Assembly Bill A10195

2013-2014 Legislative Session

Establishes the New York state innovation voucher program; appropriation

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Archive: Last Bill Status - In Assembly 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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2013-A10195 (ACTIVE) - Details

Current Committee:
Assembly Small Business
Law Section:
Appropriations
Laws Affected:
Add ยง16-x, UDC Act
Versions Introduced in Other Legislative Sessions:
2015-2016: A2126
2017-2018: A1260, A9671
2019-2020: A45
2021-2022: A6317
2023-2024: A3549

2013-A10195 (ACTIVE) - Summary

Establishes the New York state innovation voucher program; provides small businesses with access to research and development by colleges and universities, government laboratories and public research institutes in order to assist such businesses in the creation of innovative products or services; makes an appropriation therefor.

2013-A10195 (ACTIVE) - Bill Text download pdf

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

                                  10195

                          I N  A S S E M B L Y

                            November 17, 2014
                               ___________

Introduced by COMMITTEE ON RULES -- (at request of M. of A. Buchwald) --
  read once and referred to the Committee on Small Business

AN  ACT  to  amend the urban development corporation act, in relation to
  establishing the New York state innovation voucher program; and making
  an appropriation therefor

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

  Section  1.  Short  title. This act shall be known and may be cited as
the "New York state innovation voucher program act".
  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:
  S  16-X. NEW YORK STATE INNOVATION VOUCHER PROGRAM. (1) PROGRAM ESTAB-
LISHED. THERE IS HEREBY ESTABLISHED A NEW YORK STATE INNOVATION  VOUCHER
PROGRAM  UNDER  THE PURVIEW OF THE EMPIRE STATE DEVELOPMENT CORPORATION.
SUCH PROGRAM SHALL PROVIDE SMALL BUSINESSES WITH ACCESS TO RESEARCH  AND
DEVELOPMENT  BY  COLLEGES  AND UNIVERSITIES, GOVERNMENT LABORATORIES AND
PUBLIC RESEARCH INSTITUTES IN ORDER TO ASSIST  SUCH  BUSINESSES  IN  THE
CREATION OF INNOVATIVE PRODUCTS OR SERVICES.
  (2) DEFINITIONS. FOR THE PURPOSES OF THIS SECTION, THE FOLLOWING TERMS
SHALL HAVE THE FOLLOWING MEANINGS:
  (A)  "ELIGIBLE  RECIPIENT"  SHALL  MEAN  SMALL  BUSINESSES  HAVING ONE
HUNDRED OR FEWER EMPLOYEES, OPERATING IN NEW YORK STATE.
  (B) "ELIGIBLE PROJECTS" OR "EXPENSES ELIGIBLE FOR REIMBURSEMENT" SHALL
MEAN RESEARCH AND DEVELOPMENT COSTS LEADING TO  INNOVATIVE  PRODUCTS  OR
SERVICES,  INCLUDING BUT NOT LIMITED TO DEVELOPMENT OF PROTOTYPES, FIELD
TESTING, OR ENGINEERING.  AN  ELIGIBLE  EXPENSE  SHALL  BE  AN  ELIGIBLE
PROJECT THAT IS NOT AN INELIGIBLE EXPENSE.
  (C) "INELIGIBLE EXPENSE" SHALL MEAN REIMBURSEMENT OF TIME SPENT BY THE
EMPLOYEES  OR OWNERS OF THE SMALL BUSINESS; GRANT OR VOUCHER APPLICATION
COSTS; ROUTINE AND READILY-PREDICTABLE  BUSINESS  EXPENSES;  DESIGN  AND
PRODUCTION  OF  MARKETING  OR  ADVERTISING MATERIALS; BASIC PROFESSIONAL
SERVICES SUCH AS ONGOING ROUTINE  ACCOUNTING,  TAX  OR  LEGAL  SERVICES;
BUILDING  OR  EQUIPMENT  CONSTRUCTION  COSTS; FINANCING FEES; TRAVEL AND

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

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