Senate Bill S2603

2011-2012 Legislative Session

Creates the New York state community service loan board; appropriation

download bill text pdf

Sponsored By

Archive: Last Bill Status - In Senate Committee Finance 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

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2011-S2603 (ACTIVE) - Details

Current Committee:
Senate Finance
Law Section:
Appropriations
Laws Affected:
Add Art 26-C §§751 - 757, Exec L
Versions Introduced in Other Legislative Sessions:
2009-2010: S341
2013-2014: S2956
2015-2016: S1886
2017-2018: S3287
2019-2020: S4855
2021-2022: S4941
2023-2024: S6036

2011-S2603 (ACTIVE) - Summary

Creates the New York state community service loan board to fund state businesses adversely affected by state agency actions; provides for the organization, powers and duties thereof; provides for bridge loans to certain community organizations; appropriates $100,000 therefor.

2011-S2603 (ACTIVE) - Sponsor Memo

2011-S2603 (ACTIVE) - Bill Text download pdf

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

                                  2603

                       2011-2012 Regular Sessions

                            I N  S E N A T E

                            January 26, 2011
                               ___________

Introduced  by  Sen.  KRUGER -- read twice and ordered printed, and when
  printed to be committed to the Committee on Finance

AN ACT to amend the executive law, in relation to creating the New  York
  state  community service loan board and making an appropriation there-
  for

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

  Section  1.  The executive law is amended by adding a new article 26-C
to read as follows:
                               ARTICLE 26-C
               NEW YORK STATE COMMUNITY SERVICE LOAN BOARD
SECTION 751. DEFINITIONS.
        752. NEW YORK STATE COMMUNITY SERVICE LOAN BOARD.
        753. PURPOSES OF THE BOARD.
        754. GENERAL POWERS OF THE BOARD.
        755. SPECIAL POWERS OF THE BOARD.
        756. COOPERATION OF OTHER STATE AGENCIES.
        757. DETERMINATION OF ELIGIBILITY FOR  PAYMENT  OF  INTEREST  ON
               MONEY OWED TO ELIGIBLE ORGANIZATIONS.
  S  751. DEFINITIONS. AS USED IN THIS ARTICLE THE FOLLOWING TERMS SHALL
HAVE THE FOLLOWING MEANINGS:
  1. "BOARD" MEANS THE NEW  YORK  STATE  COMMUNITY  SERVICE  LOAN  BOARD
CREATED BY THIS ARTICLE.
  2.  "ELIGIBLE  ORGANIZATION"  MEANS ANY NOT-FOR-PROFIT AGENCY OR LOCAL
GOVERNMENT ENTITY PREVIOUSLY UNDER CONTRACT AND IN THE PROCESS OF RENEW-
ING,  ESTABLISHING  OR  PERFORMING  A  SUBSEQUENT  CONTRACT  TO  PERFORM
SERVICES  FOR A STATE AGENCY. SAID AGENCY OR LOCAL GOVERNMENT AGENCY MAY
NOT HAVE AN ANNUAL OPERATING BUDGET WHICH IS IN EXCESS  OF  ONE  MILLION
FIVE HUNDRED THOUSAND DOLLARS.

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD07282-01-1

S. 2603                             2
              

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