreation

Votes

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Mar 20, 2012 - Cultural Affairs, Tourism, Parks and Recreation committee Vote

S6663
13
1
committee
13
Aye
1
Nay
0
Aye with Reservations
0
Absent
0
Excused
0
Abstained
show Cultural Affairs, Tourism, Parks and Recreation committee vote details

Cultural Affairs, Tourism, Parks and Recreation Committee Vote: Mar 20, 2012

nay (1)

Co-Sponsors

S6663 - Details

See Assembly Version of this Bill:
A9605
Law Section:
Economic Development Law
Laws Affected:
Amd §152, Ec Dev L; add §99-u, St Fin L

S6663 - Summary

Establishes the "tourism economic development fund" to be funded with revenue from the licensing of the "I Love NY" brand; moneys from such fund shall be appropriated for the promotion, attraction, stimulation, development and expansion of tourist travel, resort, vacation, culture and convention activities in this state.

S6663 - Sponsor Memo

S6663 - Bill Text download pdf

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

                                  6663

                            I N  S E N A T E

                              March 8, 2012
                               ___________

Introduced  by  Sen.  LITTLE -- read twice and ordered printed, and when
  printed to be committed to the Committee on Cultural Affairs, Tourism,
  Parks and Recreation

AN ACT to amend the economic development law and the state finance  law,
  in relation to resources of the "I Love NY" brand

  THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:

  Section 1. Subdivision 3 of section 152 of  the  economic  development
law, as added by section 1 of part DD of chapter 59 of the laws of 2006,
is amended to read as follows:
  3.  Nothing in this article shall prohibit the department from licens-
ing and leasing the brand to any commercial entity,  provided  that  the
appropriate  market  value  for  such  lease  is  obtained;  AND FURTHER
PROVIDED, THAT ANY REVENUE FROM  SUCH  LICENSING  OR  LEASING  SHALL  BE
DEPOSITED  IN  THE  TOURISM  ECONOMIC  DEVELOPMENT  FUND  ESTABLISHED IN
SECTION NINETY-NINE-U OF THE STATE FINANCE LAW, AND  BE  MADE  AVAILABLE
FOR  APPROPRIATION  TO  THE  DEPARTMENT  FOR  THE PURPOSE OF FUNDING THE
PROMOTION, ATTRACTION, STIMULATION, DEVELOPMENT AND EXPANSION OF TOURIST
TRAVEL, RESORT, VACATION, CULTURAL AND CONVENTION ACTIVITIES  AUTHORIZED
PURSUANT TO THIS CHAPTER.
  S  2. The state finance law is amended by adding a new section 99-u to
read as follows:
  S 99-U. TOURISM ECONOMIC DEVELOPMENT FUND. 1. THERE IS  HEREBY  ESTAB-
LISHED IN THE JOINT CUSTODY OF THE STATE COMPTROLLER AND THE COMMISSION-
ER  OF  TAXATION  AND FINANCE A SPECIAL FUND TO BE KNOWN AS THE "TOURISM
ECONOMIC DEVELOPMENT FUND".
  2. SUCH FUND SHALL CONSIST OF: (A) ALL MONEYS DERIVED  FROM  LICENSING
AND  LEASING  OF  THE "I LOVE NY" BRAND; (B) ALL MONEYS APPROPRIATED FOR
THE PURPOSE OF SUCH FUND AND ALL MONEYS TRANSFERRED TO SUCH FUND  PURSU-
ANT  TO  LAW; AND (C) ANY INTEREST EARNED BY THE INVESTMENT OF MONEYS IN
SUCH FUND, WHICH SHALL BE ADDED TO SUCH FUND.
  3. MONEYS IN THE TOURISM ECONOMIC DEVELOPMENT FUND SHALL BE KEPT SEPA-
RATE AND SHALL NOT BE COMMINGLED WITH ANY OTHER MONEYS IN THE CUSTODY OF
THE COMPTROLLER. ALL DEPOSITS OF SUCH MONEYS SHALL, IF REQUIRED  BY  THE

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

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