senate Bill S1739B

2013-2014 Legislative Session

Provides zero and low interest loans or loan interest rate reduction for energy improvement projects to stimulate the growth and development of small businesses

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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Actions

view actions (6)
Assembly Actions - Lowercase
Senate Actions - UPPERCASE
May 08, 2014 print number 1739b
amend and recommit to corporations, authorities and commissions
Feb 04, 2014 print number 1739a
amend and recommit to corporations, authorities and commissions
Jan 08, 2014 referred to corporations, authorities and commissions
Jan 09, 2013 referred to corporations, authorities and commissions

Co-Sponsors

S1739 - Details

See Assembly Version of this Bill:
A2587B
Current Committee:
Law Section:
New York State Urban Development Corporation Act
Laws Affected:
Add §16-x, amd §16-m, UDC Act
Versions Introduced in Previous Legislative Sessions:
2011-2012: S3014, A6712A
2009-2010: A10474, A3945

S1739 - Summary

Provides zero and low interest loans or loan interest rate reduction for energy improvement projects to stimulate the growth and development of small businesses and jobs.

S1739 - Sponsor Memo

S1739 - Bill Text download pdf

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

                                  1739

                       2013-2014 Regular Sessions

                            I N  S E N A T E

                               (PREFILED)

                             January 9, 2013
                               ___________

Introduced  by  Sens.  ESPAILLAT,  ADDABBO, MONTGOMERY -- 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 small business energy loan program

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

  Section 1. The legislature hereby finds and declares that the  state's
chronically  high  energy  costs are often cited as a key factor for why
New York-based businesses and New York-made products are not competitive
in national and global markets. The legislature further finds  that  the
state's  economic  expansion  is  tied  to the growth and development of
small businesses. By reducing a primary  cost  component  in  a  rapidly
growing  sector  of  the  state's economy, those businesses are rendered
more competitive, and thus help to better secure New York-based jobs. In
addition, thriving businesses and communities will augment the tax base,
which in distressed communities  is  disproportionately  lower  than  in
other areas of the state.
  Therefore, the legislature seeks to provide funds to reduce high ener-
gy  costs,  via  a  zero  or  low  interest  loan, or loan interest rate
reduction program for energy efficiency projects to stimulate the growth
and development of small businesses and jobs in New York state.
  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.  SMALL  BUSINESS ENERGY LOAN PROGRAM. 1. DEFINITIONS. FOR THE
PURPOSE OF THIS SECTION:
  (A) "AUTHORITY" SHALL MEAN THE NEW  YORK  STATE  ENERGY  RESEARCH  AND
DEVELOPMENT  AUTHORITY AS DEFINED IN SECTION 1851 OF THE PUBLIC AUTHORI-
TIES LAW.

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

Co-Sponsors

S1739A - Details

See Assembly Version of this Bill:
A2587B
Current Committee:
Law Section:
New York State Urban Development Corporation Act
Laws Affected:
Add §16-x, amd §16-m, UDC Act
Versions Introduced in Previous Legislative Sessions:
2011-2012: S3014, A6712A
2009-2010: A10474, A3945

S1739A - Summary

Provides zero and low interest loans or loan interest rate reduction for energy improvement projects to stimulate the growth and development of small businesses and jobs.

S1739A - Sponsor Memo

S1739A - Bill Text download pdf

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

                                 1739--A

                       2013-2014 Regular Sessions

                            I N  S E N A T E

                               (PREFILED)

                             January 9, 2013
                               ___________

Introduced  by  Sens.  ESPAILLAT,  ADDABBO, MONTGOMERY -- 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 small business energy loan program

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

  Section  1. The legislature hereby finds and declares that the state's
chronically high energy costs are often cited as a key  factor  for  why
New York-based businesses and New York-made products are not competitive
in  national  and global markets. The legislature further finds that the
state's economic expansion is tied to  the  growth  and  development  of
small  businesses.  By  reducing  a  primary cost component in a rapidly
growing sector of the state's economy,  those  businesses  are  rendered
more competitive, and thus help to better secure New York-based jobs. In
addition, thriving businesses and communities will augment the tax base,
which  in  distressed  communities  is  disproportionately lower than in
other areas of the state.
  Therefore, the legislature seeks to provide funds to reduce high ener-
gy costs, via a zero  or  low  interest  loan,  or  loan  interest  rate
reduction program for energy efficiency projects to stimulate the growth
and development of small businesses and jobs in New York state.
  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-w to read as follows:
  S 16-W. SMALL BUSINESS ENERGY LOAN PROGRAM. 1.  DEFINITIONS.  FOR  THE
PURPOSE OF THIS SECTION:

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

Co-Sponsors

S1739B (ACTIVE) - Details

See Assembly Version of this Bill:
A2587B
Current Committee:
Law Section:
New York State Urban Development Corporation Act
Laws Affected:
Add §16-x, amd §16-m, UDC Act
Versions Introduced in Previous Legislative Sessions:
2011-2012: S3014, A6712A
2009-2010: A10474, A3945

S1739B (ACTIVE) - Summary

Provides zero and low interest loans or loan interest rate reduction for energy improvement projects to stimulate the growth and development of small businesses and jobs.

S1739B (ACTIVE) - Sponsor Memo

S1739B (ACTIVE) - Bill Text download pdf

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

                                 1739--B

                       2013-2014 Regular Sessions

                            I N  S E N A T E

                               (PREFILED)

                             January 9, 2013
                               ___________

Introduced  by  Sens.  ESPAILLAT,  ADDABBO, MONTGOMERY -- 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  --
  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 small business energy loan program

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

  Section  1. The legislature hereby finds and declares that the state's
chronically high energy costs are often cited as a key  factor  for  why
New York-based businesses and New York-made products are not competitive
in  national  and global markets. The legislature further finds that the
state's economic expansion is tied to  the  growth  and  development  of
small  businesses.  By  reducing  a  primary cost component in a rapidly
growing sector of the state's economy,  those  businesses  are  rendered
more competitive, and thus help to better secure New York-based jobs. In
addition, thriving businesses and communities will augment the tax base,
which  in  distressed  communities  is  disproportionately lower than in
other areas of the state.
  Therefore, the legislature seeks to provide funds to reduce high ener-
gy costs, via a zero  or  low  interest  loan,  or  loan  interest  rate
reduction program for energy efficiency projects to stimulate the growth
and development of small businesses and jobs in New York state.
  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-x to read as follows:

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

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