senate Bill S6870

2013-2014 Legislative Session

Enacts the "just and open business subsidies act (JOBS act) of 2014"

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

do you support this legislation?

You must fill out the form below in order to support or oppose this bill. X

You must login or fill out the fields below for the senator to have an accurate account of the support or opposition to this bill.

Your valid home address is used to determine which NY State Senator Represents you.
Create an account. An account allows you to officially support or oppose key legislation, sign petitions with a single click, and follow issues, committees, and bills that matter to you. When you create an account, you agree to this platform's terms of participation.
Use this box to enter a message to your senator.

Actions

view actions (2)
Assembly Actions - Lowercase
Senate Actions - UPPERCASE
May 28, 2014 reported and committed to finance
Mar 24, 2014 referred to corporations, authorities and commissions

Votes

view votes

May 28, 2014 - Corporations, Authorities and Commissions committee Vote

S6870
4
0
committee
4
Aye
0
Nay
2
Aye with Reservations
0
Absent
0
Excused
0
Abstained
show Corporations, Authorities and Commissions committee vote details

Corporations, Authorities and Commissions Committee Vote: May 28, 2014

aye wr (2)

Co-Sponsors

view additional co-sponsors

S6870 - Details

See Assembly Version of this Bill:
A8203A
Current Committee:
Law Section:
Public Authorities Law
Laws Affected:
Amd §§2 & 2800, add Art 9 Title 13 §§2990 - 2998, Pub Auth L
Versions Introduced in 2013-2014 Legislative Session:
A8203

S6870 - Summary

Enacts the "just and open business subsidies act (JOBS act) of 2014".

S6870 - Sponsor Memo

S6870 - Bill Text download pdf

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

                                  6870

                            I N  S E N A T E

                             March 24, 2014
                               ___________

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

AN  ACT to amend the public authorities law, in relation to enacting the
  "just and open business subsidies act (JOBS act) of 2014", in relation
  to the reporting and collection of information,  evaluation  criteria,
  subsidy recapture, and restrictions on the funding of public financial
  assistance for private economic development

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

  Section 1. Legislative findings. The legislature finds that the  state
and local governments of New York play an important role in facilitating
private  economic  development. Public financial assistance for economic
development should prioritize performance, encourage  job  creation  for
all  New  Yorkers, and have money back guarantees. Empire State Develop-
ment (ESD) manages statewide economic development  programs  through  as
many  as  202  subsidiaries, each with its own board and staff. In addi-
tion, there are approximately  20  state  agencies  performing  economic
development  functions.  At  the  local  level, there are 114 Industrial
Development Agencies (IDAs), over 500 local development corporations, 82
Empire Zone Boards, 114 Business Improvement Districts, 49 Urban Renewal
and Community Development Agencies, and 10 Regional Economic Development
Councils, all engaging in economic development activity. These entities,
providing discretionary and as of right financial assistance, spend over
$7 billion in state and local tax revenue and appropriations.
  The legislature further finds that this system of economic development
is balkanized, opaque, often  unaccountable,  and  has  few  performance
criteria  on  which  to  judge success or failure.   This legislation is
intended to improve these important tools for  economic  development  by
streamlining  applications  and  reporting, strengthening accountability
mechanisms, and encouraging quality job creation for all New Yorkers.
  The legislature further finds that the International Economic Develop-
ment Council (IEDC), the nation's largest  professional  association  of
economic  development  officials, released findings from a survey of its

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

Comments

Open Legislation comments facilitate discussion of New York State legislation. All comments are subject to moderation. Comments deemed off-topic, commercial, campaign-related, self-promotional; or that contain profanity or hate speech; or that link to sites outside of the nysenate.gov domain are not permitted, and will not be published. Comment moderation is generally performed Monday through Friday.

By contributing or voting you agree to the Terms of Participation and verify you are over 13.