senate Bill S1595

2013-2014 Legislative Session

Establishes the biosciences commercialization assistance fund within the foundation for science, technology and innovation

download bill text pdf

Sponsored By

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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view actions (3)
Assembly Actions - Lowercase
Senate Actions - UPPERCASE
Jan 08, 2014 referred to commerce, economic development and small business
May 07, 2013 reported and committed to finance
Jan 09, 2013 referred to commerce, economic development and small business

S1595 - Details

See Assembly Version of this Bill:
Current Committee:
Law Section:
Public Authorities Law
Laws Affected:
Amd §3150, add §3154-a, Pub Auth L
Versions Introduced in Previous Legislative Sessions:
2011-2012: S2710, A9311
2009-2010: S2290, A253

S1595 - Summary

Establishes the biosciences commercialization fund within the foundation for science, technology and innovation.

S1595 - Sponsor Memo

S1595 - Bill Text download pdf

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


                       2013-2014 Regular Sessions

                            I N  S E N A T E


                             January 9, 2013

Introduced  by Sen. GRISANTI -- read twice and ordered printed, and when
  printed to be committed to the Committee on Commerce, Economic  Devel-
  opment 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


  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-
  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.


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